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Stocks fall on Fed concerns; U.S. oil jumps 8.8 percent

NEW YORK - World stock indexes fell on Monday as a Federal Reserve official's comments added to investor concerns the bank may start raising interest rates in September, while oil prices jumped more than 8 percent, extending their biggest price surge in 25 years. | Video

Recent Business News

Deal reached to end MyFerryLink dispute

PARIS - A deal was reached on Monday to save hundreds of ferry jobs at the northern French port of Calais, the French transport minister said, ending a dispute that has disrupted traffic through the Channel Tunnel linking France and Britain.

8:36pm BST

No 'viable' alternative to QE seen for the ECB - Reuters poll

- The European Central Bank may be running out of road.

FXpert 2:08pm BST

Man Group's China chief assisting police probe - Bloomberg

BEIJING - Chinese authorities have taken Li Yifei, chairwoman of British hedge fund manager Man Group Plc's China unit, into custody to help with a police probe into market volatility, Bloomberg reported on Monday, citing a person familiar with the matter.

3:42pm BST

Exclusive - Citi aims to boost equities franchise amid industry shakeout

NEW YORK - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalise on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. | Video

10:31pm BST

China expands presence in Hong Kong with 45.61 million pound property binge

HONG KONG - The Chinese government has spent at least $70 million buying Hong Kong properties over the past 12 months, official records show, as Beijing expands its presence after mass democracy protests raised tensions in the China-ruled city.

10:08pm BST
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FTSE 100 6,247.94 + 55.91 +0.90%
DAX 10,259.46 -39.07 -0.38%
CAC 40 4,652.95 -22.18 -0.47%
TR Europe 155.05 -0.30 -0.19%
GBP/USD 1.5343 +0.01%
GBP/EUR 1.3681 +0.04%
EUR/USD 1.1211 +0.02%
Gold 1,134.00 -1.50 -0.13%
Oil 48.16 +2.94 +6.50%
Corn 363.75 +0.50 +0.14%