Bhinneka News Online: Reuters Before the Bell: Growth fears, China equity plunge haunts world stocks

Friday 8 March 2019

Reuters Before the Bell: Growth fears, China equity plunge haunts world stocks

Click to View in Browser

Friday, March 8, 2019

Growth fears, China equity plunge haunts world stocks

Deepening fears for the health of the global economy pushed world stocks to three week lows on Friday after China exports contracted by a fifth, sending shares in some of the country's key indexes more than 4 percent lower.

Stock futures fall on global growth concerns; jobs data awaited

U.S. stock futures slipped on Friday on global growth worries after Chinese data showed exports tumbled the most in three years, while investors turned their focus to domestic monthly employment report.

Ghosn's defense team to monitor calls, surveillance footage while he awaits trial

No internet, no email and surveillance cameras to monitor his comings and goings.

Exclusive: India investigating Philip Morris, Godfrey Phillips: source

India's main financial crime-fighting agency is investigating Philip Morris International Inc and its Indian partner Godfrey Phillips for alleged violation of the country's laws, a senior directorate source told Reuters on Friday.

U.S. job growth seen slowing in February after outsized gains

U.S. job growth likely slowed to a five-month low in February as the weather-related boost in the prior two months faded, workers became more scarce and tighter financial conditions began to weigh on the labor market.

Marriott CEO apologizes for data breach, unsure if China responsible

Marriott International Inc Chief Executive Arne Sorenson apologized on Thursday before a U.S. Senate panel for a massive data breach involving up to 383 million guests in its Starwood hotels reservation system and vowed to protect against future attacks.

Exclusive: U.S. EPA aims to curb biofuel credit speculation by blocking outsiders

The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency's proposals told Reuters on Thursday.

ECB pushes out rate hike, offers cheap cash to banks

The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy.

ECB's new bank loan scheme won't cover mortgages: Vasiliauskas

Euro zone banks will not be able to use a new longer-term lending facility from the European Central Bank to extend mortgages, Lithuanian central bank chief Vitas Vasiliauskas said on Friday.

Worst start to year for equity flows since 2008: BAML

A $10 billion wipeout over the last week has compounded the worst start to a year for equity flows since 2008, Bank of America Merrill Lynch strategists said on Friday.