01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Markets - Equity

Markets - Equity - Asia

Takata shares dive 17pc on bankruptcy restructuring report TOKYO: Takata shares plunged 17 percent Thursday on a report that two rival suitors are set to propose bankruptcy restructuring plans for the airbag maker at the centre of the biggest-ever auto safety recall.The stock fell by its maximum daily loss limit to close at 717 yen after trading had been suspended in the morning following the rescue plan report by Japan's Nikkei business newspaper.Sweden's Autoliv, the world's leading airbag manufacturer, and a consortium led by US autoparts firm Key Safety Systems, are both expected to present competing turnaround proposals as early as this week, the Nikkei said.A court-mediated overhaul is seen as likely to win support from Takata's customers, which include leading automakers such as Toyota, Honda, General Motors and BMW, after it recalled more than 100 million airbags globally, it added.Takata shares did not trade at the start Thursday as the Tokyo Stock Exchange suspended activity following the ...


Markets - Equity - Asia

Toshiba dives on fears of huge loss at nuclear unit TOKYO: Toshiba shares went into freefall Thursday, with the embattled stock down by nearly half since late December on concerns about huge losses at its nuclear power business in the United States.The Tokyo-listed shares dived 16 percent to end the day at 242.3 yen after Japanese media said the vast conglomerate could book losses of as much as 700 billion yen ($6.1 billion) in the US unit.The stock fell as much as 26 percent earlier ...

Markets - Equity - Asia

Tokyo stocks rally, Toshiba dives on huge loss reports TOKYO: Tokyo stocks closed higher Thursday as a weaker yen lifted exporters, but Toshiba plunged 16 percent on concerns about huge losses in its US nuclear power business.Takata shares also dived, tumbling 17 percent on a report that two suitors are set to propose a bankruptcy restructuring plan for the airbag maker at the centre of the biggest-ever auto safety recall.The dollar rose to 114.63 yen Thursday from the 113-yen range early Wednesday, a plus ...

Markets - Equity - Europe

European stock markets rebound at open LONDON: Europe's main stock markets recovered at the start of trading Wednesday, with London's FTSE 100 up 0.5 percent to 7,256.31 points after falling sharply the previous session.In the eurozone, Frankfurt's DAX 30 index grew 0.5 percent to 11,592.12 points and the Paris CAC 40 won 0.3 percent to 4,874.31 compared with the close on Tuesday.The FTSE had closed down 1.5 percent Tuesday as the pound shot higher after British Prime Minister Theresa May fleshed ...

Markets - Equity - Asia

Tokyo stocks close higher after yen rally stalls TOKYO: Tokyo stocks closed higher Wednesday, reversing early losses on bargain hunting and as the yen retreated from a rally against the dollar. The market got off to a weak start after US President-elect Donald Trump's comment that the dollar was too strong lifted the yen.But the currency's rally proved was short-lived. "Attempts to buy on dips helped (the Nikkei 225) reclaim a level above 18,900," said Yoshihiro Ito, chief strategist at Okasan Online Securities."The ...

Markets - Equity - Americas

Wall St falls as some post-election gainers reverse NEW YORK: U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground.Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index was down 2 percent.The S&P 500 financial index, which has rallied since the election on expectations of higher ...

Markets - Equity - Americas

Trump, Brexit uncertainty hit stocks and dollar, gold jumps NEW YORK: Stocks and the dollar fell and gold rose on Tuesday as investors looked for safety after President-elect Donald Trump said the U.S. currency was too strong, while sterling jumped as UK Prime Minister Theresa May promised Parliament a vote on Brexit.Wall Street opened lower, weighed down by financial and healthcare stocks, and U.S. Treasury prices gained on concerns about Trump's protectionist trade policies. Ahead of Friday's inauguration, investors were waiting to see if ...