BEIJING - China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in California, the bank said on Saturday.
NEW YORK - World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
NEW YORK - U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.
NEW YORK - The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for further monetary easing soon.
NEW YORK - GameStop Corp's shares fell 13 percent on Friday, a day after the company posted disappointing quarterly results, and its options attracted bearish bets as traders appeared to be preparing for a further slide in the share price over coming months.
LONDON, Nov 21 - Euro zone indexes were set for their first weekly gain this month as they rose early on Friday, with traders awaiting speeches from European Central Bank policymakers for clues as to whether more stimulus may be under way.
* Wall St rallies in broad advance, indexes up 5th straight week
* FTSEurofirst 300 led higher by miners and euro zone banks
TOKYO, Nov 21 - Japanese stocks edged up on Friday after Prime Minister Shinzo Abe dissolved parliament's lower house in preparation for an election in which he will seek a fresh mandate for his struggling economic revival strategy. The Nikkei average recouped early losses to end 0.3 percent higher at 17,357.51 points. For the week, it fell 0.8 percent, the first weekly drop in five weeks. The broader Topix gained 0.2 percent to 1,400.18, while the JPX-Nikkei Index 400 rose
SHANGHAI, Nov 21 - Hong Kong shares snapped a four-day losing streak on Friday as profit-taking pressure eased, but ended lower on the week despite the highly-touted launch of a landmark link between the Hong Kong and Shanghai exchanges.
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