05242016Tue
Last update: Tue, 24 May 2016 08pm

Markets - Equity

Markets - Equity - Asia

Asian markets down after Wall St losses, but Tokyo rallies HONG KONG: Asian stock markets mostly fell Wednesday following a two-day rally and strong US data that fuelled talk of an interest rate hike, but Tokyo extended its recent gains after a better-than-forecast economic growth reading.Japan said the world's number three economy expanded 0.4 percent in the first three months of the year, better than expected and boosted by a pick-up in consumer spending.The country's benchmark Nikkei stock index swung in and out of positive territory in early trade as the upbeat figure was offset by fears it could allow the Bank of Japan to hold off any fresh stimulus for the time being. Stimulus bets "may be drying up a little", Masahiro Ichikawa, a senior strategist at Sumitomo Mitsui Asset Management Co. in Tokyo,told Bloomberg News."If the ... growth figure was a small increase, we might have seen more hopes for supportive policy, but with the data being better ...


Markets - Equity - Asia

Tokyo stocks up by break after growth data TOKYO: Tokyo stocks rose Wednesday morning after data showed Japan's economy expanded slightly more than expected in the first quarter to sidestep a recession.The world's number three economy grew 0.4 percent in January-March, preliminary figures from the Cabinet Office showed shortly before markets opened, beating forecasts."It's definitely stronger than I expected," Seiichiro Iwamoto, a senior fund manager at Mizuho Asset Management, told Bloomberg News."The environment abroad had deteriorated so it's no surprise that exports were ...

Markets - Equity - Europe

European shares end little changed; Taylor Wimpey, Vodafone rise LONDON/MILAN: European shares steadied on Tuesday with gains in companies such as Taylor Wimpey and Vodafone following encouraging updates and a rally in mining companies offset by a weaker auto sector. The pan-European FTSEurofirst 300 ended little changed after earlier rising to its highest since early May. The index, which closed flat also in the previous session, is still down over 8 percent this year.Taylor Wimpey advanced 4.7 percent after the housebuilder announced a new ...

Markets - Equity - Europe

BP exploration boss leaves after spending cuts LONDON: The head of exploration at BP , Richard Herbert, is leaving the British oil major after slightly more than two years in the job, a period in which the company slashed spending on the search for new deposits. Herbert, a BP veteran and a long-time ally of chief executive Bob Dudley, rejoined BP in October 2013 after several years at rival Talisman Energy. His task was to lead exploration activity to help the firm ...

Markets - Equity - Europe

London stocks buck weak global trend on strong company news LONDON: Stocks markets in Europe weakened on Tuesday, led lower by Wall Street, but London won support from a raft of positive company results and oil price gains.Frankfurt and Paris stocks closed in the red, while London edged 0.3 percent higher in value.In the British capital, shares in homebuilder Taylor Wimpey, which announced enhancements to its shareholder dividend policy and lifted its financial targets, rose 4.7 percent.Vodafone shares rallied 1.5 percent to 227.00 pence after ...

Markets - Equity - Europe

European shares weighed by weaker autos; Taylor Wimpey, Vodafone rise LONDON/MILAN: European shares steadied on Tuesday with gains companies such as Taylor Wimpey and Vodafone following encouraging updates offset by a weaker auto sector.The pan-European FTSEurofirst 300 was little changed by 1245 GMT after earlier rising to its highest since early May. The index, which closed flat in the previous session, is still down 8.5 percent this year.Taylor Wimpey advanced 4.8 percent after the housebuilder announced a new special payout, promising investors about 1.3 billion ...

Markets - Equity - Americas

TSX rises as energy stocks, Valeant gain TORONTO: Canada's main stock index gained on Tuesday as the energy group rose on higher oil prices and Valeant Pharmaceuticals International Inc surged after it said it would make required securities filings to Canadian regulators.Laval, Quebec-based Valeant, which is under scrutiny over its drug pricing, business practices and accounting, rose 4.5 percent to C$36.41 after saying it planned to make the filings on or before June 10.Canadian Natural Resources added 0.8 percent to C$38.03 and ...