02122016Fri
Last update: Fri, 12 Feb 2016 06am

Americas

Markets - Equity - Americas

TSX falls as results from Manulife, others disappoint TORONTO: Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy.The most influential weight on the index was Manulife Financial Corp, which slumped 7.3 percent to C$16.05 after the country's largest insurer missed market estimates for the fourth quarter and said it would be difficult to achieve its core earnings target for 2016.The heavyweight financials group fell 1.9 percent to its lowest level in more than two years, with Royal Bank of Canada down 1.7 percent to C$65.08 and Toronto-Dominion Bank off 1.7 percent at C$48.86.Telus Corp declined 3.4 percent to C$38.49 after the telecom company reported a fall in quarterly profit, hurt by increased competition and weaker demand for its wireless services, which the company blamed in part on broader economic weakness, particularly in Alberta.Teck Resources Ltd, North America's ...

Markets - Equity - Americas

Shares plunge on global growth, bank fears; US yields fall NEW YORK: Stock indexes worldwide stumbled on Thursday on fears over the health of the global economy, with banking shares slumping on both sides of the Atlantic, while safe-haven 10-year Treasury yields hit their lowest since 2012.Concern over sluggish global growth and doubts over central banks' ability to support the global economy pushed the U.S. benchmark S&P 500 index and the Dow Jones industrial average down more than 10 percent for the year.The FTSEurofirst 300 ...

Markets - Equity - Americas

TSX rises as financials recover, but energy and mining stocks drag TORONTO: Canada's main stock index rose on Wednesday as financial stocks clawed back some losses from the start of the week, offsetting energy and mining stocks that slid as crude oil prices fell.The most influential movers on the index included Royal Bank of Canada, which rose 1.5 percent to C$68.62, and Toronto-Dominion Bank, which advanced 0.9 percent to C$50.74. The overall financial services group rose 1.1 percent.Federal Reserve Chair Janet Yellen said conditions in the ...

Markets - Equity - Americas

Shares gain on Yellen comments, reduced bank fears NEW YORK: Stock indexes worldwide rebounded on Wednesday after comments from Federal Reserve Chair Janet Yellen eased concerns about the U.S. economy, while greater calm surrounding the European banking sector boosted that region's shares.Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks, but told Congress she does not expect the central bank to reverse its rate hike program.Stock markets have sagged given uncertainty surrounding monetary policy and a steep decline in commodity ...

Markets - Equity - Americas

TSX falls 2 percent as banks, energy stocks sink TORONTO: Canada's main stock index fell on Tuesday to a two-week low, again weighed down by bank and energy company shares as crude oil prices tumbled and investors globally worried about negative interest rates.The drop in oil prices was the major factor weighing on the market, according to Bryden Teich, associate portfolio manager at Avenue Investment Management.U.S. crude prices settled at $27.94 a barrel, down 5.89 percent.Financial stocks across the world have suffered, Teich added, ...

Markets - Equity - Americas

US stocks edge lower after volatile session NEW YORK: US stocks finished a choppy session modestly lower Tuesday as investors grappled with weakness in overseas equity markets and another drop in oil prices.The Dow Jones Industrial Average shed 12.67 points (0.08 percent) at 16,014.38.The broad-based S&P 500 lost 1.23 (0.07 percent) at 1,852.21, while the tech-rich Nasdaq Composite Index dropped 14.99 (0.35 percent) to 4,268.76.US stocks swayed between gains and losses all day after Japan's Nikkei plunged 5.4 percent and US oil ...

Markets - Equity - Americas

TSX falls as banks, energy stocks weigh TORONTO: Canada's main stock index on Tuesday fell to its lowest since late January, again weighed down by bank and energy company shares as investors globally retreat from equity markets.The most influential movers on the index were its heavyweight banks, with the financials group down 1.4 percent overall, while the energy sector retreated 1.8 percent, extending Monday's losses.Those two sectors account for a combined 56 percent weighting of the Toronto Stock Exchange's S&P/TSX composite index ...