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Global Markets News

U.S. home sales increase strongly; inventory remains tight

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WASHINGTON U.S. home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season kicks off.

Wall Street edges lower as tech stocks, bond yields weigh

NEW YORK Wall Street fell into negative territory on Monday as signs of soft smartphone demand took a toll on tech stocks and a rise in bond yields dented demand for equities, offsetting optimism on earnings. | Video

12:44am IST

U.S. extends deadline for Rusal sanctions, aluminum prices dive

WASHINGTON/MOSCOW The United States on Monday gave American customers of Russia's biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company Rusal Plc's major shareholder, Russian tycoon Oleg Deripaska, ceded control of the company.

23 Apr 2018

EU seeks to join U.S.-China steel dispute at WTO

BRUSSELS The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminum, just over a week before U.S. President Trump decides whether they should apply to Europe.

12:13am IST

U.S. Supreme Court divided over challenge to SEC in-house judges

WASHINGTON U.S. Supreme Court justices on Monday appeared divided over a challenge to the constitutionality of the Securities and Exchange Commission's selection of in-house judges to enforce investor protection laws in a case involving a former radio host and investment adviser backed by the Trump administration.

12:18am IST

Offshore rig operator Borr Drilling cuts jobs in Texas

HOUSTON Offshore rig operator Borr Drilling cut 66 jobs in Texas at the end of March, according to a state regulatory notice, as the company prepared to close on its purchase of Paragon Offshore.

23 Apr 2018
World Markets

UPDATE 2-European shares supported by financials; UBS disappoints

* Metro sinks as analysts digest Friday profit warning (For a live blog on European stocks, type LIVE/ in an Eikon news window)

UPDATE 2-European shares supported by financials; UBS disappoints

* Metro sinks as analysts digest Friday profit warning (For a live blog on European stocks, type LIVE/ in an Eikon news window)

UPDATE 2-European shares supported by financials; UBS disappoints

* Metro sinks as analysts digest Friday profit warning (For a live blog on European stocks, type LIVE/ in an Eikon news window)

HK shares end lower, led by tech stocks over trade spat worries

* China Enterprises index HSCE falls 0.4 percent IT shares lead the decline, as funds slash ZTE valuations

23 Apr 2018
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