Markets News

A trader holds on to a phone on the floor of the New York Stock Exchange December 5, 2008. REUTERS/Shannon Stapleton/Files

Wall St edges lower on China policy concerns

Reuters - 07:35 PM

U.S. stocks fell at the open on Monday, weighed by persistent concerns over a possible monetary tightening in China that could slow the global recovery from recession.

  • A man makes a transaction at an automated teller machine (ATM) in Athens February 26, 2010. REUTERS/ Yiorgos Karahalis/Files
    EU exec to put Greek plan to finmins, Germany doubtful Reuters - 07:24 PM

    The European Union's executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.

  • A trader holds on to a phone on the floor of the New York Stock Exchange December 5, 2008. REUTERS/Shannon Stapleton/Files
    Wall St to slip at open on China policy concerns Reuters - 07:00 PM

    U.S. stocks were set to slip at the open on Monday, weighed by persistent concerns over a possible monetary tightening in China that could slow the global recovery from recession.

  • India's Finance Minister Pranab Mukherjee speaks during a business meeting in New Delhi in this July 7, 2009 file photo. REUTERS/Vijay Mathur/Files
    Pvt investment to drive 9 pct growth in FY12: Pranab Reuters - 06:50 PM

    Finance Minister Pranab Mukherjee said on Monday that private investment demand will drive 9 percent economic growth in the financial year 2011/12.

  • A model presents a creation from the Tommy Hilfiger 2010 collection during New York Fashion Week February 18, 2010. REUTERS/Shannon Stapleton
    Phillips-Van Heusen to buy Tommy Hilfiger for $3 billion Reuters - 06:47 PM

    Apparel company Phillips-Van Heusen Corp said it will buy fashion brand Tommy Hilfiger in a cash and stock deal for about $3 billion in a bid to boost its presence in markets like Europe and Asia.

  • An investor gestures in front of an electronic board with stock information at a brokerage house in Huaibei, Anhui province March 15, 2010. REUTERS/Stringer
    Central banks, Brussels meetings hit stocks Reuters - 06:28 PM

    Concerns about monetary tightening in China and caution ahead of U.S. and Japanese central bank policy meetings this week weighed on financial markets on Monday, weakening stocks.

  • A camel walks on Jumeirah's popular tourist beach in front of tower blocks in Dubai, November 28, 2009. REUTERS/Steve Crisp/Files
    Dubai unlikely to need more c.bank aid - report Reuters - 06:16 PM

    Dubai, which is gearing up to give creditors a plan on repaying $26 billion in debt, is not likely to need more help from the United Arab Emirates central bank, its governor was quoted as saying on Monday.

  • A bank employee counts bundles of Indian currency at a cash counter in Agartala, July 7, 2009. REUTERS/Jayanta Dey/Files
    Rupee eases to more than 1-wk low on dlr rise Reuters - 05:54 PM

    The rupee eased to its lowest in more than a week on Monday, as the dollar's rise against the euro triggered buying in the U.S. currency by importers.

  • A cashier checks Indian currency notes inside a bank in Agartala, July 24, 2009. REUTERS/Jayanta Dey/Files
    Cash rates end steady post-adv tax outflows Reuters - 05:36 PM

    Indian overnight cash rates closed little changed on Monday after having risen earlier in the session as banks borrowed funds to meet demand from corporates, who needed cash for making quarterly advance tax payments.

  • A man makes a transaction at an automated teller machine (ATM) in Athens February 26, 2010. REUTERS/ Yiorgos Karahalis/Files
    EU finmins to discuss Greek aid, Germany sceptical Reuters - 05:33 PM

    Euro zone finance ministers on Monday will look at how to give Greece financial aid should it ask for help, but there were signs France and Germany were holding out on making concrete commitments.

  • The Bombay Stock Exchange (BSE) building is seen in Mumbai in this May 22, 2006 file photo. REUTERS/Punit Paranjpe/Files
    BSE Sensex ends flat; banks down; techs rise Reuters - 05:19 PM

    The BSE Sensex erased early losses and closed barely changed on Monday, after better quarterly corporate advance tax numbers erased losses triggered by weak world markets and higher domestic inflation data.

  • A customer fuels her car with unleaded petrol at a Morrisons supermarket in Coalville, central England, in this October 2008 file photo. REUTERS/Darren Staples
    Oil eases below $81 on firm dollar; eyes China, Fed Reuters - 04:38 PM

    Oil fell below $81 a barrel on Monday, pressured by a strengthening dollar ahead economic data from the United States, an OPEC meeting this week and China's looming bank credit rate decision.

  • OUTLOOK - India gold futures seen extending losses Reuters - 04:19 PM

    India gold futures may extend losses this week weighed by expectations of a strong dollar, with investors awaiting the Federal Reserve policy meeting decision and its views on the economy, analysts said.

  • A man makes a transaction at an automated teller machine (ATM) in Athens February 26, 2010. REUTERS/ Yiorgos Karahalis/Files
    EU finmins to discuss Greek aid, no firm figures seen Reuters - 04:15 PM

    Euro zone finance ministers are expected to agree a way of providing Greece with financial aid to tackle its debts on Monday, but France warned not to expect any hard figures and there remained barriers to a deal.

  • LIC pays 8.64 bln rupees advance tax - official Reuters - 04:12 PM

    The government owned Life Insurance Corp of India (LIC) has paid 8.64 billion rupees ($189 million) as advance tax for the March quarter, compared with 8.1 billion rupees a year ago, an income tax department source said on Monday.

  • Citi names Keshav Sanghi India equities head Reuters - 03:44 PM

    Citigroup said on Monday it named Keshav Sanghi as head of India equities, just two months after he joined the firm as head of sales and deputy head of equities for its Indian business.

  • UBS investment bank co-head gets paid 13 mln Sfr Reuters - 03:43 PM

    UBS, under fire at home over executive compensation, paid top managers a total of 69 million Swiss francs ($65.2 million) in 2009, Switzerland's largest bank by assets said on Monday.

  • BSE Sensex provisionally closes up 0.05 pct Reuters - 03:38 PM

    The BSE Sensex provisionally closed 0.05 percent higher on Monday, after better quarterly corporate advance tax numbers erased losses triggered by weak world markets and higher domestic inflation data.

  • An investor drinks tea as he passes in front of an electronic board showing stock information at a brokerage house in the financial district of Beijing in this November 2008 file photo. REUTERS/David Gray
    GLOBAL MARKETS - Central bank, Brussels meetings prompt caution Reuters - 03:17 PM

    Concerns about monetary tightening in China and caution ahead of U.S. and Japanese central bank policy meetings this week weighed on financial markets on Monday, weakening stocks.

  • A salesman displays gold bangles for the camera inside a jewellery shop in Chennai in this September 2009 file photo. REUTERS/Babu
    Gold rises above $1,100/oz on sovereign debt fears Reuters - 03:06 PM

    Gold prices rose back above $1,100 an ounce in Europe on Monday as concern over sovereign debt fuelled buying of the precious metal as a haven from risk, with technical factors also supporting the market.

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