Global Markets News

China PMI lifts shares, commodities, euro soft ahead of ECB

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LONDON, - Reassuring Chinese factory data and another record high for Wall Street lifted world stocks and commodities on Monday, as markets waited to see how far the European Central Bank will go with policy easing plans this week. | Video

Nikkei hits two-month high on China PMI; Dai-ichi Life dives

TOKYO - Japan's Nikkei share average climbed to a two-month closing high on Monday after strong Chinese factory data lifted sentiment.

3:15am EDT

Dollar firms slightly, ECB expectations pressure euro

TOKYO - The dollar edged up slightly in early Asian trade, while the euro came under pressure as the market braced for further stimulus measures from the European Central Bank this week.

01 Jun 2014

UK's FTSE lifted by mining stocks and AstraZeneca

LONDON - Britain's top equity index inched higher on Monday as a strong Chinese factory report lifted mining stocks and as pharmaceutical group AstraZeneca rose on positive drug data.

4:17am EDT

Nasdaq NLX no longer a startup, ready to take on incumbents

LONDON - Nasdaq OMX's London-based derivatives market no longer considers itself a startup after a year of trading, having won significant market share, and expects to be able to challenge incumbents on new products, its chief executive said.

4:20am EDT

KKR liquidates former Goldman Sachs traders-run hedge fund

NEW YORK - KKR & Co LP said on Sunday it had decided to terminate a hedge fund that invested in stocks which the private equity firm had launched in 2011 after poaching a team of proprietary traders from investment bank Goldman Sachs Group Inc.

12:04am EDT
World Markets

Biota Pharma to cut to two-thirds of workforce

June 2 - Biota Pharmaceuticals Inc said it plans to cut its workforce by about two-thirds and shut down its Melbourne, Australia, facility, following the loss of a key government contract.

Stocks, Healthcare 6:22am EDT

European shares buoyed by upbeat China data

EDINBURGH, June 2 - European shares started the month positively on Monday, buoyed by strong macro data from China that helped to allay concerns surrounding economic growth in the world's biggest metals consumer.

European shares gain after Chinese data

EDINBURGH, June 2 - European shares started the month positively on Monday, buoyed by strong economic data from China that helped to allay concerns about growth rates in the world's biggest metals consumer.

Nikkei hits 2-month high on China PMI; Dai-ichi Life dives

TOKYO, June 2 - Japan's Nikkei share average climbed to a two-month closing high on Monday after strong Chinese factory data lifted sentiment. But Dai-ichi Life Insurance Co Ltd tumbled on news that it is in talks to buy a U.S. life insurance company, with investors wondering how the company would fund the acquisition. The Nikkei ended 2.1 percent higher at 14,935.92, its highest close since April 4. Dai-ichi Life dropped 5 percent and was the fourth most-traded stock by tu

Asian Markets, Stocks 2:14am EDT

Hong Kong shares post best month in 2014, property strong

HONG KONG, May 30 - Hong Kong shares finished their best month this year on Friday, underpinned by strength in property developers and Chinese banks.

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