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  • *Shares soar on China rate cut, Draghi stimulus hopes. *Euro tumbles on Draghi; Brent above $80 a barrel. NEW YORK, Nov 21- World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise interest rate cut by China and as the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

  • What drove China's surprise rate cut     Friday, 21 Nov 2014 | 1:07 PM ET

    CNBC's Michelle Caruso-Cabrera dissects moves by the Chinese Central Bank.

  • Cheap credit in Europe, China: Too little, too late? Friday, 21 Nov 2014 | 12:19 PM ET

    Central banks in Europe and China on Friday announced moves to ease credit. But the action may have limited impact.

  • China's 'big surprise' rate move     Friday, 21 Nov 2014 | 12:01 PM ET

    CNBC's Michelle Caruso-Cabrera reports on China's interest rate cut and the ECB's dovish comments. And the FMHR traders have the play on oil.

  • China surprises world with broad-based cut     Friday, 21 Nov 2014 | 11:35 AM ET

    Douglas Morton, head of Asia research at Aviate Global discusses China's recent moves to cut interest rates and how it was a surprise to many because it was such a "broad-based interest cut".

  • *Shares soar on China rate cut, Draghi stimulus hopes. NEW YORK, Nov 21- World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchases to boost the euro zone economy. "To the extent that you dueling positive monetary policy...

  • Inside Jack Ma's former home—now a tech shrine Friday, 21 Nov 2014 | 10:31 AM ET
    Jack Ma, founder of Alibaba Group Holding Ltd.

    In 1999 Jack Ma was living in a small apartment with his wife in Hangzhou, China, when he came up with the idea for Alibaba.

  • BEIJING, Nov 21- China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt. Beijing's first rate cut in more than two years comes as factory growth stalls and the property market, long a pillar of...

  • Bet on Big Macs, materials when China cuts rates Friday, 21 Nov 2014 | 9:22 AM ET
    McDonald's in Kaifeng of Henan Province, China.

    When China cuts interest rates, McDonald's outperforms the market five days later and makers of stone and gravel also beat the market, history shows.

  • China cut pegs growth floor at 7 percent: Roach Friday, 21 Nov 2014 | 9:10 AM ET
    A man rides his electric bicycle passing the People's Bank of China (PBoC).

    China has revealed its floor for economic growth is 7 percent after unexpectedly cutting interest rates, the former chairman of Morgan Stanley Asia says.

  • *Shares soars as China cuts rates, Draghi talks bond buying. *Euro tumbles on Draghi, Aussie rises on China. LONDON, Nov 21- World shares surged on Friday as China surprised markets with its first interest rate cut in more than two years and the European Central Bank's Mario Draghi threw the door wide open to full scale money printing.

  • BEIJING, Nov 21- A flurry of private Chinese investment into Hollywood should prompt Beijing to loosen its restrictions on U.S. film imports, the mayor of Los Angeles said in China on Friday as he urged officials to raise the country's annual cap on foreign films. Los Angeles Mayor Eric Garcetti, who is leading a two-week trade mission across three Asian countries,...

  • China surprises with rate cut to spur growth Friday, 21 Nov 2014 | 7:29 AM ET
    Zhou Xiaochuan

    China cut interest rates unexpectedly on Friday, stepping up a campaign to prop up growth in the world's second-largest economy.

  • Chinese journalist tried on state secrets charge Friday, 21 Nov 2014 | 7:05 AM ET

    BEIJING— A veteran journalist who is one of the best-known intellectuals to have been imprisoned for supporting the 1989 Tiananmen pro-democracy protests went on trial Friday in closed-door proceedings in Beijing on new accusations of leaking state secrets. Gao Yu, 70, was detained for illegally obtaining a secret Communist Party document and providing...

  • METALS-Prices rally after China cuts interest rates Friday, 21 Nov 2014 | 6:22 AM ET

    *China cuts benchmark rates for first time in two years. LONDON, Nov 21- Metals prices rose on Friday after China cut benchmark interest rates in a bid to jumpstart its economy, while expectations of raw material scarcity gave a further lift to nickel which hit a five-week high. Three-month copper on the London Metal Exchange hit a session high of $6,748 a tonne...

  • China unexpectedly cuts rates to support economy Friday, 21 Nov 2014 | 5:52 AM ET

    BEIJING— China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. Meanwhile, the president of the European Central Bank said Friday he was ready to step up stimulus for the 18- country eurozone...

  • BEIJING— China's official news agency says central bank cuts interest rate.

  • *Yen rebounds after Japan finmin frets about pace of fall. LONDON, Nov 21- World shares headed for a second week of gains on Friday after more reassuring U.S. data, while the yen pulled out of its dive as Japan's finance minister warned its recent weakening had been "too rapid". The region's markets have been lagging those of the United States, Japan and faster-growing...

  • SHANGHAI, Nov 21- Hong Kong shares snapped a four-day losing streak on Friday as profit-taking pressure eased, but ended lower on the week despite the highly-touted launch of a landmark link between the Hong Kong and Shanghai exchanges. The Hang Seng Index unofficially closed up 0.4 percent at 23,437.12 points. Mainland China investors' interest in Hong Kong...

  • SHANGHAI, Nov 21- China stocks rallied on Friday as profit-taking pressure faded, letting them eke out gains for the week in which the highly-touted landmark link between the Hong Kong and Shanghai exchanges was launched. The CSI300 index of the largest listed companies in Shanghai and Shenzhen climbed 1.8 percent. CITIC Securities Co Ltd rose 6.7 percent and...