Wednesday
May 4 2016
2:49 AM
Stock Markets
Change Category:     Category

Asian markets take breather after Fed-fuelled rally

Thursday March 31, 2016    8:23 AM

At around 1345 GMT, Frankfurt's DAX 30 index was down 0.7 percent and Paris sank 1.1 percent as investors reacted to news that eurozone consumer prices fell this month despite the European Central Bank boosting its already massive stimulus programme to beat deflation.Outside the eurozone, London shed 0.3 percent as traders brushed aside official data showing that Britain's economy grew faster than expected last year." ... Full Story

Malaysian PM Najib's brother received funds before 2013 elections - WSJ

Thursday March 31, 2016    8:23 AM

The funds was then disbursed to ruling party politicians, the Journal reported. The funds transferred to Nazir Razak, chairman of state-controlled bank CIMB Group Holdings Bhd, was part of more than 500 transfers from Najib's accounts before the elections, the bul ... Full Story

Wall Street set for lower open as Yellen speech awaited

Tuesday March 29, 2016    4:42 PM

(Reuters) - The S&P 500 closed at its highest in 2016 on Tuesday after Federal Reserve Chair Janet Yellen called for caution on raising interest rates - music to Wall Street's ears. In her first comments since the Fed held steady on rates earlier this month, Yellen ... Full Story

US stocks flat ahead of Yellen, jobs data; Nikkei gains

Monday March 28, 2016    5:44 PM

Trade on Wall Street was sluggish as activity resumed following the Good Friday holiday. Leading European bourses were closed, as was the Hong Kong exchange."Today there's not any meaningful data points coming out," said David Levy, portfolio manager at Republic Wealth Advisor ... Full Story

As earnings loom, McCormick tied to M&A as acquirer, target

Monday March 28, 2016    5:44 PM

NEW YORK (Reuters) - There is nothing bland about betting on McCormick.The Maryland spice maker is preparing to report slowing first quarter earnings with its share price as high and expensive as it has ever been. Yet investors expect the company to hold its own on Wall Street, partly because of ... Full Story

More Wall Street banks, investors help write blank checks

Thursday March 24, 2016    10:48 AM

(Reuters) - An obscure corner of the U.S. IPO market is getting a new lease on life as more Wall Street banks and institutional investors turn to blank-check acquisition vehicles, once the domain of only a few underwriters and hedge funds, for better fortunes. These special purpose acquisi ... Full Story

Wall Street set to open flat as investors keep off risk

Wednesday March 23, 2016    10:42 AM

REUTERS - Wall Street was set to open little changed on Wednesday as investors backed off risk in a week marred by the attacks in Brussels and shortened by the Good Friday holiday. Signs of improving business sentiment at the world's major economies helped European markets recover, but Asian shares fell as investo ... Full Story

Global funds cut equity holdings to lowest in at least five years

Thursday March 31, 2016    8:23 AM

LONDON (Reuters) - Investors cut their holdings of stocks to the lowest in at least five years in March, despite a recovery in global equity markets, with euro zone and Japanese assets bearing the brunt as doubts grew about the effectiveness of central bank stimulus. Equity allocations shrank month-on-month to 45.9 percent, a new five-year low, despite a global stock market rally that saw the MSCI World equity index <.MIWD00000PUS> climb over 7 percent in March. Cash holdings rose to 5.8 percent fr ... Full Story

Global funds tiptoe from share slump into China's 'new economy' firms

Thursday March 31, 2016    8:23 AM

SINGAPORE (Reuters) - Global funds are cautiously venturing back into Chinese equities after prices collapsed to 4-1/2-year lows in February, taking advantage of cheaper valuations to buy stocks they believe will benefit from China's shift to a consumption-led economy. ... Full Story

Music streaming company Spotify raises $1 billion in convertible debt

Tuesday March 29, 2016    4:42 PM

(Reuters) - Spotify has raised $1 billion in convertible debt from private equity firm TPG Capital and hedge fund Dragoneer Investment Group, a spokeswoman for the music streaming service said. The Wall Street Journal first reported the deal on Tuesday. The deal is exp ... Full Story

