02122016Fri
Last update: Fri, 12 Feb 2016 06am

Markets - Equity

Markets - Equity - Americas

TSX falls as results from Manulife, others disappoint TORONTO: Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy.The most influential weight on the index was Manulife Financial Corp, which slumped 7.3 percent to C$16.05 after the country's largest insurer missed market estimates for the fourth quarter and said it would be difficult to achieve its core earnings target for 2016.The heavyweight financials group fell 1.9 percent to its lowest level in more than two years, with Royal Bank of Canada down 1.7 percent to C$65.08 and Toronto-Dominion Bank off 1.7 percent at C$48.86.Telus Corp declined 3.4 percent to C$38.49 after the telecom company reported a fall in quarterly profit, hurt by increased competition and weaker demand for its wireless services, which the company blamed in part on broader economic weakness, particularly in Alberta.Teck Resources Ltd, North America's ...


Markets - Equity - Europe

Slump in banks and resources pushes European shares to 2-1/2 year low LONDON: A top European share index plunged to its lowest level in 2-1/2 years on Thursday, led down by a renewed slump in banks and commodity-related stocks, with Societe Generale sliding after disappointing results.The pan-European FTSEurofirst 300 was down 3.7 percent at 1,195.76 points at its close, having earlier in the session slumped to its lowest level since August 2013.The index had snapped a seven-day losing run in the previous session when it rose 1.8 ...

Markets - Equity - Americas

Shares plunge on global growth, bank fears; US yields fall NEW YORK: Stock indexes worldwide stumbled on Thursday on fears over the health of the global economy, with banking shares slumping on both sides of the Atlantic, while safe-haven 10-year Treasury yields hit their lowest since 2012.Concern over sluggish global growth and doubts over central banks' ability to support the global economy pushed the U.S. benchmark S&P 500 index and the Dow Jones industrial average down more than 10 percent for the year.The FTSEurofirst 300 ...

Markets - Equity - Europe

Global stock markets plunge on Fed gloom LONDON: A fierce sell-off gripped world markets Thursday after a warning by US Federal Reserve boss Janet Yellen over the global economy, while oil fell close to 13-year lows.New York's Dow Jones Industrial Average followed European exchanges lower, having already dropped the previous session as Yellen also played down the chances of another US interest rate hike any time soon.The news sparked a renewed sell-off in Asia on Thursday, with Hong Kong stocks tumbling as ...

Markets - Equity - Asia

South Korean stocks in biggest fall in 3-1/2 years, won eases SEOUL: Seoul shares suffered its biggest fall in more than 3-1/2 years on Thursday as risk-averse investors raced to safe-haven assets after comments from US Federal Reserve Chair Janet Yellen raised bets the Fed may face difficulty hiking rates further.The Korea Composite Stock Price Index (KOSPI) closed down 2.9 percent at 1,861.54 points, after retreating as much as 3.1 percent, its biggest percentage loss since May, 2012. Foreign investors were net sellers, offloading a net ...

Markets - Equity - Middle East & Africa

Dubai down on weak earnings, Gulf soft DUBAI: Disappointing earnings from a few Dubai companies pulled the emirate's stock index lower in early trade on Thursday while most other Gulf stock markets slipped after oil prices reversed back near $30. Dubai's index was down 0.5 percent, weighed down by the real estate sector. DAMAC Properties fell 3.9 percent in volatile trade; it reported a 12 percent fall in fourth-quarter net profit. Dubai Parks and Resorts fell 2.7 percent after the amusement park ...

Markets - Equity - Middle East & Africa

Egypt, Saudi drop in global rout; Saudi breaks chart support DUBAI: Egypt's stock market fell in early trade on Thursday, erasing the previous day's gain as global bourses sagged, while Saudi Arabia's index was headed for a third straight day of losses after oil slid back near $30. Cairo's main index fell 1.0 percent in the first 30 minutes with Egypt's largest bank by market value, Commercial International Bank, dropping 1.6 percent after it recorded fourth-quarter net profit of 1.2 billion Egyptian pounds ($192 million), ...