Global Stocks Hit by Sliding Commodities Prices
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A fall in commodity prices dragged down global stocks, with oil now at its lowest since November, when OPEC agreed to cut output for six months.
Oil Stems Losses in Volatile Trading
Crude futures posted a small rebound, recovering from a sudden 3% fall in Asian trade and following a week of steep losses globally as investors continue to worry about brimming crude inventories.
China Commodities Slump Weighs on Stocks
Commodities took center stage in Asia, with a slump in Chinese metals prices and weakness in crude oil sending equity markets across the region lower.
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Turkey's Double-Digit Inflation Is Unacceptable, Says Deputy Prime Minister
Turkey's inflation rate is unacceptable and the country's food committee will act to slow price rises, Deputy Prime Minister Mehmet Simsek said.
Australia's RBA More Confident on Inflation Rise
Australia's central bank made only minor changes to its economic forecasts in a quarterly policy statement Friday, but said it has growing confidence in its expectation that inflation will rise over time.
Screws Tighten on Risky Chinese Insurance
In China, lucrative bets are usually followed by a regulatory clampdown. So it was only a matter of time before China's acquisitive and unlisted life insurers started feeling the pain.
India Gives Central Bank More Power to Target Bad Loans
India's government issued an executive order giving the central bank more power to tackle the growing problem of bad loans.
GE's Immelt Warns Trump on Perils of Protectionism
While some American executives have been hesitant to criticize the U.S. president, General Electric's chief executive provided a warning Thursday: globalization needs an overhaul, but the U.S. should avoid the temptation to throw up barriers to free trade.
Trade Uncertainty Holding Back Growth, Says Bank of Canada's Poloz
Bank of Canada Gov. Stephen Poloz warned trade-policy uncertainty in the U.S. is a significant headwind to growth as companies are hesitant to invest without knowing what a revamped North American trade pact would hold for their futures.
Jay Clayton Sworn In to Lead SEC
Jay Clayton was sworn in as chairman of the Securities and Exchange Commission, becoming the Trump administration's first permanent head of a financial regulatory agency.
(END) Dow Jones Newswires
May 05, 2017 07:15 ET (11:15 GMT)