Global Markets

Asian shares offer muted cheer to China growth

Photo

SYDNEY - Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. | Video

Wall Street ends higher as blue chips rally; Intel up late

NEW YORK - U.S. stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq's advance.

15 Apr 2014

Commodity currencies feel the heat as China data looms

SYDNEY - Commodity currencies nursed heavy losses early on Wednesday, while the other major currencies struggled for clear direction as investors kept a nervous eye on developments in Ukraine and ahead of a slew of Chinese economic data.

12:59am BST

China economic growth slows to 18-month low in first quarter

BEIJING - China's economy grew at its slowest pace in 18 months in the first quarter of 2014, official data showed on Wednesday, with signs of waning momentum already prompting limited government action to steady the world's second-largest economy.

3:52am BST

HKMA steps up supervision of banks' credit risk management

HONG KONG, April 16 (RLPC) - The Hong Kong Monetary Authority (HKMA) is stepping up its supervision of Hong-Kong-based banks' credit risk management by asking banks to show stable funding requirements and agree to regular onsite examinations of credit underwriting processes and stress-testing, the HKMA said in a statement.

3:44am BST

U.S. warns China its currency is still undervalued

WASHINGTON - The Obama administration on Tuesday warned Beijing that its currency was too weak and expressed doubt over the Asian giant's resolve to let market forces guide the value of the yuan.

1:33am BST
World Markets

Mixed sales updates, Ukraine crisis cap European shares

LONDON, April 15 - European equity indexes opened broadly flat on Tuesday as the threat of costly sanctions against Russia and mixed sales updates from bellwether consumer groups such as L'Oreal and SABMiller capped appetite for shares.

US STOCKS-Wall St ends higher as blue chips rally; Intel up late

* Dow up 0.6 pct; S&P 500 up 0.7 pct; Nasdaq up 0.3 pct (Updates to close, adds gains in Intel and Yahoo after the bell on results )

Nikkei extends gains, SoftBank jumps on Alibaba earnings

* Bargain hunting after heavy fall last week underpins Nikkei * Market faces headwind from Ukraine, wobbly U.S. momentum shares, doubts on BOJ policy * SoftBank jumps after Alibaba reports strong earnings By Hideyuki Sano TOKYO, April 16 - Japan's Nikkei share average rose on Wednesday after a better performance on Wall Street overnight, with index heavyweight SoftBank soaring after a strong earnings report from its Chinese e-commerce affiliate Alibaba Group Holding Lt

China H-shares fall most in 10 weeks as banks, autos skid

BEIJING, April 15 - Chinese shares listed in Hong Kong suffered their biggest daily drop in 10 weeks, hit by profit-taking in automakers and sharp declines in banks following weak Chinese money supply data.

15 Apr 2014
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