Global Markets News
MOSCOW - Russia's central bank said on Friday it had withdrawn the licenses of three more banks in a crackdown on shady financial activities a day after President Vladimir Putin renewed a drive to stem capital flight.
LONDON - The dollar and euro rose to five-year highs against the yen on Friday, driven by upbeat U.S. data ahead of the Federal Reserve's meeting next week and dwindling excess cash in the euro zone banking system.
LONDON - People using Bitcoins are on their own when it comes to losses, the European Union's banking watchdog said on Friday in a formal warning to consumers on the risks of using unregulated online currencies.
BEIJING - Senior U.S. and Chinese officials will hold annual trade talks in Beijing next week, China's Foreign Ministry said on Friday, as the world's two largest economies try to iron out an array of long-held tensions.
MOSCOW - Sberbank , Russia's largest bank, sees no threat to its business from the political upheaval in Ukraine for now and will be able to absorb losses there thanks to its strong capital base, Chief Executive German Gref told Reuters.
NICOSIA, Dec 13 - Cyprus has no plan to sell gold reserves to fund its 10 billion euro ($13.75 billion) bailout, officials at the central bank said on Friday.
LONDON, Dec 13 - European shares hit fresh two-month lows on Friday on concerns the U.S. Federal Reserve may start trimming its stimulus from next week, but analysts said further losses may be limited by strong technical support levels.
* FTSEurofirst 300 flat, Euro STOXX 50 edges 0.3 pct higher
TOKYO, Dec 13 - The Nikkei stock average ended a three-day run of losses on Friday as the yen slumped to a five-year low against the dollar following strong U.S. retail sales data, lifting the appeal of Japanese equities. The Nikkei finished 0.4 percent higher at 15,403.11 and was up 0.7 percent for the week, while the broader Topix index closed down 0.3 percent at 1,238.88. Trading volume on the benchmark Nikkei surged to a five-month high, with 2.46 billion shares chang
HONG KONG, Dec 13 - Hong Kong shares trimmed weekly losses on Friday, with the Chinese banking sector leading a tepid rebound after it was hit this week by worries Beijing would lower 2014 growth targets and signs of quicker interest rate liberalisation.
Americas Market Reports
- Brazil: EMERGING MARKETS-Brazil stocks tick up from 3-month low amid Fed caution
- Canada: CANADA STOCKS-TSX nears eight-week low as Fed fears deepen
- Chile: STXNEWS LATAM-Chile's SQM plummets, trading halted after potash shakeup
- Mexico: EMERGING MARKETS-Brazil stocks tick up from 3-month low amid Fed caution