Global stocks rise, dollar falls as odds wane for near-term rate hike

Monday March 28, 2016    5:44 PM

NEW YORK (Reuters) - An index of global stocks edged higher on Monday, as did Wall Street, which was bolstered by a softer dollar as weak U.S. economic data cut expectations of a near-term interest rate increase by the Federal Reserve. With share markets in Europe, as well as those in Australia, New Zealand and Hong Kong closed for holidays following last week's Good Friday holiday, trading was generally light for much of the day. The dollar reversed early gains and moved lower after U.S. consumer spending data missed expectations. Soft readings for personal income and inflation indicated a sluggish economy with weak first-quarter gross domestic product growth. Following Monday' ... Full Story

Netflix admits to downgrading video quality on AT&T, Verizon phones - WSJ

Friday March 25, 2016    10:41 AM

(Reuters) - Netflix Inc said it had been lowering the quality of its video for customers watching its service on wireless networks such as AT&T and Verizon Communications for more than five years, The Wall Street Journal reported on Thursday. The Journal quoted Netflix as saying it h ... Full Story

China stocks fall as state media reports resumption of short-selling

Thursday March 24, 2016    10:48 AM

The CSI300 index declined 1.0 percent to 3,204.16 points at the end of the morning session, while the Shanghai Composite Index lost 0.9 percent, to 2,982.48 points. Many Chinese financial institutions voluntarily halted margin lending and stock shorting activities during ... Full Story

Energy slide drags down indexes

Wednesday March 23, 2016    10:42 AM

(Reuters) - A decline in energy stocks weighed on Wall Street on a quiet Wednesday as investors shied away from big bets after the Brussels attacks and ahead of the long Easter weekend. Oil prices fell more than 2 percent after data showing a rise in U.S. stockpi ... Full Story

S&P lowers China outlook to negative

Thursday March 31, 2016    8:23 AM

"The economic and financial risks to the Chinese government's creditworthiness are gradually increasing," it said in a statement.S&P kept its rating on Chinese sovereign bonds unchanged at AA-/A-1+.Beijing is grappling with a tough economic transition away from dependence on heavy industries toward a consumer-driven model, but fluctuations in the exchange rate and stock markets have undermined confidence in leaders' will ... Full Story

Dollar slides after Yellen speech; S&P at 2016 high

Tuesday March 29, 2016    4:42 PM

NEW YORK (Reuters) - The U.S. dollar dropped sharply and stocks on Wall Street ended at 2016 highs after Federal Reserve Chair Janet Yellen said the Fed should proceed "cautiously" in deciding when to raise interest rates. "Given the risks to the outlook ... Full Story

Music streaming company Spotify raises $1 billion bln in convertible debt

Tuesday March 29, 2016    4:42 PM

(Reuters) - Spotify has raised $1 billion (695 million pounds) in convertible debt from private equity firm TPG Capital and hedge fund Dragoneer Investment Group, a spokeswoman for the music streaming service said. The Wall Street Journal first reported the deal on Tuesday. ... Full Story

Nasdaq hires ex-Chi-X Global CEO as North American equities head

Monday March 28, 2016    5:44 PM

NEW YORK (Reuters) - Transatlantic exchange operator Nasdaq Inc said on Monday it appointed Tal Cohen, the former head of Chi-X Global, to run its North American equities business. Nasdaq bought the Canadian operations of stock market operator Chi-X Global last month for an undisc ... Full Story

Wall St. dips as Wells Fargo leads fall in financials

Thursday March 24, 2016    10:48 AM

(Reuters) - Wall Street was lower on Thursday ahead of the long Easter weekend, as Wells Fargo led declines in financial stocks and gains in the dollar hurt commodities.Wells Fargo's <WFC.N> 2.2 percent drop was the biggest drag on the S&P 500. UBS started coverage of the bank ... Full Story

Wall Street dips as Wells Fargo leads fall in financials

Thursday March 24, 2016    10:48 AM

REUTERS - Wall Street was lower on Thursday ahead of the long Easter weekend, as Wells Fargo led declines in financial stocks and gains in the dollar hurt commodities. Wells Fargo's 2.2 percent drop was the biggest drag on the S&P 500. UBS started coverage of the ban ... Full Story

Infibeam IPO fully subscribed, institutional demand thin

Wednesday March 23, 2016    10:42 AM

MUMBAI (Reuters) - Indian online retailer Infibeam Incorporation's $80 million initial public offering (IPO) attracted thin demand from institutional investors, just selling the total number of shares on offer in the country's first e-commerce listing. The company, which makes ... Full Story
Older Stock Markets stories with search options