Troubled Brazil Airlines Hit With Losses on Currency, Climate Woes
(Bloomberg) -- Brazilian airlines, already struggling with high interest rates and volatile fuel costs, are being hit with more losses...
archivehigh interest rates
UK house prices fall slightly in June
The average house price last month was £288,455, according to Halifax. (Mark Waugh)UK house prices fell slightly month-on-month in June,...
Yellen says currency intervention acceptable only in rare situations
(Adds quotes, context) WASHINGTON, April 25 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday the strong dollar reflected the strength of the U.S. economy and high interest rates, insisting that interventions by governments in currency markets were acceptable only in rare circumstances. Yellen, speaking in an interview with Reuters, acknowledged the strength of the dollar and divergences with other countries, but said the dollar's rise reflected "the strength of the U.S. economy and the level of interest rates." The former chair of the Federal Reserve declined to comment...