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TOKYO; Markets extended gains on Tuesday with investors hunting for bargains after prices reclaimed some ground off 2012 lows, as hopes grew that Europe would embark on fresh action to tackle its debt crisis while promoting growth. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.2 percent, having recovered the previous day from a plunge to a 2012 low on Friday. Its top performers included the technology, industrials and materials sectors, all of which had been ...
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NEW YORK: US shares racked up strong gains Monday with the Nasdaq adding nearly 2.5 percent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading. At the closing bell the Dow Jones Industrial Average was up 135.10 points, or 1.09 percent, to 12,504.48. The S&P 500-stock index climbed 20.77 (1.60 percent) to 1,315.99, while the tech-rich Nasdaq added 68.42 (2.46 percent) at 2,847.21. A 5.8 percent surge ...
LONDON: European stock markets mostly rebounded on Monday as G8 support for Greece to remain part of the eurozone boosted sentiment after last week's sharp sell-off, traders said. London's benchmark FTSE 100 index rose 0.76 percent to 5,307.72 points in midday deals after tumbling by five percent last week. Frankfurt's DAX 30 climbed 1.0 percent to 6,340.11 points and in Paris the CAC 40 gained 1.0 percent to 3,038.96. Madrid fell 0.47 percent. In foreign exchange deals, the ...
CAPE TOWN: South African exports to Europe and other developed countries remain below their 2008 peaks while trade with emerging economies has boomed, trade minister Rob Davies said Friday. "Global economic power is shifting before our very eyes from the North and West to the South and East," the minister told parliament. Developed countries remained important markets to South Africa, but "our exports to these economies remain well below the peak achieved in 2008, just prior to ...
MELBOURNE: Australian shares firmed 0.1 percent on Thursday, recovering from a one-month low as miners bounced back on upbeat comments from world No.3 miner Rio Tinto Ltd. Local job numbers are now awaited, as are Chinese trade balance results. While Australia is forecast to have shed 5,000 jobs, China's April trade data should show exports stabilising as imports tick higher, reinforcing the view that the world's second-biggest economy is gradually recovering. Also encouraging was a fall in the ...
COLOMBO: Sri Lankan stocks fell on Monday in thin volume as investors awaited direction on the political front from the release of former army chief Sarath Fonseka, who is President Mahinda Rajapaksa's highest-profile rival. Sri Lanka's former army chief walked free from jail on Monday with a pardon from President Rajapaksa, who appears to have bowed to growing international demands. The trading volume slumped to a five week low as investors stayed sidelined to see if there ...
NEW YORK: Wall Street edged higher at the open on Monday, rebounding from its worst weekly decline for the year, on assurances that world powers want debt-laden Greece to remain in the euro zone. The Dow Jones industrial average gained 29.71 points, or 0.24 percent, to 12,399.09. The Standard & Poor's 500 Index added 2.73 points, or 0.21 percent, to 1,297.95. The Nasdaq Composite Index climbed 4.26 points, or 0.15 percent, to 2,783.05. Copyright Reuters, 2012 ...

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