07282016Thu
Last update: Thu, 28 Jul 2016 11am

Markets - Equity

Markets - Equity - Americas

TSX edges higher after Greek election results TORONTO: Canada's main stock index edged higher on Monday, up for a fourth straight session, as investors reacted tentatively to the leftist Syriza party's victory in the Greek election and its demands for a restructuring of the country's international debt.Greek leftist leader Alexis Tsipras was sworn in on Monday as the prime minister of a new anti-bailout government and promised the austerity imposed by international creditors for the past five years was over. The benchmark TSX's modest advance came after a week in which it recorded its biggest gain in six weeks.The recovery has helped reverse recent weakness due to a drop in oil prices, triggered by concerns about increasing supply and sluggish demand.The imbalance in the supply-demand equation for oil could become more favorable over time, said Craig Bethune, portfolio manager at Manulife Asset Management's global natural resources equity team. "When you start to see the rate of change ...


Markets - Equity - Americas

Wall Street edges higher as snowstorm dulls trade NEW YORK: A massive snowstorm descending on New York dulled Wall Street trade Monday but stocks ended a bit higher, helped by some positive quarterly earnings reports.After a slow start, with some worries about the victory of the leftist Syriza party in Greek elections, stocks picked up. The Dow Jones Industrial Average finished up 6.10 points (0.03 percent) at 17,678.70.The broader S&P 500 added 5.26 (0.26 percent) at 2,057.08, while the Nasdaq Composite gained 13.88 ...

Markets - Equity - Americas

Wall St flat after leftists win Greek elections NEW YORK: US stocks were little changed on Monday after a decisive Greek election victory by the leftist Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The Syriza party looked set to take on Greece's international lenders, with leader Alexis Tsipras pledging to end five years of austerity and renegotiate Greece's debt agreements. Potential conflicts with other euro zone governments ...

Markets - Equity - Americas

Wall Street braces for storm; exchanges to stay open NEW YORK: Some Wall Street traders booked hotels, while banks and brokerages prepared to get by with bare bones staffing, but major exchanges said it was business as usual as a potentially historic blizzard bore down on the northeast. Financial professionals snapped up hotel rooms in Manhattan in anticipation that roads and public transportation could grind to a halt due to the storm, which threatens to dump up to 3 feet (90 cm) of snow ...

Markets - Equity - Europe

European stocks push higher PARIS: Europe's main stock markets shrugged off Monday the election of an anti-austerity party in Greece to close higher, with London's FTSE 100 rising 0.29 percent to end the day at 6,852.40 points.Frankfurt's DAX 30 index jumped 1.40 percent to a new record close of 10,798.33 points, while in Paris the CAC 40 climbed 0.74 percent to 4,675.13 points.Copyright AFP (Agence France-Presse), 2015

Markets - Equity - Middle East & Africa

Saudi stock market to open to foreigners by mid-2015 RIYADH: Saudi Arabia is on track to open its stock market to foreign investors by the end of June, the market's chief regulator said on Monday.A final date will be announced after relevant regulations are issued but it "will be before the end of the first half of 2015," said Mohammed al-Shaikh, chairman of the Capital Market Authority.Penny-stock players, however, will not be welcome on the expanded Tadawul All-Shares Index, the largest Arab bourse."We really ...

Markets - Equity - Middle East & Africa

Saudi Arabia rises after smooth royal succession DUBAI: Saudi Arabia's stock market rose on Monday as it traded for the first time since King Salman succeeded his brother Abdullah, who died on Friday. Other bourses in the region were neutral or negative.After swiftly assuming power, King Salman pledged continuity in energy and foreign policies and appointed younger men as his heirs, appearing to settle the succession issue for years to come.Investors reacted positively to the smooth succession and the kingdom's main index ...