Stocks

  Bloomberg Caution rippled through emerging markets on Friday as traders weighed the impact on risk assets from comments by Federal Reserve policy makers about the timing of an interest-rate increase in the U.S. Assets from developing-nation currencies to global stocks gyrated after Fed Chair Janet Yellen spoke to central bankers and economists in Jackson Hole, Wyoming. While she didn’t …

  New York / Bloomberg U.S. stocks fluctuated amid a batch earnings after erasing an early decline, while investors awaited clues on the path of interest-rate increases before a speech by Federal Reserve Chair Janet Yellen on Friday. HP Inc. sank 4.9 percent after forecasting earnings that may miss analyst projections. Signet Jewelers Ltd. dropped 14 percent as its profit …

  Bloomberg Oil traded near the lowest close in a week as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand period approaching its end. Futures were little changed in New York after falling 2.8 percent on Wednesday. Inventories rose by 2.5 million barrels last week, according to the …

  London / AFP European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data. Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said. Gross domestic product (GDP) grew by 0.4 percent between …

  London / AFP Oil prices fell on Wednesday, with Brent stuck below $50, after data showed an increase in US crude stockpiles, adding to supply glut concerns. Data from the American Petroleum Institute (API) Tuesday showed US crude inventories rose by 4.5 million barrels last week. Rising stocks indicate weaker demand in the world’s top oil consuming nation and …

  Hong Kong / AFP Energy firms sank in Asian trade on Tuesday as oil prices extended the previous day’s sharp losses due to profit-taking after a recent rally and fresh worries about a global oversupply. Even a fall in the dollar, which usually makes crude cheaper, could not stop the slide in the commodity after Iraq flagged a pick-up …

  London / AFP European stock markets rebounded on Tuesday, with some support coming from slightly improving eurozone data. The single currency’s economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday. Around 1000 GMT, Frankfurt’s DAX 30 stocks index was 0.9-percent higher and the Paris …

  London / AFP Eurozone stock markets rose on Monday looking ahead to a key meeting of central bankers at the end of the week, but London retreated on heavy falls for heavyweight mining shares. Around 1000 GMT, London’s benchmark FTSE 100 was down 0.4 percent compared with the close on Friday. In the eurozone, Frankfurt’s DAX 30 rose 0.3 …

  Tokyo / AFP Tokyo stocks closed higher on Monday on a weaker yen after the vice chairman of the Federal Reserve talked up the US economy while the Bank of Japan’s boss indicated there could be fresh easing measures next month. In the US, Stanley Fischer on Sunday said the world’s top economy had met the bank’s targets and …

Bloomberg Nigeria is looking for investments of $7 billion in mining and steel over the next decade as it seeks to develop gold and iron ore extraction industries to diversify its oil-dependent economy. One of the government’s priorities is to meet its annual steel demand of 6.8 million metric tons, from a current output of a third of that, produced …