Dollar hits one-week high as focus shifts to Fed, stocks fall

By Ritvik Carvalho LONDON, Feb 21 : The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve’s last policy meeting. World stocks looked set to fall for a third straight day. The dollar index, which measures the […]

Gulf mostly softens, Commercial International Bank buoys Egypt

By Andrew Torchia DUBAI, Feb 20 : Major Gulf stock markets softened on Tuesday, in line with a small pull-back by global bourses and oil prices, but Egypt was buoyed for a second day by strength in its biggest bank. The Saudi stock index rose in early trade but closed 0.3 percent down as Saudi […]

Walmart worries, bond yields threaten six-day winning streak

By Sruthi Shankar Undated, Feb 20 : U.S. stock index futures fell more than half a percent as Wall Street returned from a long holiday weekend on Tuesday, a rise in bond yields and underwhelming results from Walmart halting a six-day winning streak for the major indexes. Shares of the United States’ biggest brick-and-mortar retailer […]

Stocks extend global recovery, set for sixth day of gains

By Ritvik Carvalho LONDON, Feb 19 : World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs. Gains were marginal, however, and scored largely in Asian markets, with Japan’s Nikkei 225 up 2 percent. European markets gave […]

UK shares mixed as Reckitt results disappoint

By Tom Pfeiffer LONDON, Feb 19 : British shares were mixed on Monday as weak results from Reckitt Benckiser underlined the murky growth outlook for big consumer goods makers. Banks extended last week’s gains on the back of rising bond yields. A sustained recovery in lending rates from historic lows would boost their profits — […]

Britain’s FTSE gets back on its feet after four-week losing streak

By Kit Rees LONDON, Feb 16 : The UK’s top share index advanced further on Friday, heading for its first positive week since the middle of January in a tentative recovery following a recent sell-off. The blue chip FTSE 100 index was up 0.8 percent at 7,293.61 points by 1005 GMT, its highest level in […]