The FMHR traders discuss how the U.S. stock market is responding to fears over China's economy and the ongoing Ukraine crisis.» Read More
The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.
HONOLULU-- Lawmakers from Hawaii, Alaska, Puerto Rico and Guam are teaming up to pressure the U.S. government for relief from a maritime law passed in the 1920 s. It can't, for example, take goods picked up from Los Angeles to Hawaii. Sam Slom says the law punishes the people of Alaska, Puerto Rico, Guam and Hawaii with high costs of living.
*Gold headed for sixth straight weekly gain. LONDON, March 14- Gold prices reached their highest level in six months on Friday, benefiting from stumbling share prices hit by tensions between Russia and the West over Ukraine and growth concerns in China.
*Gold headed for sixth straight weekly gain. LONDON, March 14- Gold rose to a six-month high above $1,380 an ounce on Friday and was headed for its biggest weekly gain in four, buoyed by lower equity markets on mounting tensions between Russia and the West over Ukraine and worries of an economic slowdown in China.
KUALA LUMPUR, March 14- Military radar data suggests a Malaysia Airlines jetliner missing for nearly a week was deliberately flown hundreds of miles off course, heightening suspicions of foul play among investigators, sources told Reuters on Friday.
*Radar data suggests plane was heading toward Indian Ocean- sources. *White House says search area may expand based on new information.
KUALA LUMPUR, March 14- Military radar-tracking evidence suggests a Malaysia Airlines jetliner missing for nearly a week was deliberately flown across the Malay peninsula towards the Andaman Islands, sources familiar with the investigation told Reuters on Friday.
HONG KONG, March 14- China shares fell and teetered around two-month lows on Friday, after online-payment-related companies slid as China's central bank called for halt to certain types of mobile payments. The CSI300 of the leading Shanghai and Shenzhen A-share listings slipped 0.8 percent on the day, and 2.1 percent on the week.
Roger Nightingale, Economist and Strategist at RDN Associates, explains why he thinks China's gross domestic product (GDP) may come in well below 7 percent.
*Hong Kong shares heading for worst week since May 2012. HONG KONG/ SHANGHAI, Mar 14- Hong Kong shares fell on Friday, dragged down by index heavyweight Tencent Holdings Ltd after the Chinese central bank called for a halt to certain types of mobile payments, causing a slide in online-payment-related stocks in China.
SHANGHAI, March 14- China's yuan fell against the dollar on Friday after the central bank set a weaker midpoint, adding to increasingly bearish sentiment towards the currency after a recent central-bank engineered depreciation, traders said.
Norman Chan, Investment Director at NAB Private Wealth Advisory, says traditional financial firms like Ping An Insurance will need to up their game in order to compete with rapidly-growing internet rivals like Alibaba.
Zhu Haibin, Chief China Economist at JP Morgan, says recent soft economic data from China is the result of the country's structural reforms.
While transparency remains an issue, the scale of shadow banking in China is only a fraction of what is still present in the U.S. and Europe, says David Mann, Regional Head of Research, Asia at Standard Chartered Bank.
*White House says search area may expand based on new information. KUALA LUMPUR/ WASHINGTON, March 14- A new search area for Malaysia Airlines Flight 370 may be opened in the Indian Ocean, the White House said, significantly broadening the potential location of the plane, which disappeared nearly a week ago with 239 people on board.
Marc Faber's comments about China seeing 4 percent growth may be too unrealistic, says David Mann, Regional Head of Research, Asia at Standard Chartered Bank, adding that China still has the potential for strong performance in the years ahead.
Tensions around Ukraine will dominate markets Friday as diplomatic efforts are expected to generate buzz ahead of Sunday's referendum in Crimea.
Weakness in German stocks on Thursday was a wake-up call for U.S. investors, who were 'disillusioned' about China's slowdown and the Ukraine-Russia standoff, resulting in a plunge on Wall Street, says Peter Boockvar, Chief Market Analyst at The Lindsey Group.
It's been seven days since the disappearance of Malaysia Airlines flight 370. CNBC's Sri Jegarajah finds out how the families of passengers on board the missing plane are coping.
*Russia holds war games near Ukraine; Germany's Merkel warns of catastrophe. NEW YORK, March 13- Stocks on major world markets slumped while bonds rallied on Thursday as tensions between Russia and the West increased over Ukraine and concerns about a Chinese economic slowdown rose.