Global Markets

Fed's Fischer sees inflation rebound, allowing gradual rate hikes


JACKSON HOLE, Wyo. - U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown.

Why reforms don't work so well in Italy

ROME - When Italian Public Administration Minister Marianna Madia tried to take advantage of a reform that should have allowed her to change her residency online, the local council said it couldn't be done.

2:09pm BST

Private sector, workers should tighten belt to save jobs: South Africa president

LEPHALALE, LIMPOPO, SOUTH AFRICA - South Africa's private sector and workers need to tighten their belts to save jobs in Africa's most advanced economy, President Jacob Zuma said on Sunday.

1:17pm BST

China is growing at 'reasonable' pace despite pressures: Premier Li

BEIJING - China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said.

5:53am BST

China fears linger as focus on Fed sharpens

LONDON - Fears over the health of the Chinese economy kept world markets on edge last week and China country will remain in focus, along with the question of whether the Federal Reserve will raise interest rates next month.

10:42am BST

Puerto Rico government delays fiscal reform plan

SAN JUAN - Puerto Rico will delay until Sept. 8 the completion of its fiscal reform plan, the commonwealth's government said on Saturday, citing time spent on contingency disaster planning by the government in the run-up to Tropical Storm Erika. | Video

9:58pm BST
World Markets

UPDATE 1-UK Stocks-Factors to watch on August 28

(Updates futures, adds news) LONDON, Aug 26 - Britain's FTSE 100 index is seen opening around 8 points or 0.1 percent higher on Friday, according to financial bookmakers. Futures were down 0.2 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on * The UK blue-chip index rose 3.6 percent on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by

US STOCKS SNAPSHOT-Wall St ends flat as investors gauge Fed

NEW YORK, Aug 28 - Wall Street ended near flat on Friday after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected.

European shares rise but still face worst month in 4 years

LONDON, Aug 28 - European stocks closed out a rollercoaster week with modest gains on Friday, although a leading regional equity index was still on track for its worst month in four years due to underlying concerns over China.

Nikkei extends rally, ends up 3 pct but still down in turbulent week

TOKYO, Aug 28 - Japanese stocks extended a rally on Friday as investors took heart from strong U.S. economic data and further gains on Wall Street, with strength in Chinese markets further helping to calm frayed nerves.

China shares rise sharply on signs of fresh government support

* Local government pension funds seen coming in soon (Adds analyst quote, Hong Kong close, details)

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