01182017Wed
Last update: Wed, 18 Jan 2017 11pm

Markets - Equity

Markets - Equity - Middle East & Africa

South Africa's stocks slip, Naspers gives back gains JOHANNESBURG: South African stocks snapped a five-day winning streak on Tuesday, dragged down by e-commerce firm Naspers, which slid after the head of its Chinese money-spinner Tencent sold a large stake in the firm. Naspers, the most expensive African company, fell 5.6 percent, after scaling record levels on Monday and tracking Tencent's decline in China. Tencent slumped after the chief executive reduced his holdings in China's biggest social networking and online entertainment firm. But analysts said Naspers' shares could rebound as the fundamentals of the firm were sound. "Nothing has changed from a fundamental perspective on that company at all. We'll see some buying support coming back in again," said Ferdi Heyneke, a portfolio manager at Afrifocus Securities. After hitting all-time highs in the previous session, the benchmark Top-40 index was down 0.57 percent to 47,039 and the broader All-share index dipped 0.52 percent to 53,311. Iron ore producer Assore ...


Markets - Equity - Europe

European stocks disconnect as Nokia rings up Alcatel takeover LONDON: Europe's main stock markets diverged Tuesday after news that Finnish telecoms giant Nokia was in advanced talks to buy Franco-American rival Alcatel-Lucent.The benchmark CAC 40 index in Paris dropped 0.73 percent to 5,215.59 points in mid-afternoon deals, while Frankfurt's DAX 30 shed 0.83 percent to 12,236.09 points.London's FTSE 100 however edged up 0.05 percent to 7,068.11 points, as investors digested news that British annual inflation held at a record-low zero in March.Also Tuesday, the ...

Markets - Equity - Europe

Stocks fall on worries over dollar strength, Greece LONDON: Global stock markets edged down on Tuesday as investors worried about the impact of a strong dollar on U.S. company earnings and unease over Greece's debt crisis overshadowed news of a possible merger between two big European telecoms equipment firms.As investors awaited U.S. retail sales data that could add to the case for rate hikes from the Federal Reserve later this year, the dollar traded close to a 12-year high against a basket of ...

Markets - Equity - Americas

Wall St edges up after JPMorgan, J&J results NEW YORK: US stocks rose modestly on Tuesday as investors digested the initial major earnings of the first-quarter reporting season, which showed some weakness despite companies topping lowered expectations.JPMorgan Chase & Co posted stronger-than-expected earnings growth, helped by a rebound in fixed-income trading. Revenue rose 5 percent. The stock rose 1.8 percent to $63.22 as the S&P 500's biggest percentage gainer. Wells Fargo & Co dipped 0.8 percent to $54.15 despite also reporting first-quarter earnings ...

Markets - Equity - Europe

European shares dip as worries over Greece offset M&A fever PARIS: European stocks dipped on Tuesday as renewed worries over Greece offset the positive impact from news of a tie-up between Nokia and Alcatel-Lucent.Shares in the French telecom gear maker surged 12.3 percent while its Finnish rival lost 6.5 percent after the two firms said they were in advanced talks for Nokia to take over Alcatel.The deal added to a recent wave of M&A activity that has helped driven European shares higher. However, it wasn't ...

Markets - Equity - Europe

FTSE moves closer to record highs as miners and banks gain LONDON: Britain's top equity index rose back within reach of record highs on Tuesday as steady metals prices helped mining stocks rebound, while Barclays rose after it was named as second-favourite European banking stock by Credit Suisse.Traders added that signs of takeover activity, with Nokia planning to buy telecoms peer Alcatel-Lucent just a week after Royal Dutch Shell's bid for energy rival BG, were also propping up stock markets. Alcatel-Lucent shares were up 12 percent.The ...

Markets - Equity - Europe

European stocks slip as Nokia rings up Alcatel takeover LONDON: Europe's main stock markets slid Tuesday despite news that Finnish telecoms giant Nokia was in advanced talks to buy Franco-American rival Alcatel-Lucent.The benchmark CAC 40 index in Paris dropped 0.71 percent to 5,216.50 points, while Frankfurt's DAX 30 shed 0.64 percent to 12,259 points.London's FTSE 100 nudged 0.01 percent lower to 7,063.80 points, as investors digested news that British annual inflation held at a record-low zero in March.The euro eased to $1.0552 from $1.0571 ...