Business

Chinese markets open higher after day's suspension

Both were boosted in early trading on Friday by news of China's markets intervention and the release of better-than-expected U.S. job numbers. The Shanghai Composite Index was 2% higher at 3,186.41 at 2 a.m. The US dollar trimmed losses against a basket of currencies after the Chinese stock exchanges anĀ­nounced the removal of the circuit breaker. The value of country's currency , the yuan, fell after the People's Bank of China pushed down its guidance rate one half of one percent.

Business

Turnaround in Asian markets after China fixes currency rate

It is quite possible that the yuan heads lower in the days to come and this has implications for the rest of the world. Shanghai shares were last up 1.1 percent after a report that China will keep in effect a ban on share sales by listed companies' major shareholders until new rules are promulgated.

Business

Behind the math in winning the estimated $700 million Powerball jackpot

There was no match on the winning Powerball number (17), but the ticket was still worth $1 million. Powerball lottery tickets sit on a store counter in the Manhattan borough of New York January 5, 2016. The odds of any particular ticket winning a prize never change. Like so many people, Pete and his coworkers at John Jay College have an office pool going in the hopes of claiming at least some of the jackpot, 1010 WINS' Glenn Schuck reported .

Business

Saudi-led coalition, Yemen deny Iran embassy hit in Sanaa

A Saudi-led coalition has been bombing Houthi tribesmen in Yemen since previous year and Riyadh has accused Iran of supporting them with arms and finances. Riyadh severed diplomatic ties and air links with Tehran after crowds set fire to its embassy in the Iranian capital and its consulate in second city Mashhad last weekend.

Business

Pacific Trade Pact Set to Give Big Boost to Japan, Vietnam, Malaysia

In this scenario, either Japan or the USA would have to be among the original six to ratify. The U.S. Chamber of Commerce on Wednesday voiced its support for the controversial Trans-Pacific Partnership (TPP) deal, but urged the Obama administration to address industry concerns about some provisions in the trade pact.

Business

Police try to determine identity of Paris police attacker

However, he said a sheet of paper found on his body gave a different name, and a Tunisian nationality. The man was holding a cleaver and shouting, "Allahu akbar" at the entrance of a police station in Montmartre. Elsewhere in the City of Lights, French President Francois Hollande was paying tribute to officers who were killed in the line of duty, including those killed a year earlier during the bloody Charlie Hebdo terror attacks.