Global Markets

Fed expected to push ahead with rate hike plan


WASHINGTON - The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September.

Upbeat earnings lift European stocks ahead of Fed

LONDON - European equities advanced on Wednesday, spurred by strong corporate earnings and gains in U.S. and Asian markets on hopes that Beijing could stem the rout in its markets without damage to the world's second biggest economy.

9:56am BST

U.S. mortgage applications edged up last week: MBA

SAN FRANCISCO - Applications for U.S. home mortgages edged up last week while borrowing rates moved lower, an industry group said on Wednesday.

12:22pm BST

Pacific partners may discuss currency rules along with trade deal

LAHAINA, Hawaii - Pacific Rim trading partners might convene a top-level forum to discuss how to stop countries manipulating currencies for competitive advantage, Australian Trade Minister Andrew Robb said on Tuesday.

7:58am BST

Greek PM says will not implement measures beyond those set at summit

ATHENS - Greek Prime Minister Alexis Tsipras said on Wednesday that his government would not implement reform measures beyond what was agreed with lenders at a euro zone summit earlier this month.

12:26pm BST

China stocks bounce back as intervention restores stability

SHANGHAI/HONG KONG - Chinese shares bounced back more than 3 percent on Wednesday, as Beijing's latest efforts to prop up values restored a measure of stability to its unruly stock market.

10:46am BST
World Markets

Peugeot motors higher as European stock markets advance

LONDON, July 29 - European shares climbed on Wednesday, with carmaker Peugeot among the best-performers, as some strong corporate results and further signs of bid activity lifted the region's stock markets.

US STOCKS-U.S. futures higher ahead of Fed statement

July 29 - U.S. stock index futures rose on Wednesday on hopes that Beijing could stem the rout in its markets and ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike.

European stock markets advance, Italcementi surges

LONDON, July 29 - European shares rose on Wednesday, lifted by strong corporate results and bid activity including HeidelbergCement's move to take control of Italcementi.

Nikkei edges lower as Fanuc, Tokyo Electron weigh; Fed in focus

TOKYO, July 29 - Japan's Nikkei share average fell on Wednesday hit by sharp falls in Fanuc Corp and Tokyo Electron after they cut their full-year forecasts, while the market awaited a policy decision from the U.S. Federal Reserve.

Hong Kong shares rise on Chinese market rebound

HONG KONG, July 29 - Hong Kong shares rose on Wednesday, cheered by a rebound in shares on the mainland in afternoon trade which halted a three-day losing streak.

9:08am BST
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