Journalism of Courage
WORLD MARKET NEWS - Page 50
Dollar pulls from losses after hit from downbeat GDP report
August 1, 2016 07:59 IST
US gross domestic product increased at a 1.2 per cent annual rate in April-June, Commerce Department figures showed on Friday.
Oil dips as global supplies rise, fresh concerns over Asian economies
August 1, 2016 07:30 IST
Brent crude futures were trading at $43.46 per barrel at 0126 GMT, down 7 cents from their last close in July.
Helicopter money talk takes flight as Bank of Japan runs out of runway
July 31, 2016 07:57 IST
Some economists, however, fear Bank of Japan's move could trigger hyperinflation and uncontrollable currency devaluation.
UK firms expect growth to stagnate over next 3 months, says Confederation of British Industries
July 31, 2016 05:29 IST
A survey by financial data company Markit earlier this month showed firms reported the biggest fall in activity since the depths of the financial crisis in 2009.
No clean bill of health for EU banks in stress test
July 30, 2016 14:11 IST
Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test.
India’s strategic oil reserves unlikely to stir global market
July 29, 2016 05:14 IST
The global oil market is suffering from two years of oversupply, but India has been touted as having the potential to pick up any slack from China and help rebalance the market.
US biotech companies stocks win back investors in July run
July 28, 2016 23:48 IST
Nasdaq Biotechnology index has climbed 11 percent in July, on pace for its biggest monthly percentage gain in three years.
Japan economy minister urges BOJ to help support growth
July 28, 2016 08:44 IST
Prime Minister of Japan Shinzo Abe unveiled a surprisingly large 28 trillion yen ($267 billion) stimulus package on Wednesday.
US Federal Reserve leaves rates unchanged but says economy improvingSubscriber Only
July 28, 2016 05:53 IST
US Policy makers are not expected to raise rates, out of concern that a hike could stifle fragile growth.
US durable goods orders data points to weak business spending
July 28, 2016 04:25 IST
Business spending has weakened since late 2015, in part as lower oil prices squeezed profits in the energy sector, forcing companies to cut capital spending budgets.
Japan: Nikkei climbs after PM Shinzo Abe’s annoucement of $225 billion stimulus package
July 27, 2016 10:14 IST
Thirteen trillion yen will be spent by national and local governments as well as cheap loan programmes offered to private-sector projects by semi-government financial institutions.
Gold eases on firm dollar, stocks; US Federal rate policy in focusSubscriber Only
July 27, 2016 09:33 IST
Spot gold is biased to break a support at $1,313 per ounce and fall towards the next support at $1,298, as its consolidation above $1,313 is ending.
Spain’s OHL in talks over buyout of Mexican unit
July 26, 2016 23:19 IST
Australian fund management firm IFM, which already has joint operations in Mexico with OHL, was looking into a potential joint buyout of OHL Mexico.
Nikkei falls to one and a half week low on strong yen before Federal Reserve policy meeting
July 26, 2016 07:46 IST
Exporters were sold after the dollar slipped 0.9 percent against the yen to 104.87, with Toyota Motor Corp shedding 1.5 percent and Honda Motor Co sliding 1.7 percent.
Asian shares hold near nine-month highs, dollar stays firmSubscriber Only
July 25, 2016 12:10 IST
G20 countries agreed to work to support global growth and better share the benefits of trade, in a meeting dominated by the impact of Brexit and fears of rising protectionism.
Beijing slaps EU, Japan, South Korea with steel dutiesSubscriber Only
July 24, 2016 16:47 IST
Duties on the materials, used in power transformers and electric motors, will range from around 37 to as high as 46.3 percent, the commerce ministry said on its website.
UK economy suffers ‘dramatic deterioration’ from Brexit voteSubscriber Only
July 22, 2016 20:24 IST
The preliminary reading compared with 52.4 in June and crucially took the PMI below the boom-or-bust 50 points barrier that signals contraction, Markit said.
Seoul: North Korean economy shrinks for 1st time in 5 years
July 22, 2016 16:49 IST
The Bank of Korea said Friday that its estimates showed the impoverished economy likely contracted mainly because of a huge downturn in power generation and manufacturing.
UK economy wilting fast after Brexit vote, as PMI shows record drop
July 22, 2016 14:38 IST
"It might be a little bit early to draw firm conclusions but it certainly looks as though the second half of the year will be weaker than the first." said analyst Philip Shaw.
Asia dips as weak results halt bull run on Wall St, yen holds gains
July 22, 2016 08:51 IST
The dollar stood little changed at 105.84 yen after coming off its peak of 107.49, its highest in six weeks, the previous day.
US moves to block massive health insurer deals led by Anthem, Aetna
July 22, 2016 02:55 IST
We have no doubt that these mergers would reduce competition from what it is today, said Principal Deputy Associate Attorney General William Baer, who spearheaded the antitrust reviews.
Saudi Arabia’s Aramco signs 13 Billion Dollar deal for new domestic gas project
July 21, 2016 08:15 IST
Saudi Aramco says the Fadhili project will increase the kingdom's natural gas production to 17 billion standard cubic feet per day by 2020.
US Justice Department says it approves SABMiller, ABI deal
July 21, 2016 01:09 IST
The settlement requires ABI to divest SABMiller's entire U.S. business - including SABMiller's ownership interest in MillerCoors,the worldwide Miller beer brand rights.
Bank of England: No clear evidence of economic slowdown post Brexit vote
July 20, 2016 15:34 IST
Last week the British central bank surprised markets by keeping interest rates on hold, rather than cutting them to a record low.
China stocks flat at midday as investors await policy leads
July 20, 2016 10:45 IST
The CSI300 index was unchanged at 3,247.90 points at the end of the morning session, while the Shanghai Composite Index was also unchanged at 3,035.87 points.
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