World Market News

Brexit takes toll on Britain’s financial sector, outlook weak

A survey of 84 firms said demand is expected to continue falling during the quarter to March, with profitability also expected to drop for the first time in three years.

Xi pledges tough measures to avert major risks for Chinese economy in 2019

The US has imposed punitive tariffs on Chinese goods worth USD 250 billion per year. In retaliation, China imposed tariffs on USD 110 billion of American goods.

Oil prices rise as OPEC output cuts seen deeper than previously expected

Benchmark Brent crude futures were up 1.51 percent at $55.17 per barrel at 0112 GMT, recovering from losses of $2.89 per barrel the session before.

Japan’s Nikkei hits nine-month low after Fed’s stance dampens mood

At the midday break, Japan's Nikkei share average was down 1.7 percent at 20,631.43 after going as low as 20,598.86, its weakest since March 26.

Asian shares pull back after Fed’s signals for more rate hikes

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.34 percent, with Australian shares dropping as much as 0.65 percent to two-year lows.

Nikkei hits near 9-month low before Fed; SoftBank Corp slides on debut

After swerving in and out of the red in a volatile session, the Nikkei share average was down 0.43 per cent at 21,025.10 at the midday close after going as low as 20,880.73, its weakest since March 28.

China suspends tariff hikes on $126B of US goods

Donald Trump agreed earlier to suspend planned US tariff hikes due to take effect January 1 on Chinese imports while the two sides negotiate.

Huawei CFO arrest: Global stocks plunge, suggesting a grim day on Wall Street

Investors’ anxiety over the fragile peace between the world’s two largest economies mounted after the chief financial officer of Huawei, Meng Wanzhou, was arrested in Canada at the request of the United States.

US stock futures fall after Canada arrests top Huawei executive

The Canadian Justice Department said Meng Wanzhou, deputy chair of Huawei, was arrested early this month and that she was sought for extradition by the United States.

Dollar stumbles as US-China trade truce revives risk taking

The dollar lost 0.55 per cent versus the offshore yuan, to quote at 6.9109. In onshore trade, the yuan traded at 6.9164.

Cyber Monday set to become biggest US online shopping day

US retailers have also bombarded shoppers with thousands of promotional emails, but that drew the ire of several people who complained that they woke up to a deluge of cyber Monday emails compared to years past.

Oil prices pressured by rising US crude stocks, but expected OPEC supply cut supports

Some analysts have warned that despite high global production, oil markets have little spare capacity to handle unforeseen supply disruptions.