News

Dollar firms against euro on weak German PMI data

The dollar rose against the euro on Monday after signs of slower growth in Germany worried traders and expectations of tightening U.S. monetary policy continued to support the greenback.

Russian economy grinding to a halt as Ukraine crisis takes heavy toll

Russia's economy is barely growing, inflation is rising fast, and capital is pouring out of the country, the Economy Ministry said on Monday, a sign that international tensions around Ukraine are already inflicting severe economic costs.

U.S. housing regulator says former chief DeMarco to leave in April

Edward DeMarco, former acting director of the housing regulator that oversees Fannie Mae and Freddie Mac, said on Monday he would leave the agency at the end of April.