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News Highlights: Top Global Markets News of the Day

11/27/2018 | 07:16am


Global Stocks Hold Steady After Rally



Indexes were mixed, with early-week optimism dampened by comments from the White House ahead of a meeting between the U.S. and Chinese leaders later in the week that its tariff plans were unlikely to change.




Fed Looks to Short-Term Data to Shape 2019 Policy Path



The central bank will be deciding whether and when to raise interest rates more on the basis of the economy's latest signs-such as in inflation, unemployment and growth-and less on the long term.




Oil Prices Hold Gains Despite Oversupply Concerns



Oil prices were mixed, a day after crude started to rally following a week of steep losses.




China's Steel Glut Sinks Iron Ore



Prices of iron ore, the main ingredient in steel, have hit four-month lows as Chinese steel mills try to cut costs in a saturated market.




A New Kind of Lender Secretly Tracks Your Car to Make Sure You Pay Up



In China, a new type of internet loan comes with a catch: lenders can track your car's whereabouts and can seize it if you fail to make payments.




Trump Expects to Move Ahead With Boost on China Tariffs



Days before a summit with China's leader, President Trump said in an interview he expects to move ahead with boosting tariff levels on $200 billion of Chinese goods to 25%.




India Can Thank Crude's Slump for a Soaring Stock Market



Indian equities have emerged as some of the world's best performers over the past month. The Nifty 50 has surged 6.5% in the past 30 days, with only Hong Kong's Hang Seng and Argentina's Merval giving it a run for its money.




Michelle Bowman Sworn In on Federal Reserve's Board of Governors



Michelle Bowman, a small-town banker and former regulator from Kansas, was sworn in as a member of the Federal Reserve's board of governors, the central bank said.




Greece's Eurobank to Acquire Grivalia Properties



Eurobank Ergasias plans to acquire real-estate company Grivalia Properties REIC, boosting its capital and paving the way for a 'bad bank' to help reduce its nonperforming loans.






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