Global Markets News

Wall Street ends lower as Caterpillar, health stocks weigh

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- U.S. stocks closed lower on Thursday in a volatile session on uncertainty about U.S. monetary policy and global economic growth, while market heavyweight Caterpillar cut in its sales forecast and healthcare investors fled for the exits.

Fed still on track for rate hike this year, Yellen says

AMHERST, Mass. - Federal Reserve Chair Janet Yellen said on Thursday she expects the U.S. central bank to begin raising interest rates later this year as long as inflation remains stable and the U.S. economy is strong enough to boost employment.

5:10pm EDT

U.S. business spending slips, new home sales rise in August

WASHINGTON - U.S. business investment fell slightly in August, excluding spending on aircraft and defense equipment, but new home sales rose, suggesting that global economic headwinds were doing little to impede U.S. growth. | Video

Study by law professor says U.S. SEC pads enforcement statistics

WASHINGTON - The U.S. Securities and Exchange Commission's metrics for computing annual enforcement statistics are "deeply flawed," making the agency falsely appear as though it is getting tougher every year, a new academic study concluded.

4:30pm EDT

Oil up 1 percent; Cushing draw data offset by Wall Street drop

NEW YORK - Oil prices rose as much as 1 percent on Thursday, boosted by inventory draws at the U.S. crude futures' delivery hub although gains were capped by tumbling equity prices on Wall Street.

3:31pm EDT

U.S. new home sales rise sharply in August

WASHINGTON - New U.S. single-family home sales rose more quickly than expected in August on the back of a strong upward revision for the prior's month's growth, pointing to a strengthening recovery in America's housing market.

1:28pm EDT
World Markets

SEC wins big fines in BankAtlantic case, appeal expected

Sept 24 - A federal judge ordered BBX Capital Corp, a Florida company once known as BankAtlantic Bancorp, and Chief Executive Alan Levan to pay $4.55 million and $1.3 million of fines respectively after being found liable for defrauding investors before the financial crisis.

European shares steady, Volkswagen extends rebound

LONDON, Sept 24 - European stocks were steady on Thursday, with shares in carmaker Volkswagen building on a rebound in the previous session following the departure of its chief executive after VW's emissions data problems.

European shares end lower amid concern over auto emissions scandal

MILAN, Sept 24 - European shares closed lower on Thursday as investors fretted over the risks to the region's economic recovery from an auto-emissions scandal at Volkswagen .

Nikkei tumbles to more than 2-week low; machinery stocks hit by weak China figures

TOKYO, Sept 24 - Japan's Nikkei share average tumbled to more than a two-week low on Thursday as Japanese markets reopened after a three-day national holiday to face news of weak Chinese and U.S. factory a activity, hurting machinery stocks in particular.

Stocks, Asian Markets, 2:16am EDT

Hong Kong shares end down 1 percent

HONG KONG, Sept 24 - Hong Kong shares fell on Thursday as concerns about slowing global demand offset gains in mainland China markets.

Industrials, Financials 4:12am EDT

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