Latest World Markets News
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REPEAT-GLOBAL MARKETS-Asian stocks tumble on weak China PMI Fed policy plan
Wed Jun 19, 2013 11:03pm EDT * MSCI Asia ex-Japan slides 2.8 pct to 9-month low * U.S. Treasury yields hit 15-mth high, underpin dollar * China "flash" PMI hit 9-month lows * Asian credit market spreads widen 23 points By Chikako Mogi TOKYO, June 20 (Reuters) - Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already ...
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Federal Reserve policymaking group has power over economy through control of interest rates
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the FOMC operates. Q: What is the FOMC's primary role? A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or ...
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Japanese Market Tumbles On Wall Street Lead
Stocks tumbled in early trades in the Japanese market on Thursday, with investors indulging in some heavy selling following Wall Street's weak close overnight on the back of a negative reaction to the Fed's statement about an end to its asset purchase program by mid-2014.However, with some front line stocks bouncing back on strong support at lower levels, the market regained some lost ...
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News Wrap Federal Reserve Paints Brighter Economic Picture
In other news Wednesday, the Federal Reserve estimated unemployment will fall a little faster than expected in 2013 and 2014. Also, the Internal Revenue Service is in the spotlight again, this time for its plans to pay bonuses to employees despite a White House directive to stop those payments under automatic spending ...
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The Federal Reserve maintains monetary stance interest rate rise after 2014 diminished downside risks
The Federal Open Market Committee (FOMC) ended its two-day monetary policy meeting on Wednesday and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, while the FOMCs statements had not seen any ...
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Hong Kong stocks hit after Fed before China data
HONG KONG (MarketWatch) -- Hong Kong stocks tumbled early Thursday after the Federal Reserve indicated plans to scale back its bond purchases, with worries about the health of the Chinese economy also weighing on sentiment. The Hang Seng ...
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China manufacturing slowing further in June HSBC
LOS ANGELES (MarketWatch) -- China's manufacturing sector has slowed further in June, according to HSBC's preliminary results from its monthly survey, released Thursday. The "flash" version of HSBC manufacturing Purchasing Managers' Index fell to a nine-month low of 48.3, down from May's final reading of 49.2. A reading below 50 indicates contraction. The subindex ...
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Australia shares drop as Fed comments hit global equities
Wed Jun 19, 2013 9:27pm EDT (Adds details, comments, stocks on the move) SYDNEY, June 20 (Reuters) - Australian shares fell 1.2 percent on Thursday, its largest one-day drop in two-weeks, as global equities tumbled after Federal Reserve Chairman Ben Bernanke confirmed fears the U.S. central bank could begin to scale back its stimulus measures later this year. "What caught the market off ...
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What to watch Bonds may suffer too as Fed shifts
Fed Chairman Ben Bernanke is seen on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange on ...
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Australia stocks hit as Fed talks slower stimulus
LOS ANGELES (MarketWatch) -- Australian stocks fell early Thursday, declining after Wall Street slid following indication from the U.S. Federal Reserve ...
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Japan stocks drop after Fed some auto shares rise
HONG KONG (MarketWatch) -- Japanese stocks fell early Thursday after the Federal Reserve signaled an intention to scale down its bond purchases, although a weakened yen helped support the market. The Nikkei Stock ...
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GLOBAL MARKETS-Asian stocks fall on Bernanke comments China data eyed
Wed Jun 19, 2013 8:33pm EDT * MSCI Asia ex-Japan slips 1.2 pct, Nikkei opens down 1.1 pct * Rising U.S. Treasury yields to underpin dollar * China PMI eyed By Chikako Mogi TOKYO, June 20 (Reuters) - Asian shares tracked the overnight drop in U.S. equities after U.S. Federal Reserve Chairman Ben Bernanke confirmed market fears that the Fed would begin reducing its stimulus later this year as the ...
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Fed economic statement drives fall on Wall Street
Australia Comments by the chairman of the US Federal Reserve have driven a sharp fall on Wall Street overnight.After the Fed issued its eagerly awaited policy statement, giving an upbeat assessment of the US economy and the labour market, Ben Bernanke said during a press conference that the central bank's stimulus measures may be scaled back later this year.He said the bond-buying ...
