Global Markets News

Stocks, bond yields fall on Greece worries, US data

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NEW YORK - Global equity markets and bond yields both fell on Friday, as data showed the U.S. economy contracted in the first quarter and as investors were unnerved by mixed signals from Greece's debt talks.

Wall St. ends down after weak economic data but gains in May

- U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month. | Video

4:25am IST

U.S. economy contracts in first quarter; dollar hurts corporate profits

WASHINGTON - The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly. | Video

3:01am IST

U.S. warns G7 of global economy 'accident' without Greece deal

DRESDEN, Germany - The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default.

29 May 2015

Strong sales could shift Ford, GM to higher gear

NEW YORK - Shares of U.S. automakers may finally be able to accelerate.

12:40am IST

U.S. judge reserves judgment on broadening Argentina debt ruling

- Argentina urged a U.S. judge on Friday to not expand by another $5.4 billion the amount it must pay holders of defaulted debt before it can pay the majority of its creditors who participated in two rounds of sovereign restructurings.

3:06am IST
World Markets

India's Sun Pharma misses profit estimates on Ranbaxy costs

MUMBAI, May 29 - Sun Pharmaceutical Industries Ltd , India's largest drugmaker by sales, reported fourth-quarter profit well below analysts' expectations, hit by costs related to integrating smaller rival Ranbaxy Laboratories Ltd.

29 May 2015

European shares tread water on Greek uncertainty; Syngenta rises

LONDON, May 29 - European shares were little changed at the open on Friday, keeping within their recent range, as investors awaited developments in Greek debt talks amid mixed signals from the parties involved.

European shares fall amid Greek impasse, weak euro zone data

* Associated British Foods gains on rating hike (Adds detail, updates closing prices)

Hong Kong shares end down, investors wary after market slump

HONG KONG, May 29 - Hong Kong stocks dipped on Friday, with investors staying cautious after the previous session's slide triggered by a tumble in mainland markets.

29 May 2015
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