Gold slides to eight-month low as U.S. rate rise looms| Reuters
Jul 18, 2015 at 00:15 | Source:
NEW YORK/LONDON Gold fell to an eight-month low on Thursday after the U.S. Federal Reserve's reiteration that interest rates were likely to rise this year pushed the dollar index to a seven-week high.Stocks worldwide rose on strong corporate earnings...
IMF lowers global growth forecasts, cites U.S. weakness| Reuters
Jul 10, 2015 at 00:15 | Source:
WASHINGTON The International Monetary Fund on Thursday trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States.But the global financial institution said growth prospects fo...
India to beat China again as fastest-growing in 2016: IMF
Jul 09, 2015 at 20:56 | Source:
Washington: India will be the world's fastest growing economy for the second consecutive year in 2016 at 7.5 percent, IMF today said, even as it lowered its current year global economy growth forecast to 3.3 percent.In its World Economic Outlook Upda...
Wall St sharply lower on China fears; NYSE suffers outage| Reuters
Jul 09, 2015 at 02:30 | Source:
U.S. stocks ended sharply lower on Wednesday as market turmoil in China eclipsed Greece's debt crisis, while the New York Stock Exchange suffered a major outage.Fears that a rout in Chinese stocks could seriously harm the country's economy and spread...
Wall St lower on China fears; NYSE back to business| Reuters
Jul 09, 2015 at 01:30 | Source:
U.S. stocks fell more than 1 percent in afternoon trading on Wednesday as market turmoil in China eclipsed Greece's debt crisis, while trading on the New York Stock Exchange resumed after a three-hour halt.Wall Street maintained its losses after the ...
U.S. trade deficit widens; weakness abroad fuels export drop | Reuters
Jul 08, 2015 at 01:45 | Source:
WASHINGTON The U.S. trade deficit widened in May, fueled by a drop in exports that could heighten concerns over weak overseas demand and a strong U.S. dollar.The Commerce Department reported on Tuesday that the trade gap grew $1.2 billion to $41.9 bi...
Wall Street falls as Grexit fears grow, volatility spikes| Reuters
Jun 30, 2015 at 00:45 | Source:
U.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.All three major indexes fell more than 1 per...
Greek drama not likely to waylay Federal Reserve | Reuters
Jun 29, 2015 at 23:15 | Source:
WASHINGTON The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve's likely September rate hike off course, said former Fed officials and outsid...
GDP to grow 8% in FY16; hit $3 trn mark in five years, says Panagariya
Jun 29, 2015 at 20:55 | Source:
New Delhi: India's growth rate is expected to accelerate to 8 percent in the current financial year and the economy will surpass $3 trillion mark in less than five years, NITI Aayog Vice chairman Arvind Panagariya said today."I will be greatly d...
Wall Street opens lower as Greece deal optimism fades| Reuters
Jun 24, 2015 at 23:45 | Source:
REUTERS - Wall Street opened lower on Wednesday after a setback in Greece's debt talks even as data showed that the U.S. economy's first-quarter contraction was smaller than earlier thought. Greek Prime Minister Alexis Tsipras has attacked the stance...
Wall Street dips but indexes on track for best week in two months| Reuters
Jun 19, 2015 at 23:45 | Source:
REUTERS - U.S. stocks were down in early afternoon trading on Friday, a day after a strong rally pushed the Nasdaq Composite index to a record high, but the major indexes were still on track for their strongest weekly performance in about two months....
Asian shares edge higher after Fed vote, China, Greece eyed| Reuters
Jun 19, 2015 at 09:30 | Source:
HONG KONG Asian shares rose for a third consecutive day on Friday, and the dollar remained on the back foot against the region's currencies as investors bet U.S. interest rates will not as rise quickly as expected."This removes a source of uncer...
Preview - Fed eyes mixed bag of data as new rate regime nears| Reuters
Jun 18, 2015 at 00:15 | Source:
WASHINGTON The U.S. Federal Reserve is meeting with the possibility of an interest rate hike squarely on the table, but with a different issue center stage: Is the worst of 2015 over?After watching the U.S. economy contract in the first quarter, cent...
Gold hit by strong U.S. data, but poised for weekly gain| Reuters
Jun 13, 2015 at 01:45 | Source:
SINGAPORE Gold clung to overnight losses on Friday, hurt by strong U.S. economic data that bolstered prospects of higher interest rates, but the metal looked set to snap a three-week losing streak on earlier gains from a softer dollar.Bullion's failu...
European stocks extend gains, dollar lifted by Fed feelings| Reuters
Jun 12, 2015 at 01:45 | Source:
LONDON European shares saw fresh gains on Thursday after their best day in over a month and as bets that the United States could be edging towards its first interest rate rise kept upward pressure on global bond yields and the dollar.At the other end...
OECD indicator slips further for U.S. economy| Reuters
Jun 09, 2015 at 00:45 | Source:
PARIS U.S. economic growth is showing further signs of weakening while a recovery is gaining traction in euro zone countries such as France and Italy, the Organisation for Economic Co-operation and Development said on Monday.The OECD's monthly leadin...