Global Markets

China selloff pressure Asia stocks, yuan jumpy before IMF decision


TOKYO An extended selloff in Chinese stocks pulled down Asian markets on Monday, while the yuan bounced on suspected intervention by Beijing hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.

Fed to take up 'too big to fail' emergency lending curb

WASHINGTON The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008.

5:07am GMT

U.S. holiday sales on track amid online boost: NRF survey

U.S. holiday shopping is on track for a modest 3.7 percent rise this year after strong turnout during the Thanksgiving and Black Friday weekend and thanks to strong online sales, the National Retail Federation said on Sunday after releasing an annual consumer poll.

9:22am GMT

Oil dips on firm dollar, ahead of OPEC meeting

SINGAPORE Oil dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected U.S. interest rate hike strengthened the dollar.

7:46am GMT

Japan output, retail sales rise, sign of gradual pickup from recession

TOKYO Japan's industrial output rose for a second straight month in October and retail sales grew much faster than expected - a tentative sign of the economy's recovery from a recession.

6:30am GMT

IMF's yuan inclusion signals less risk taking in China

SHANGHAI/NEW YORK When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.

1:28am GMT
World Markets

US STOCKS-Wall St ends flat; Disney, retailers dip on sales worries

* Indexes: Dow down 0.08 pct, S&P up 0.06, Nasdaq up 0.22 pct (Updates with closing prices, volume)

Nikkei slips amid China concerns but gains in November

TOKYO, Nov 30 Japanese shares eased on Monday as Chinese stocks continued to slide and data showed that Japan's industrial production fell short of expectations in October.

Hong Kong shares dip, but recovery in mainland market calms jitters

Nov 30 Hong Kong stocks dipped on Monday, with investor sentiment soothed after mainland markets ended a volatile session in positive territory.

8:14am GMT
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