Currencies

Business Highlights

___ Dollar tumbles after US treasury chief welcomes weaker value DAVOS, Switzerland (AP) — The U.S. treasury chief has welcomed a weaker value in the dollar, breaking with a past commitment by the U.S. government to back a strong dollar.

Asian shares mixed on renewed jitters over trade friction

U.S. stocks are mixed in early trading Tuesday as consumer-focused companies like Netflix and Amazon climb while household goods makers including Johnson & Johnson and Procter & Gamble sink following disappointing quarterly reports.

Easing stance, South Korea to adopt real-name crypto trading

South Korea plans to require local banks to launch a real-name system for crypto currency trading that will make the up-to-now anonymous transactions be traceable as the country seeks to curb speculation and criminal activities.