NEW YORK: Global share markets edged lower globally on Thursday as concerns about investments in China and a mixed day on Wall Street outweighed positive economic data in the United States.
The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.
International investors who have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head.
Dwindling resources set against 2 trillion yuan ($305 billion) of liabilities have wiped nearly 80% off the developer's stockRead More »
Wednesday, 19 July 2017 SYDNEY: The dollar stayed on the defensive on Wednesday as investors wagered any further tightening in the United States would be slow at best, while optimism on China’s economy underpinned Asian shares and commodities. The U.S. currency was near multi-month lows after the collapse of …Read More »
Wednesday, 5 July 2017 SYDNEY: Asian share markets got off to a subdued start on Wednesday as simmering tensions on the Korean peninsula supported safe-harbors including the yen and gold. A holiday in the United States and a dearth of major data kept activity muted across Asia, though minutes of …Read More »
Saturday, 1 July 2017 New Delhi – Air India has 14% share in the domestic market where cutthroat competition from private airlines like Indigo and Spicejet is hurting its profitability. At the same time, Air India is witnessing growth at about 17 % a year on international routes. The group …Read More »
Wednesday, 31 May 2017 SEATTLE: Amazon.com Inc’s shares topped US$1,000 for the first time, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing. Amazon shares hit US$1,001.20 in New York yesterday, up about 40% from a year ago and more than double the …Read More »
Thursday, 2 March 2017 LOS ANGELES: Snap Inc, the maker of Snapchat, will begin selling its shares for $17 a piece when it starts trading on the New York Stock Exchange Thursday morning. This puts the company’s valuation at $24 billion, and allowed it to raise around $3.4 billion in …Read More »