Author Archives: Editor - Stock Markets News

Oil prices soar on report that UAE offers talks on output cuts

NEW YORK: Oil prices soared Friday, with US crude rebounding from a 2003 low, on reports that OPEC was willing to organize output cuts that could ease the global oversupply. US benchmark West Texas Intermediate for March delivery shot up … Continue reading

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Wall Street Weekahead – Late-day buying could be start of turnaround

By Chuck Mikolajczak NEW YORK (Reuters) – As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end. The S&P 500 <.SPX> is down about 13 percent from its record high … Continue reading

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U.S., UK likely to charge multiple banks in Libor rigging: WSJ

WASHINGTON (Reuters) – American and British regulators are likely to charge several banks with rigging interest rates, including Citigroup, the third-largest U.S. bank, and London-based HSBC Holdings, the Wall Street Journal reported on Friday. The U.S. Commodity Futures Trading Commission … Continue reading

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Oil rockets from 12-year low on renewed talk of OPEC cut

By Barani Krishnan NEW YORK (Reuters) – Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in … Continue reading

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US stocks push higher as oil rebounds, banks rise

A strong rebound in oil prices and a government report indicating that retail sales improved last month helped lift U.S. stocks sharply higher in morning trading Friday. Financial and energy companies were among the biggest gainers as the stock market … Continue reading

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Nasdaq to acquire news distributor Marketwired

NEW YORK (Reuters) – Nasdaq Inc said on Friday it would acquire newswire operator and press release distributer Marketwired LP for an undisclosed sum, adding to the exchange operator’s corporate services offerings. The deal, which is subject to regulatory approval, … Continue reading

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Energy, banks lead Wall St rebound after grueling week

By Aastha Agnihotri REUTERS – Wall Street staged a modest comeback on Friday, led by a rebound in financial and energy stocks, after a punishing, widespread rout this week on concerns about the health of the global economy, and ahead … Continue reading

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Rupee strengthens, but still above 68-mark

Mumbai, Feb 12 (IANS) The Indian rupee halted its downward movement and marginally strengthened on Friday but closed above the 68-mark against the US dollar in the day’s trade — at a level last seen in early September, 2013. It … Continue reading

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Futures higher as oil prices offer some respite

By Aastha Agnihotri (Reuters) – U.S. stock index futures were higher on Friday in tandem with higher oil prices and after a punishing, widespread rout this week due to concerns about the health of the global economy. * Oil prices, … Continue reading

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Gold eyes best week in four years as market turmoil boosts haven appeal

SINGAPORE (Reuters) – Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe haven demand. Stock … Continue reading

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