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March 30, 2017

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Business > Global Markets
European stocks sank on Monday after Germany's troubled Deutsche Bank unveiled plans over the weekend to raise 8.0 billion euros (US$8.5 billion) in fresh capital.
 
The dollar rose Wednesday after two top Federal Reserve officials suggested U.S. interest rates could rise this month, while Donald Trump's speech to Congress boosted European stocks.
 
The car of the future will let you pay for petrol or parking directly from your vehicle and receive traffic alerts and restaurant recommendations from your onboard digital assistant.
 
Stock markets were downbeat worldwide Tuesday and the dollar came under fresh selling pressure as trading floors grew cautious before Donald Trump's speech to a joint session of Congress.
 
World stock markets diverged Monday, as a recent Trump-inspired rally showed signs of fragility.
 
New highs for US stocks; Dow win streak longest since 1987
Wall Street notched another set of milestones Monday as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years.
 
Saudi Arabia's Aramco will invest US$7 billion in a Malaysia oil refinery project, Prime Minister Najib Razak said Monday as he declared ties with the kingdom "at an all-time high."
 
Increased Chinese spending on housing and hopes of an infrastructure bonanza in the U.S. and India are driving a recovery in resources giants, analysts said, with major miners raking in huge profits.
 
European stock markets mostly rose Wednesday as traders reacted to mixed economic data and earnings results.
 
European stock markets rose Monday, with gains in London capped by a sharp drop in the share price of Unilever following the collapse of a proposed mega-merger (see story at bottom of page).
 
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