Markets - Equity
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HONG KONG: Asian shares were broadly lower Wednesday, taking a lead from Wall Street as markets waited for news of whether a concrete plan to tackle the eurozone's debt crisis will emerge at an EU summit later.
Tokyo was down 0.64 percent in morning trade, Hong Kong was 0.63 percent lower and Seoul dipped 0.35 percent. Sydney also opened lower before clawing back into positive territory. Chinese shares were flat in early trade.
The uncertainty in the European Union has weighed on global commodity and equity markets for months, with Italy now joining Greece in the emergency room.
The cancellation of an EU finance ministers' meeting before Wednesday's summit hiked concerns that the high-level talks will fail to produce a deal to end a crisis that has threatened to plunge the world economy into recession.
"The cacophony of voices, shifting timelines and complexity of the problem lead us to remain cautious on the euro ...
HONG KONG: Hong Kong shares were set for a lower start on Wednesday, weighed down by mainland financials ahead of some third-quarter earnings and a euro zone leaders summit on the region's lingering debt issues later in the day.
The Hang Seng Index was set to start down 1.27 percent at 18,727.96. The China Enterprises Index of top Chinese companies listed in Hong Kong was poised to begin down 1.57 percent at 9,705.86.
Copyright Reuters, 2011 ...
MEXICO CITY: Latin American stocks dipped on Tuesday on concerns European leaders may not deliver a bold plan this week to ease a debt crisis, but indexes clung to key technical levels that could point to a year-end rally.
The MSCI Latin American stock index slipped 0.17 percent from a more than one-month high hit in the previous session.
Despite the dip, both Mexico's and Brazil's markets held above closely watched levels on their charts that could ...
TORONTO: Toronto's main stock index ended moderately lower on Tuesday, giving up early gains, as pessimism over an upcoming European debt summit mounted.
The Toronto Stock Exchange's S&P/TSX composite index ended down 52.53 points, or 0.43 percent, at 12,109.75.
Copyright Reuters, 2011 
NEW YORK: Amazon shares plunged in after-hours trading on Tuesday as the online retail giant said net profit fell sharply in the third quarter and provided a weak outlook for the holiday period.
Amazon shares shed 14.25 percent to $194.77 after the Seattle, Washington-based company released its earnings for the quarter which ended on September 30.
Amazon said net profit declined 73 percent to $63 million in the quarter compared to the same quarter a year ago.
Earnings ...
NEW YORK: US stocks dropped Tuesday on indications of a still-weak economy and worries that European leaders might not reach a deal on resolving the eurozone crisis in tomorrow's summit.
In closing trade the Dow Jones Industrial Average was down 205.64 points (1.73 percent) to 11,707.98.
The broader S&P 500 fell 25.01 (1.99 percent) to 1,229.18, while the tech-heavy Nasdaq Composite gave up 48.55 (2.04 percent) to 2,638.42.
Wells Fargo Advisors analyst Scott Marcouiller cited disappointing earnings and ...
NEW YORK: US stocks opened lower Tuesday, following drops in European markets as caution over whether a comprehensive deal on ending the eurozone crisis could be stuck by the promised Wednesday deadline.
The Dow Jones Industrial Average was down 128.97 (1.08 percent) to 11,784.65 in the first 10 minutes of trade.
The broader S&P 500 fell 16.44 (1.31 percent) to 1,237.75, while the tech-heavy Nasdaq Composite gave up 36.70 (1.36 percent) to 2,662.74.
There were signs that Europe's ...More Articles...
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