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Chinese billionaire buys 007s yacht maker
Sunseeker's luxury yachts have been used in various James Bond films, making the iconic brand even more desirable to Chinese firm Dalian Wanda ...
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Much faster Wi-Fi coming soon
The latest Wi-Fi technology, called "802.11ac," offers speeds of up to 1.3 Gigabits per second. That's fast enough to transfer an entire high-definition movie to a tablet in under 4 minutes, share photo albums with friends in a matter of seconds or stream three HD videos at the same time. It's more than double the top speed of the previous standard, known as ...
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Emerging Markets Report Emerging markets currencies dive on Fed
The Mexican peso and other emerging-market currencies dived against the dollar Wednesday after Federal Reserve Chairman Ben Bernanke said the Fed could moderate its asset purchases later this ...
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Sopranos star James Gandolfini dies reports
LOS ANGELES (MarketWatch) -- James Gandolfini, best known for his role of mob boss Tony Soprano in HBO's "The Sopranos," died of a heart attack in Italy, according to media reports Wednesday. Gandolfini, 51, was recently seen in the 2012 film "Zero Dark Thirty," about the hunt for Osama bin ...
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Video Federal Reserve raises its predictions for growth and jobs
Ben Bernanke said the economy is doing well enough that the Federal Reserve is likely to ease back on a bond-buying program that has kept interest rates at record-low rates. The prospect of higher interest rates sent the Dow down more than 200 points. Anthony Mason ...
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Fed Will Keep Buying Bonds for Now Markets Dip
The US Federal Reserve could begin to slow its purchase of bonds later this year with an eye toward ending the programme by mid-2014, Chairman Ben Bernanke said Wednesday. The aim would be to end its bond buying effort as unemployment reaches the vicinity of 7 per cent, he told a press conference as he provided clarity about the status of the programme in place since last year. The US ...
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Wall Streets Taper Dance
Taper, taper, taper! You know you're doing it. It's the newest dance craze among the Fed-obsessed on Wall Street who hang on to every single word uttered by the Chairman. Gyrating wildly not knowing if the central bank would relax its quantitative easing or not, traders have been doing the taper twist and turn for what feels like weeks.Wednesday - finally - The ...
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How the Dow Jones industrial average and other major indexes fared Wednesday
Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year and end them by mid-2014 if the economy improves enough. High-dividend stocks like telecommunications and utilities fell the most. Markets have been making big swings in recent weeks as traders try to anticipate when the Fed will ease back on the ...
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Australian dollar falls to two-year low as US Federal Reserve winds back stimulus
Australia The Australian dollar has fallen to its lowest level for almost two years, dipping below 93 US cents this morning after the US Federal Reserve said it could begin scaling back stimulus measures.The dive came as investors flocked to the safe haven of the US dollar amid fears the withdrawal of stimulus will affect the global economy.The Australian dollar was worth 94.2 US cents last ...
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Federal Reserve Hints At Slowing Bond Purchases
The US Federal Reserve has signalled it is moving closer to slowing its bond-buying programme, which is intended to keep long-term interest rates at record lows. The Fed offered a more optimistic outlook for the US economy and job market, but said it will maintain the pace of its bond purchases for now. Chairman Ben Bernanke said the Federal Reserve could scale back its $85b (£54b) ...
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Cyprus inks deal with Noble Energy on LNG plant
-0.26% and Israeli companies Delek Drilling LP and Avner Oil Exploration LLP to build a liquefied natural gas terminal on the island, according to media reports. Cyprus did not disclose details of the deal. The bailed-out country has hopes its natural-gas riches will lift the economy. Noble, Delek and Avner are also partners in Israel, which Wednesday decided to allow 40% of its natural gas to ...
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Facebook stock jumps in three seconds Nanex
+0.41% stock jumped almost a dollar a share in three seconds Wednesday afternoon, according to Eric Hunsader, CEO of Nanex, a provider of real-time data to traders. In the three seconds starting at 3:33:54 p.m., the social networking company's stock increased from $24.40 a share to $25.19 a share, before quickly dropping back down to $24.40 a share. There were 2 million shares traded in ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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