Global Markets News

OPEC agrees modest oil output curbs in first deal since 2008


ALGIERS OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. | Video

Fed's Yellen defends regulatory role, raises stress test changes

WASHINGTON Federal Reserve Chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank's regulatory role, taking and landing punches on Wells Fargo and other banks considered too big to fail, and addressing accusations of political conflicts of interest.

4:16am IST

Commodity currencies firm, yen sags after OPEC oil curb agreement

TOKYO Commodity-linked currencies held firm on Thursday after OPEC agreed to cut oil output in the first such deal since 2008, boosting oil prices while a broad gain in risk assets dented the yen.

8:24am IST

Oil prices, stocks up on surprise OPEC deal though gains seen fizzling

HONG KONG Oil prices extended gains in Asia on Thursday, boosting stock markets, after OPEC members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the U.S. presidential election nears.

7:57am IST

Fed's primal divide: Is economy overheating or stuck in a rut?

ST. LOUIS Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between.

6:31am IST

Oil soars 6 percent as OPEC reaches deal to limit output in November

NEW YORK Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.

2:20am IST
World Markets

BRIEF-United Breweries Holdings June-qtr profit rises

* Net Profit In June quarter last year was 21.5 million rupees; net sales was 578.1 million rupees Source text: (http://bit.ly/2dsYmD9) (Bengaluru newsroom)

8:30am IST

UPDATE 1-UK Stocks-Factors to watch on Sept. 28

Sept 28 Britain's FTSE 100 index is seen opening down 3 points, or 0.05 percent lower on Wednesday, according to financial bookmakers, with futures up 0.21 percent ahead of the cash market open.

28 Sep 2016

European shares rise as Deutsche Bank recovers

* Deutsche CEO says no cash call needed, govt denies rescue plan

Hong Kong, China stocks up as energy shares jump on higher oil prices

* Energy stocks jump on higher oil prices after surprise OPEC deal

10:22am IST
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