Monday, 3 April 2017 TOKYO: Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed …
Read More »China Southern Airlines to sell US$200mil shares to American Airlines
Tuesday, 28 March 2017 HONG KONG/SHANGHAI: China Southern Airlines Co Ltd said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China’s largest carrier. The deal would make American Airlines the second …
Read More »Snap Inc shares surge
Tuesday, 28 March 2017 NEW YORK: Shares of Snap Inc jumped nearly 5% on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings. Snap’s initial public offering on 1 March was the largest by a technology firm in 3 years but trading has been …
Read More »Currencies in South-East Asia steady ahead of Fed rate hike
Thursday, 16 March 2017 PETALING JAYA: Emerging-market currencies in South-East Asia are holding steady ahead of this week’s United States Federal Reserve (Fed) meeting, which may potentially see another interest rate hike. This is in stark contrast to last December when emerging-market currency exchange rates steeply weakened ahead of the …
Read More »Global stocks fade from record highs, US$ decline
Thursday, 23 February 2017 NEW YORK: Global stocks pulled back from record highs on Wednesday while the dollar declined after minutes from the U.S. Federal Reserve offered little to support the notion of an interest rate increase in March. The perceived less hawkish tone of the Fed’s record of the …
Read More »Nintendo soars on Apple tie-up, Tokyo shares dip
Thursday, 8 September 2016 TOKYO: Tokyo stocks slipped Thursday morning as soft Japanese growth data left investors guessing about the chances of more central bank stimulus, but Nintendo soared on news of a Super Mario game tie-up with Apple. Shortly before markets opened, Japanese government figures showed that the …
Read More »Dow hits record high while tech retreats
Tuesday, 1 August 2017 NEW YORK: The Dow Jones Industrial Average hit a record closing high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies checked the S&P 500 and pulled the Nasdaq lower. The S&P 500 information technology dipped 0.53%, with Facebook falling 1.86% …
Read More »Asia shares hit 2008 highs
Thursday, 27 July 2017 SYDNEY: Stocks, bonds and commodities were all on a roll in Asia on Thursday as bulls scented a softening in the Federal Reserve’s confidence on inflation that promised to keep U.S. interest rates low for longer. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed …
Read More »Asian stocks slip
Monday, 24 July 2017 SINGAPORE: Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro’s near-two-year high on the European Central Bank’s seeming lack of concern about its strength left the dollar languishing near a 13-month low. MSCI’s broadest index of Asia-Pacific …
Read More »Asian stocks slip
Monday, 24 July 2017 SINGAPORE: Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro’s near-two-year high on the European Central Bank’s seeming lack of concern about its strength left the dollar languishing near a 13-month low. MSCI’s broadest index of Asia-Pacific …
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