07272016Wed
Last update: Wed, 27 Jul 2016 10am

Markets - Equity

Markets - Equity - Europe

Europe stock rally halted as Germany rejects Greek proposal PARIS: Europe's stock rally lost steam on Thursday, with a benchmark index retreating from a seven-year high, after Germany rejected a new proposal from Athens for an extension of its bailout programme.The German finance ministry described the Greek proposal as "not a substantial solution" because it failed to fulfill the conditions of an EU/IMF bailout programme. Greek Prime Minister Alexis Tsipras had promised to ditch those requirements when he won an election last month.With the programme due to expire in a little more than a week, Greece urgently needs to secure a financial lifeline to keep the country afloat beyond late March.European stocks had rallied earlier in the session, with the FTSEurofirst 300 index climbing to a level not seen since late 2007, after Greece made its proposal for a six-month extension of the bailout.At 1530 GMT, the FTSEurofirst 300 index was up 0.2 percent at 1,519.25 points, after gaining ...


Markets - Equity - Middle East & Africa

South African stocks end higher, led by Truworths JOHANNESBURG: South African stocks ended slightly higher on Thursday led by Truworths after the retailer posted an increase in half-year profit.Truworths jumped 7.26 percent to 87.42 rand, breaking a three-day losing streak, after the fashion retailer said half-year profit inched up 1 percent.The rally in the stock buoyed other retailers, which have been under pressure in recent months on concerns that consumer spending is diminishing due to high household debt, unemployment and rising energy costs.No-frills ...

Markets - Equity - Americas

Energy pressures Wall St, Priceline boosts Nasdaq NEW YORK: US stocks fell modestly on Thursday with energy shares leading the drop amid a slump in oil prices, and investors remained cautious as uncertainty continued over the prospects of a debt deal with Greece.Losses were outsized in the Dow after Wal-Mart Stores cut its sales outlook, citing the impact of a stronger dollar. Shares fell 2.5 percent to $84.08.On the upside, Priceline Group rallied on its results, helping keep the Nasdaq slightly positive.Crude ...

Markets - Equity - Europe

Centrica slide pulls UK's FTSE from 15-year high LONDON: Britain's top equity index edged down on Thursday from multi-year highs, with utility Centrica weighing on the market after cutting its dividend.The blue-chip FTSE 100 index, which had risen to a 15-year high of 6,921.32 points on Wednesday, fell 0.1 percent to 6,888.90 points.Centrica was the worst-performing FTSE 100 stock in percentage terms, dropping by 8.5 percent. Weak energy prices hit its annual profits and the company also disappointed by slashing its dividend."Centrica is ...

Markets - Equity - Europe

LONDON: Britain's top equity index retreated on Thursday from 15-year highs, with a drop in the share price of utility Centrica weighing on the market.The blue-chip FTSE 100 index, which had risen to a 15-year high of 6,921.32 points on Wednesday, fell 0.4 percent to 6,867.40 points in trading early in the session.Centrica was the worst-performing FTSE 100 stock in percentage terms, dropping by 7.6 percent. Weak energy prices hit Centrica's annual profits and the ...

Markets - Equity - Europe

European stocks weaken at open LONDON: Europe's main stock markets opened lower Thursday, with London's benchmark FTSE 100 index down 0.29 percent at 6,879.59 points.Frankfurt's DAX 30 shed 0.26 percent to 10,932.49 points and the CAC 40 index in Paris was down 0.22 percent to 4,782.59 compared with Wednesday's closeCopyright AFP (Agence France-Presse), 2015

Markets - Equity - Europe

Air France-KLM shares fall after results, new targets PARIS: Shares in Air France-KLM fell almost 6 percent after the group warned overcapacity on some routes and currency swings would offset most of the gain from lower oil prices this year, prompting it to strengthen cost cuts while easing a key debt reduction goal.In early trading following the release of lower 2014 core revenue and earnings, shares in Europe's second-largest traditional carrier were down 4.4 percent at 7.238 euros.Copyright Reuters, 2015