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Global Markets News

With stocks at highs, investors eye consumer results

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NEW YORK U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc next week for signs on whether the recent market rally has more room to run.

Iran finds 2 billion barrels shale oil reserves in western province: agency

DUBAI Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday.

18 Feb 2017

ECB's Lautenschlaeger welcomes inflation rise but says too soon for rate move

BERLIN European Central Bank board member Sabine Lautenschlaeger has said the ECB needs to wait to see if inflation stabilizes in its target zone of just under 2 percent before interest rates can be raised, but that she hopes its bond-buying program can be scaled down before year-end.

2:25am IST

China says policies unaffected by Trump plan to bring factories back to U.S.

SHANGHAI China is closely following U.S. President Donald Trump's plans to create more domestic jobs by encouraging U.S. companies to bring home or "reshore" their overseas production, but the government will not change its overall strategy, Industry Minister Miao Wei said on Friday.

18 Feb 2017

Merkel suggests euro is too low for Germany

MUNICH German Chancellor Angela Merkel suggested on Saturday that the euro was too low for Germany but made clear that Berlin had no power to address this "problem" because monetary policy was set by the independent European Central Bank.

18 Feb 2017

China to suspend all imports of coal from North Korea

SHANGHAI China will suspend all imports of coal from North Korea starting Feb. 19, the country's commerce ministry said in a notice posted on its website on Saturday, as part of its efforts to implement United Nations sanctions against the country.

6:48pm IST
World Markets

BRIEF-Modison Metals declares interim dividend of 100 pct on equity shares

* Says declares interim dividend of 100 percent on equity shares Source text: http://bit.ly/2ldqsqf Further company coverage:

17 Feb 2017

UPDATE 1-UK Stocks-Factors to watch on Feb 17

(Adds futures, company news items) Feb 17 Britain's FTSE 100 index is seen opening flat at 7278 points on Friday, according to financial bookmakers , with futures up 0.02 percent ahead of the cash market open. * The blue-chip FTSE 100 index ended the day down 0.3 percent at 7,277.92 points on Thursday, in line with a broader decline among European indexes. The FTSE dropped 28.46 points, of which 27.64 were due to ex-divs, according to Reuters calculations. * ESS

17 Feb 2017

UPDATE 1-European shares retreat after 7 sessions of gains, Cobham plunges

* Air France rallies after strong update (Adds details, closing prices)

Hong Kong stocks ease as investors book profits

Feb 17 Hong Kong stocks fell on Friday, as capital inflows from the mainland took a breather and investors locked in profits after the main index closed at an 18-month high the previous session.

17 Feb 2017
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