Global Markets News

China's growth sucks in more debt bucks for less bang


BEIJING As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending.

Silicon Valley leads avalanche of quarterly reports

SAN FRANCISCO A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam.

23 Jul 2016

Eyes on Fed, BOJ, Europe's bank stress test

FRANKFURT Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain's shock vote to leave the EU.

23 Jul 2016

Japan Finance Minister Aso: Closely watching China's economy, falling yuan

CHENGDU, China Japanese Finance Minister Taro Aso said on Saturday that he was closely watching China's economy and declines in the yuan as the impact of Britain's vote to leave the European Union dominated a gathering of the Group of 20 leading economies.

23 Jul 2016

G20 nations pledge to bolster defenses against Brexit headwinds

CHENGDU, China The world's leading economies will do more to lift global growth and share the benefits more broadly, top policymakers said on Saturday as they sought to deal with fallout from Britain's Brexit vote and counter dissatisfaction with globalization.

23 Jul 2016

UK unprepared for Brexit, needs more time, but shouldn't be indefinite: Sapin

CHENGDU, China Britain was unprepared for the outcome of the referendum to leave the European Union and so should be given time to respond, but it should not take too long because of the damaging uncertainty, French Finance Minister Michel Sapin said.

23 Jul 2016
World Markets

US STOCKS-Wall St rises, racks up 4th straight week of gains

* Indexes up: Dow 0.29 pct, S&P 0.46 pct, Nasdaq 0.52 pct (Updates with close of U.S. market)

European shares slip as miners weaken and Skanska skids

LONDON, July 22 European stock markets fell on Friday, weighed down by a drop in the shares of mining companies and a fall at Swedish construction company Skanska.

Hong Kong shares join others in Asia, follow Wall Street down

July 22 Hong Kong shares finished down on Friday as Asian shares slid after weak corporate earnings halted Wall Street's record run.

22 Jul 2016
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Sensex 27,803.24 + 92.72 +0.33%
Nikkei 16,627.25 -182.97 -1.09%
Hang Seng 21,964.27 -36.22 -0.16%
EUR/INR 73.677 --
USD/INR 67.144 --
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Gold 1,322.20 -7.40 -0.56%
Oil 44.26 -0.56 -1.25%
Corn 336.50 +2.25 +0.67%

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