Global Markets News

Asia stocks jump as China, Europe step up stimulus


SYDNEY - Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.

Euro hobbled by chance of more ECB action, Aussie perkier

SYDNEY - The euro flirted with a two-year trough against the dollar early on Monday and was broadly weaker as investors gave the common currency a wide berth on prospects of more easing from the European Central Bank.

4:36am IST

China rate cut knocks legs from under yuan rally, more volatility seen

SHANGHAI - China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.

23 Nov 2014

Exclusive: China ready to cut rates again on fears of deflation - sources

BEIJING - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

7:52am IST

Putin stands by hawkish Russian central bank - for now

MOSCOW - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.

23 Nov 2014

Giving thanks for big stock gains

NEW YORK - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.

22 Nov 2014
World Markets

Tata Steel Thai unit expects net profit for 2014/15 despite H1 net loss

BANGKOK, Nov 21 - The Thai unit of India's largest steel maker, Tata Steel Group, said on Friday it expects to post a net profit for the fiscal year ending March 2015, bouncing back from a first-half loss by boosting sales of high-margin products.

21 Nov 2014

Bouygues rallies as European shares edge up; focus on ECB speeches

LONDON, Nov 21 - Euro zone indexes were set for their first weekly gain this month as they rose early on Friday, with traders awaiting speeches from European Central Bank policymakers for clues as to whether more stimulus may be under way.

Hong Kong shares rebound as casinos gain, but shed over 2 pct on week

SHANGHAI, Nov 21 - Hong Kong shares snapped a four-day losing streak on Friday as profit-taking pressure eased, but ended lower on the week despite the highly-touted launch of a landmark link between the Hong Kong and Shanghai exchanges.

21 Nov 2014
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Nikkei 17,357.51 +56.65 +0.33%
Hang Seng 23,892.06 +454.94 +1.94%
Sensex 28,334.63 -- --%
EUR/INR 76.493 +0.07%
USD/INR 61.763 --
GBP/INR 96.689 -0.02%
Gold 1,200.30 +6.80 +0.57%
Oil 76.57 +0.06 +0.08%
Corn 371.25 -1.50 -0.40%

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