Global Markets News

Wall Street scores weekly gains, but sags for the day

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NEW YORK - U.S. stocks ended their first positive week in four with a down day on Friday as investors were reluctant to buy going into a long weekend, with uncertainty still swirling around Europe.

U.S. data, Europe woes to set tone

NEW YORK - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come.

1:51am IST

Oil edges up on Iran, but posts fourth weekly loss

NEW YORK - Oil prices rose for a second day on Friday on the lack of progress in negotiations with Iran over its disputed nuclear program, but crude futures posted a fourth straight weekly loss as Europe's debt problems threatened economic growth and petroleum demand.

3:10am IST

LCH.Clearnet left off U.S. 'systemic' list

CHICAGO - LCH.Clearnet, the world's biggest clearer of interest-rate swaps, did not make an initial list of global clearinghouses labeled "systemically important" by a council of U.S. regulators earlier this week, three sources familiar with the decision said.

4:27am IST

Euro slides again vs. dollar on fears of spreading debt crisis

NEW YORK - The euro slumped to near two-year lows against the dollar on Friday, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the bloc.

1:12am IST

CBOT grain pits to open earlier on USDA report days

CHICAGO - The Chicago Board of Trade's iconic grain trading pits will open for business more than two hours earlier on mornings when the U.S. government issues price-sensitive crop reports, CME Group said on Friday, aiming to appease floor traders after electronic hours were expanded.

1:39am IST
World Markets

UPDATE 1-India's Suzlon eyes up to $200 mln from asset sales in FY13

* Confident of repaying bondholders this year - CFO (Adds quote, details, share price)

25 May 2012

UPDATE 1-UK Stocks-Factors to watch on Friday

* Britain's FTSE 100 was seen opening down on Friday after strong gains the previous session, with futures on the index easing 0.1 percent by 0623 GMT. Financial spreadbetters forecast losses of 12 to 17 points, or up to 0.3 percent in early trade.

25 May 2012

Defensives push European shares up against bleak backdrop

LONDON, May 25 - Drugmakers and utilities were among the top gainers as Europe's top share index closed higher on Friday, albeit in choppy trade and light volumes, as uncertain macro economic conditions dampened investors' risk appetite.

Nikkei marks longest weekly losing run in 20 years

* Nikkei down 0.4 pct on the week * Nikkei has fallen 16 pct since March 27 * Japan Tobacco up 10 pct on the week, to buy Belgium firm * Investors pick up defensive stocks By Sophie Knight TOKYO, May 25 - Japan's Nikkei stock average on Friday declined for an eighth straight week, marking its worst weekly losing streak in 20 years, as fears mounted about the impact of Greece's possible exit from the euro zone. But the benchmark ended the day slightly higher w

Hong Kong shares suffer 3rd weekly loss, China weak too

* Chinese railways extend strength, but scepticism lingers

25 May 2012
DJI Chart (us!dji)
NIKKEI  Chart (jp!n225)
FTSE100 Chart (gb!ftse)

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Nikkei 8,580.39 +17.01 +0.20%
Hang Seng 18,713.41 +47.01 +0.25%
Sensex 16,217.82 -4.48 -0.03%
EUR/INR 69.301 -0.47%
USD/INR 55.365 -0.33%
GBP/INR 86.697 -0.43%
Gold 1,573.10 +15.60 +0.99%
Oil 90.74 +0.08 +0.09%
Corn 578.50 +0.00 +0.00%