Dollar, yen gain as risk rally stalls

The dollar and the yen gained broadly while perceived higher risk currencies came under heavy selling pressure on Wednesday as riskier assets succumbed to profit-taking after a recent strong rally. A reassessment

U.S. home prices see first rise in three years

U.S. single-family home prices rose in May from April, the first monthly increase in nearly three years, suggesting prices may be stabilizing, according to Standard & Poor's/Case Shiller home price indexes on

Dollar edges lower, hits 8-wk low vs euro

The dollar edged lower against most major currencies on Tuesday, hitting an eight-week low against the euro as investor sought riskier assets, though the greenback's losses were tempered after share prices pared

Obama calls for deeper U.S.-Chinese ties

U.S. and Chinese officials began grappling on Monday with how and when to withdraw the huge economic stimulus spending each has applied and to put in place measures to promote steadier long-term