Global Markets News

Mexico, Canada shun NAFTA autos counteroffers: sources


MEXICO CITY Divisions over updating the NAFTA trade deal showed no sign of easing on Sunday as Mexico and Canada signaled they would not offer counterproposals to U.S. demands for far stronger automotive content rules, people with knowledge of the talks said.

Despite Amazon, brick stores are not dead yet

NEW YORK Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

18 Nov 2017

Euro slides after German coalition talks break down

SINGAPORE The euro hit a two-month low against the yen on Monday, as German Chancellor Angela Merkel's efforts to form a three-way coalition government failed, raising concerns over political uncertainty in the euro zone's largest economy.

6:31am IST

Asia stocks falter as weakness in China markets dim mood

TOKYO Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse.

9:40am IST

Goldman Sachs sees Fed raising rates four times in 2018

NEW YORK Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year.

7:12am IST

UK commits billions to 'industries of future' to ward off Brexit shocks

LONDON Prime Minister Theresa May on Monday announced 4 billion pounds ($5.28 billion) of spending on research and development and regional growth strategies, setting out plans to help the economy grow after Brexit.

5:33am IST
World Markets

BRIEF-India's Provestment Services Sept-qtr profit falls

* Sept quarter profit 1.2 million rupees versus profit 5.5 million rupees year ago

17 Nov 2017

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

Nov 17 Britain's FTSE 100 index is seen opening down 10 points at 7,377.1 on Friday, according to financial bookmakers, with futures down 0.22 percent ahead of the cash market open.

17 Nov 2017

UPDATE 2-Recovery rally for European stocks leaves oil sector behind

* Energy stocks fall after Norway wealth fund proposes oil stocks exit

UPDATE 2-Chongqing Steel creditors agree to debt-for-equity swap

* Comes as indebted companies face rising debt-servicing costs

17 Nov 2017
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