Global Markets News
TOKYO - Asian shares inched higher on Friday but were on track for a weekly loss, while the dollar edged away from highs scaled after U.S. GDP data reinforced expectations that the Federal Reserve is on track to raise interest rates this year.
WASHINGTON - The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy.
TOKYO - The dollar held near one-week highs against a basket of major currencies on Friday as investors interpreted latest U.S. GDP readings as keeping the Federal Reserve on track for its first interest rate hike since 2006.
- Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter.
TOKYO - Japan's annual core consumer inflation stalled and household spending unexpectedly fell in June, underscoring the challenges the central bank faces in reflating the economy to meet its ambitious 2 percent price target.
NEW YORK - Crude futures settled down on Thursday, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in U.S. stockpiles that was much steeper than expected.
MILAN, July 30 - Troubled Italian car designer Pininfarina is still hoping to clinch a sale to Indian vehicle maker Mahindra and Mahindra but has begun drafting a stand-alone business plan as its financial position worsens.
LONDON, July 30 - European equities enjoyed their third straight day of gains on Thursday with results from Siemens, Nokia and Safran underpinning the signs of recovery.