Global Markets News

Dollar firms as suspense builds, Asia shares dip

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SINGAPORE - The U.S. dollar inched up against major currencies but stayed well off highs on Tuesday as investors cautiously traded expectations of whether Federal Reserve Chairman Ben Bernanke will hint at a sooner than expected reduction in bond-buying stimulus. | Video

Wall Street ends flat on correction worries

NEW YORK - Stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions. | Video

20 May 2013

Dollar reclaims losses after Japan minister clarifies yen comments

TOKYO - The dollar edged up against the yen on Tuesday after a Japanese minister clarified earlier remarks about the yen's weakness that had toppled the greenback from a 4-1/2-year high against the Japanese currency on Monday.

1:57am EDT

Nikkei hits new 5-1/2-year high but pace of gains slow, Bernanke cues eyed

TOKYO - Japan's Nikkei share average edged up to a fresh 5-1/2-year high on Tuesday, reversing earlier losses, as retail investors scooped up underperforming stocks such as Sharp Corp and Tokyo Electric Power Co Inc .

3:08am EDT

Shell feared disaster days before Alaska rig grounding: official

ANCHORAGE, Alaska - Days before a Shell drillship went aground in the storm-tossed Gulf of Alaska, it was clear that towing failures could spell disaster for the vessel, the crew and the marine environment, a company official told a U.S. Coast Guard panel on Monday.

12:28am EDT

Exclusive: Japan Inc. averse to further yen drop, poll finds

TOKYO - Signs are that most firms in export-driven Japan Inc, having got the weaker yen they craved, now want the currency to either stabilize or recover ground, rather than continue a slide that will increasingly raise their costs.

1:00am EDT
World Markets

UK competition watchdog may force cement makers to sell plants

LONDON, May 21 - Britain's competition regulator may force major cement producers to sell plants as part of efforts to break open the country's cement market, after finding a limited number of players was likely to be causing higher prices.

UK Stocks-Factors to watch on May 21

LONDON, May 21 - Britain's FTSE 100 index is seen opening flat on Tuesday, with June futures on the index trading down 3.5 points ahead of the cash market open at 0628 GMT. For more on the factors affecting European stocks, please click on

Stocks, 2:34am EDT

European shares slip from five-year highs

LONDON, May 21 - European shares edged back on Tuesday from five-year highs, with some traders citing concerns over a possible end to central bank stimulus measures which have led a global equity market rally this year.

Nikkei hits new 5-1/2-yr high but pace of gains slow, Bernanke cues eyed

* Real estate and banks weak on sector rotation - analyst * Retail investors pick up underperformers such as Sharp, TEPCO * SoftBank slips, Sprint permitted discussions with Dish By Ayai Tomisawa TOKYO, May 21 - Japan's Nikkei share average edged up to a fresh 5-1/2-year high on Tuesday, reversing earlier losses, as retail investors scooped up underperforming stocks such as Sharp Corp and Tokyo Electric Power Co Inc . Trading was choppy, with the Nikkei moving in a

Hong Kong shares nudged off 3-1/2-month high, China slips

HONG KONG, May 21 - Hong Kong shares fell from a 3-1/2-month high on Tuesday, while China markets looked set for their first loss in five days, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China.

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