Dollar steadies before Fed, Europe slips on Greece
Jan 29, 2015 at 00:52 | Source:
LONDON (Reuters) - Stocks and the dollar retrenched on Wednesday amid speculation the Federal Reserve will take a dovish turn in its post-meeting statement later as signs emerge that the greenback's strength is hurting company profits.Worries that G...
World stock markets flat; euro steadies after Syriza win in Greece
Jan 27, 2015 at 00:30 | Source:
NEW YORK (Reuters) - The euro steadied after losing ground on Monday, suggesting confidence in the ECB's new money-printing program despite Greek election winner Syriza's pledge to take on international lenders.The victory by the Syriza party spurred...
Western diplomats pressure Congo's Kabila to end election law standoff
Jan 24, 2015 at 23:24 | Source:
KINSHASA (Reuters) - Western diplomats met Democratic Republic of Congo President Joseph Kabila on Saturday in a bid to persuade him to drop plans for amending the country's electoral law, officials said, after the measure drew violent protests earli...
BHP Billiton cuts US shale operation as oil price falls
Jan 22, 2015 at 12:02 | Source:
The falling oil price has forced the world's biggest mining company, BHP Billiton, to cut its US shale oil operation by 40%. It is reducing the number of rigs from 26 to 16 by the end of the June. However, BHP said it expected increased producti...
At least four dead in protests over possible Congo election delay
Jan 20, 2015 at 04:15 | Source:
KINSHASA (Reuters) - At least four people were killed on Monday in clashes between security forces and protesters in Democratic Republic of Congo's capital as opposition parties tried to block a change in the law that may delay elections due in 2016....
Wall St cuts losses with energy shares as U.S. oil jumps
Jan 15, 2015 at 02:30 | Source:
NEW YORK (Reuters) - U.S. stocks pared losses in late afternoon trading on Wednesday, led by a bounceback in energy shares as U.S. oil prices settled more than 5 percent higher.The S&P energy index was down 0.7 percent after having fallen more th...
Gold slips from 12-week high as oil, copper tumble
Jan 15, 2015 at 02:15 | Source:
SINGAPORE (Reuters) - Gold struggled on Wednesday to hold near a 12-week high as a rout in commodities such as oil and copper took a toll on the metal, offsetting safe-haven bids arising from global growth concerns.Oil added to losses on Wednesday to...
Sensex falls for second day; ITC, metals hit
Jan 15, 2015 at 00:45 | Source:
MUMBAI (Reuters) - The BSE Sensex fell for a second straight session on Wednesday, led by declines in ITC Ltd(ITC.NS) after the government proposed to amend anti-smoking laws, including banning the sale of loose cigarettes.Sentiment was also hit as m...
Wall St extends losses, hit by global growth concerns
Jan 15, 2015 at 00:30 | Source:
NEW YORK (Reuters) - U.S. stocks fell on Wednesday, on track for a fourth day of losses, as a World Bank forecast sparked concerns about weak economies and December U.S. retail sales missed expectations.The S&P 500 broke below its 120-day moving ...
Markets slump on gloomy growth outlook
Jan 14, 2015 at 23:45 | Source:
LONDON (Reuters) - Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fuelling fears that the benefits of cheaper oil may be offset by anaemic economies and the threat of deflation....
Wall St down with materials, energy after reversing early gain
Jan 14, 2015 at 05:15 | Source:
NEW YORK (Reuters) - U.S. stocks fell in afternoon trading on Tuesday, reversing earlier gains of more than 1 percent, led by a drop in materials and energy shares as commodity prices fell further.The S&P 500 around midday broke below its 50-day ...
Oil weighs on U.S. stocks; ECB hopes boost Europe
Jan 14, 2015 at 03:45 | Source:
NEW YORK (Reuters) - The U.S. stock market closed lower for a third straight session on Tuesday, reversing earlier gains as continued weakness in oil spurred further selling in the energy sector, while the U.S. dollar rose on hopes for stimulus from ...
Global stocks cut gains in volatile session as oil falls
Jan 14, 2015 at 02:45 | Source:
NEW YORK (Reuters) - Stock markets around the world edged higher on Tuesday on investor hopes for economic stimulus from the European Central Bank, though Wall Street turned negative as crude oil continued to fall.Oil hit a near six-year low as the U...
Stock markets rally on ECB hopes, oil falls further
Jan 14, 2015 at 02:30 | Source:
NEW YORK (Reuters) - Stock markets around the world rallied on Tuesday, rebounding from recent weakness on investor hopes for new economic stimulus measures from the European Central Bank and on strong early readings on the U.S. earnings season.Despi...
Stock markets recover from recent weakness; oil still down
Jan 14, 2015 at 00:30 | Source:
NEW YORK (Reuters) - Stock markets around the world rose on Tuesday, rebounding after a recent bout of weakness as investors bet that there would be economic stimulus measures from the European Central Bank and as early reads on the U.S. earnings sea...
Vedanta's Anil Agarwal open to merging Cairn, HZL with Sesa Sterlite
Jan 11, 2015 at 16:44 | Source:
Jaipur: Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton.In an interview to PTI, Agarwal, the ebul...