Global market

Walmart Inc-owned Flipkart and Amazon.com Inc’s Indian unit are rushing to rejig ownership structures and rework some key vendor relationships, as they seek to comply with new Indian e-commerce curbs without disrupting their businesses. In late December, India modified rules around foreign direct investment (FDI) in e-commerce, creating additional hurdles for the retail giants. The […]

Morgan Stanley, Fidelity Investments, Citadel Securities LLC and a host of other financial companies have agreed to jointly launch a new low-cost bourse that will compete with the New York Stock Exchange and Nasdaq. In a joint statement on Monday, the companies said the new exchange would look to increase competition, improve operational transparency, reduce […]

World equity markets slipped on Thursday after the U.S. Federal Reserve dashed investor hopes of a more dovish policy outlook, worsening worries of a recession as signs grow that global economic growth is stuttering. Jitters over the Fed’s move to largely keep guidance for additional hikes over the next two years spread from Asia to […]

The United States and China clashed anew at the World Trade Organization on Wednesday, accusing each other of undermining the multilateral trading system, according to texts of speeches at closed-door talks seen by Reuters. U.S. Ambassador Dennis Shea also rejected a comment made by the European Union (EU) on Monday that Washington was at the […]

The U.S. Federal Reserve is expected to raise interest rates on Wednesday, but may cut the number of hikes it anticipates next year and signal an earlier end to its monetary tightening in the face of financial market volatility and rising recession fears. The central bank is due to announce its decision at 2 p.m. […]

U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central bank prepared to start its two-day policy meeting, warning the Fed’s board not to “make yet another mistake” ahead of an expected interest rate hike. The Federal Open Market Committee is expected to raise interest rates for the fourth […]

Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid The MSCI world equity index, which […]

Talks between Egypt and Chinese builder CFLD for a $20 billion development in the new administrative capital have fallen through over disagreements on how to share revenue from the project, Egyptian officials said. Two years of tough negotiations came to an end after Egyptian authorities sent a response to the final proposal by the Shanghai-listed […]

The European Central Bank took the watershed decision to halt its 2.6 trillion-euro ($3 trillion) bond-buying program, capping massive monetary support even though the euro-zone economy looks vulnerable again. Policy makers led by President Mario Draghi confirmed that they’ll stop net purchases this month, ending almost four years of quantitative easing. Signaling it’s still a […]