reuters_logo
Home / Global Markets News (page 31)

Global Markets News

Eyes on the dollar with stocks out of the hole

U.S. stock market investors will be watching currency markets next week for signs that the recent, related trends of a weakening dollar and a strengthening stock market will continue. After a historically bad start to the year, the Dow and S&P 500 both moved into positive territory this week, in …

Read More »

U.S. prosecutors, Apple to bring witnesses to hearing on locked iPhone

The U.S. government and Apple Inc (AAPL.O) will be able to cross-examine the other’s witnesses in a court hearing next week on whether the technology company must help federal investigators unlock an encrypted iPhone tied to one of the San Bernardino killers, Apple said. The hearing, set for Tuesday, is …

Read More »

Toshiba U.S. units probed, report says Westinghouse writedown possible

Japan’s Toshiba Corp (6502.T) is considering a large writedown for its Westinghouse nuclear power unit, a newspaper report said on Friday, while the company confirmed that U.S. authorities are probing accounting at its U.S. units. The developments cast a shadow over Toshiba’s efforts to draw a line under last year’s …

Read More »

U.S. oil hits 2016-high on hopes for output freeze

U.S. oil futures touched new highs for 2016 on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices. U.S. crude CLc1 was up 5 cents at $40.25 barrel …

Read More »

Asia stocks, oil jump as dollar sags after Fed

Asian shares edged higher on Friday, oil touched a 2016 high and the U.S. dollar weakened as investors turned more positive on riskier assets after the Federal Reserve’s cautious stance on further interest rate increases. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.9 percent, entering positive territory …

Read More »

Chinese hedge funds scramble as regulators clean up ‘Wild East’

China’s hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. Domestic and foreign hedge fund managers are scrambling to secure legal advice, hire …

Read More »

With or without Iran, oil producers to meet in April on output deal

Oil producers including Gulf OPEC members support holding talks next month on a deal to freeze output even if Iran declines to participate, OPEC sources said, as political pressure to prop up prices increases. OPEC and non-OPEC producers will meet in Doha on April 17, Qatari Energy Minister Mohammed bin …

Read More »

Fed seen holding rates steady as it faces fine balancing act

The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it balances continued concerns about the health of the global economy with fresh signs that domestic inflation is starting to rear its head. The central bank, which hiked rates in December for the first time in …

Read More »