Currencies

Brazil Real Plunges Against Dollar After Report President Temer Encouraged Bribes

The Brazilian real weakened against the dollar Thursday after a local newspaper reported Wednesday that President Michel Temer encouraged a businessman to continue bribing a jailed former congressman to buy the lawmaker's silence, putting the future of his government and the approval of key economic reforms by Congress at risk.

Brazil Real Plunges Against Dollar After Report President Temer Encouraged Bribes

The Brazilian real weakened against the dollar Thursday after a local newspaper reported Wednesday that President Michel Temer encouraged a businessman to continue bribing a jailed former congressman to buy the lawmaker's silence, putting the future of his government and the approval of key economic reforms by Congress at risk.

Trump developments weigh on global stocks once again

Asian stock benchmarks skidded lower Thursday following Wall Street's worst day in months as Washington's political chaos made investors more nervous about risky assets and the outlook for President Donald Trump's business-friendly proposals.

Trump-Comey Turmoil Socks Wall Street, Stocks See Worst Day in Eight Months

Investors shook off their weeks-long calm façade Wednesday, sending U.S. stocks sharply lower on the back of a New York Times report that claims President Donald Trump asked former FBI Director James Comey to drop a probe into former national security adviser Michael Flynn. The White House has denied the report.

Asian stocks mixed after Wall Street rise

A spurt in oil prices on Monday helped revive energy stocks, which have been among the year's worst performers, and U.S. stock indexes flirted again with record highs.

Wall Street Slides as Investors Fret about Retail

U.S. stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth.