Currencies

The IRS ruled Tuesday that the embattled virtual currency Bitcoin is “property, not currency,” paving the way for regulation in the U.S.   

The IRS ruled Tuesday that the embattled virtual currency Bitcoin is “property, not currency,” paving the way for regulation in the U.S.   

Closing out a brutal week for Bitcoin, consumer watchdogs in Massachusetts said Friday they will issue an advisory on the embattled currency in the coming weeks.

The $6.4 billion of outflows from emerging market equity funds marks the largest cash exodus from these funds since August 2011.

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In a move that could further legitimize the digital currency, the New York Stock Exchange announced on Tuesday that it has launched a bitcoin index called NYXBT. The index will track the daily price movements of the virtual coin.

It’s time to get honest with ol’ ‘Honest Abe’ about the state of the currency that bears his bearded likeness: the penny. 

The strong U.S. dollar is once again emerging as a major theme this earnings season with large multi-nationals that have seen their profits eroded overseas.

A critical referendum on whether Scotland should be an independent country will take place on September 18.

The Chinese want to inject volatility into their currency markets and deter speculation.  

Secretary of State John Kerry says China has agreed to work with the U.S. to complete a code of conduct on cyber activities.

The Mexican peso has hit its lowest level ever against the dollar Wednesday, trading an average of 16.52 on the interbank market, the Bank of Mexico said.

China's tightly controlled currency, the yuan, has slid by an unusually large margin after Beijing altered its exchange rate policy following a slump in trade.

The Canadian dollar dropped to levels not seen in more than a decade as the price of oil and gold both came under pressure.

Swiss biotechnology company Syngenta said Friday that it has rejected a takeover offer from Monsanto Co., a bid that it said greatly undervalued its prospects.

Procter & Gamble and Facebook have nothing in common.

Manufacturing activity in New York shrank in April for the first time in four months, a sign that the strong dollar and sluggish consumer spending may be holding back factories.

The wow factor for Miami's skyscraper condos no longer comes from a dazzling Atlantic Ocean view.

Greece sounded a defiant note Tuesday, with Prime Minister Alexis Tsipras saying his country will not compromise in talks with its European creditors, but that it is working for an "honest and mutually beneficial agreement." Tsipras' comments to his Syriza party lawmakers in parliament came a day after the collapse in negotiations between Greece and the rest of the 19-nation eurozone in Brussels over the new government's attempt to renegotiate its bailout.

Americans hoping to save on European goods thanks to a falling euro shouldn't rush to uncork that bottle of French Bordeaux.