European stocks hit a record high on Friday after strong U.S. and China data spurred optimism about a speedy global recovery, while strong results from Germanys Daimler boosted carmakers. The panEuropean STOXX 600 index rose 0.3. The German DAX gained 0.6 to hit an alltime high, while UKs FTSE 100 was up 0.4. Global stocks […]

Londons FTSE 100 rose above the 7,000mark on Friday for the first time since the pandemic pummelled financial markets last year, as speedy vaccine rollouts and government policy support lifted investor sentiment about a stronger economic reopening. The bluechip index climbed 0.3 to 7,005.68, with heavyweight banking, energy, mining stocks that stands to benefit from […]

TOKYO, April 16 Reuters Japanese shares closed slightly higher on Friday as heavyweight chip shares rallied, although concerns around corporate outlook capped the gains. The Nikkei index ended up 0.14 at 29,683.37, while the broader Topix inched up 0.09 to close at 1,960.87. Chiprelated shares gained after Taiwan Semiconductor Manufacturing Ltd TSMC, reported a 19.4 […]

Automakers want Biden team to prioritize chips for cars.

ANKARA, April 16 Reuters Turkeys central bank said on Friday that it banned the use of crypto assets in payments as they entailed significant risks due to volatile market values, irrevocable transactions and are used in illegal actions It is considered that their use in payments may cause nonrecoverable losses for the parties to the […]

Peer benchmarks are emerging as an important requirement for contextualizing trading performance in fixed income markets.

The liquidity surplus in India’s banking system is projected to surge in April and stay at record levels through 1H fiscal 2022.

MOSCOW, April 15 Reuters The Russian rouble pared losses on Thursday, after dropping more than 2 versus the dollar in early trade, as the imminent threat of new U.S. sanctions on Moscow, which may target sovereign debt, were largely priced in by investors. The United States may announce sanctions on Russia as soon as Thursday […]

Gold futures climbed Thursday, with prices poised to log their biggest daily gain since March as benchmark U.S. bond yields pull back and rising U.S. tensions with China and Russia boosted the haven metals appeal to investors. Gold also moved up after a series of good reports on the health of the U.S. economy, which […]

WASHINGTON, April 15 Reuters Production at U.S. factories rebounded in March amid strengthening domestic demand, with output of motor vehicles rising despite a global semiconductor chip shortage that has forced some automakers to cut production. Manufacturing production jumped 2.7 last month after declining 3.7 in February, the Federal Reserve said on Thursday. Manufacturing production remains […]