Economy News
ECB rate-hike talk sends short-dated bond yields higher
LONDON Short-term borrowing costs in Germany hit five-week highs on Friday on comments from ECB policymaker Ewald Nowotny that the bank could raise interest rates before the end of bond-buying stimulus in the bloc.
Nifty hits record highs; set to outperform bonds
MUMBAI India's broader NSE stock index hit a record high on Friday, as bets on improving earnings and additional economic reforms are fuelling a rally that investors believe will lead equity returns to outpace debt for the first time in two years.
Global economy weekahead: Three votes down - now for the French
LONDON Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meagre 4.6 percent.
Germany could file WTO suit against U.S. over border tax
BERLIN Germany could file a suit against the United States at the World Trade Organization over President Donald Trump's proposed border tax, the economy minister said on Friday ahead of a meeting between Chancellor Angela Merkel and Trump later in the day.
U.S. manufacturing output increases solidly in February
U.S. factory output increased for a sixth straight month in February, suggesting the manufacturing recovery was gathering speed as rising commodity prices boost demand for machinery and other equipment.
Trump's budget cuts to domestic, aid programs draw Republican scorn
WASHINGTON President Donald Trump's first budget outline, calling for a security-heavy realignment of federal spending, drew resistance on Thursday from his fellow Republicans in the U.S. Congress as many balked at proposed deep cuts to diplomatic and foreign aid programs.
U.S. Treasury's Mnuchin says Trump does not want trade wars
BERLIN U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration has no desire to get into trade wars, but certain trade relationships need to be re-examined to make them fairer for U.S. workers.
Column: Coal India missing output target doesn't matter, mining millions of tonnes more does - Russell
LAUNCESTON, Australia What's more important? The fact the Coal India will once again miss its annual output target, or that it will produce over 31 million tonnes more than it did the previous year?
BOJ chief Kuroda sets high hurdles for tapering, rate hike in wake of Fed move
TOKYO Bank of Japan Governor Haruhiko Kuroda said an uptick in inflation toward 1 percent won't immediately trigger an interest rate hike, signalling that Japan will stick to its ultra-easy policy even as other major economies eye withdrawing stimulus.
Markets
- Asia
- U.S.
- Europe
- Sectors
| DOW | 20,914.62 |
-19.93 |
-0.10% |
| S&P; 500 | 2,378.25 |
-3.13 |
-0.13% |
| NASDAQ | 5,901.00 |
+
0.24 |
+0.00% |
| TR US Index | 211.97 |
-0.18 |
-0.08% |
Sector Summary
| Energy |
-0.05%
|
| Basic Materials |
+0.15%
|
| Industrials |
+0.30%
|
| Cyclical Goods & Services |
+0.03%
|
| Non-Cyclical Goods & Services |
+0.09%
|
| Financials |
-0.48%
|
| Healthcare |
-0.37%
|
| Technology |
+0.08%
|
| Telecoms |
+0.52%
|
| Utilities |
+0.40%
|
Indian drugmakers face squeeze in U.S. healthcare market
MUMBAI India's small and medium-sized generic drugmakers say the threat of tougher rules and higher barriers for outsiders in the U.S. healthcare market will force many to find a niche or focus their expansion efforts on other countries.