Global Markets

Europe woes and U.S. rate hike prospects depress stocks, boost dollar


TOKYO - Asian stocks sagged and the dollar stood tall on Wednesday on growing prospects the Federal Reserve was on track to raise interest rates later this year and concerns that financial woes could engulf Spain in addition to Greece.

Wall St. drops on rate concerns, Greece

- U.S. stocks fell on Tuesday, pushing the S&P 500 to its biggest decline in three weeks, weighed down by concerns about Greece and some upbeat data that fueled expectations that a U.S. rate hike could come sooner rather than later. | Video

12:06am BST

Many members say risks to prices are tilted to downside: BOJ minutes

TOKYO - Many Bank of Japan board members said risks to consumer prices are tilted to the downside due to uncertainty about long-term inflation expectations, consumer spending, and the output gap, minutes of the central bank's April 30 policy meeting showed on Wednesday.

2:04am BST

Fed's Lacker says letting banks fail will restore market discipline

BATON ROUGE, La. - Policymakers must ensure that financial industry creditors do not expect government bailouts and must be willing to let firms fail in order to restore market discipline, a top Federal Reserve official said on Tuesday.

1:11am BST

Greece and creditors play down fears of imminent default

ATHENS/BRUSSELS - Greece and its European creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week.

26 May 2015

Solid business spending plans offer ray of hope for factories

WASHINGTON - A gauge of U.S. business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a long spell of weakness.

26 May 2015
World Markets

UK Stocks-Factors to watch on Tuesday May 26

LONDON, May 26 - Britain's FTSE 100 index is set to edge higher at the open on Tuesday, with financial bookmakers seeing the index opening up 4 to 8 points, or 0.1 percent higher, and futures up 0.2 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on

US STOCKS-Wall St drops on rate concerns, Greece

* Indexes down: Dow 1.04 pct, S&P 1.03 pct, Nasdaq 1.11 pct (Updates to close)

European shares stumble on Spanish and Greek worries

LONDON, May 26 - European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares.

Nikkei up for 8th day, but low volumes may portend imminent correction

TOKYO, May 26 - Japanese stocks edged up in a choppy session on Tuesday, with the eighth day of gains underpinned by optimism about the economy's recovery. The Nikkei 225 ended 0.1 percent higher at 20,437.48 after flitting between positive and negative territory during the session. Although the subdued activity raised the risk of profit-taking, the Nikkei's eight-day gains marked its longest winning streak since last August. The broader Topix was flat at 1,659.57, with o

Hong Kong shares rise on hopes for new inflows from the mainland

May 26 - Hong Kong shares flirted with seven-year highs on Tuesday, as investors returning from Monday's holiday piled into stocks after Beijing's newly-unveiled cross-border investment scheme fuelled expectations of more money inflows from the mainland.

26 May 2015
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