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Global stocks sagged on Friday as investors brushed off monetary stimulus measures by China, Europe and Britain as insufficient to reverse a global economic slowdown and attention turned to the monthly US jobs report.
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The head of the International Monetary Fund expressed concern on Friday at a deterioration in the global economy, saying the outlook has become more worrying as developed and big emerging nations show signs of slowing down.
SEOUL — South Korea’s Samsung Electronics said Friday it expects a record operating profit of 6.7 trillion won ($5.9 billion) in the second quarter, amid strong sales of its mobile devices.
MUMBAI — India’s cash-strapped Kingfisher Airlines said on Thursday that it plans to start selling some unused real estate to raise much-required funds.
LONDON — Markets dropped Thursday after a surprise rate cut from China spooked investors into worrying that the downturn in the world’s second-largest economy may be bigger than they had expected.
NEW YORK - Wall Street was set for a slightly lower open on Thursday in the wake of a slew of economic data and moves by global central banks to provide further monetary stimulus.
LONDON - European shares and commodities rose on Thursday after China surprised markets by cutting its key interest rates and the European Central Bank followed with a widely-expected rate cut to tackle a downturn in economic activity.
HONG KONG — Asian markets were mixed Thursday as investors took to the sidelines following recent gains and waited for a European Central Bank meeting amid expectations of an interest rate cut.
TOKYO — Moody’s on Thursday upgraded its rating on Nissan Motor, citing its profitability and global market position after the automaker bucked a trend of falling profits among Japanese car giants.
LONDON/SHANGHAI - Copper rose on Thursday after China trimmed interest rates, but the move was tentative ahead of a European Central Bank meeting that is expected to cut rates and may revive stimulus measures that could boost economic growth and metals demand.
