09292016Thu
Last update: Thu, 29 Sep 2016 11am

Americas

Markets - Equity - Americas

Wall St dips after China data; Greek worry continues NEW YORK: US stocks slipped on Monday, on the heels of disappointing Chinese economic data and signs of increased tensions surrounding Greek debt negotiations.China's exports fell 3.3 percent from a year ago while imports tumbled 19.9 percent, well short of expectations, raising concerns about the world's second-largest economy.Greece's Prime Minister Alexis Tsipras on Sunday ruled out any extension of its international bailout and announced moves to reverse some of the reforms imposed by its lenders. On Monday, European Commission President Jean-Claude Juncker said Greeks should not expect the euro zone to accept the latest terms proposed by Greece.National Bank of Greece U.S.-listed shares dropped 7.4 percent to $1.12."We are seeing heightened nervousness over the Greek elections and the policies that could make or break its EU membership," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey."In addition, the Chinese economic data disappointed and added to the ...

Markets - Equity - Americas

Big week for US stocks as oil prices rally NEW YORK: Wall Street stocks scored their best week of 2015 so far following a rally in oil prices, good US jobs data and some significant corporate acquisitions.For the week, the Dow Jones Industrial Average surged 659.34 points (3.84 percent) to 17,824.29.The broad-based S&P 500 jumped 60.48 (3.03 percent) to 2,055.47, while the tech-rich Nasdaq Composite Index advanced 109.16 (2.36 percent) to 4,744.40.Analysts cited higher oil prices as a source of investor relief. After retreating ...

Markets - Equity - Americas

TSX falls as US rate hike fears hit gold shares TORONTO: Canada's main stock index fell on Friday as strong US jobs data increased investor worries that the US Federal Reserve will raise interest rates, sending the bullion price and shares of gold miners sharply lower. Data showed US job growth climbed in January and wages rebounded strongly, raising expectations the Fed will increase interest rates sooner than later. The benchmark Canadian index recorded a weekly gain of 2.8 percent. It is up 3.1 percent ...

Markets - Equity - Americas

Wall St ends down on interest rate, Greece jitters NEW YORK: Wall Street stocks fell on Friday as a better-than-expected US jobs report raised expectations that the Federal Reserve will increase interest rates by midyear, while renewed worries over Greece's debt negotiations added to the bearish tone. The S&P 500 index of utilities, often used as a bond proxy by investors in a low-rate environment, fell 4.1 percent, its biggest daily drop since August 2011, as US government debt yields jumped.In another sign of ...

Markets - Equity - Americas

Petrobras drives Bovespa lower on reports of new CEO RIO DE JANEIRO: Shares of Brazil's state-run Petrobras fell sharply on Friday, weighing heavily on the benchmark Bovespa stock market index, as investors were disappointed by reports that Banco do Brasil's chief executive Aldemir Bendine was chosen to head the embattled oil company.Hit by a corruption scandal that has forced its CEO and five other senior executives to resign, Petrobras has increasingly lost the confidence of investors and has been unable to tap international capital ...

Markets - Equity - Americas

Wall St edges up at the open after jobs report NEW YORK: US stocks opened slightly higher on Friday, putting the S&P 500 on track to extend its best weekly gain in seven, after a stronger-than-expected monthly payrolls report. The Dow Jones industrial average rose 15.8 points, or 0.09 percent, to 17,900.68, the S&P 500 gained 2.57 points, or 0.12 percent, to 2,065.09 and the Nasdaq Composite added 4.39 points, or 0.09 percent, to 4,769.49. Copyright Reuters, 2015 ...

Markets - Equity - Americas

TSX opens higher on US data, oil prices TORONTO: Canada's main stock index opened higher on Friday as strong US jobs data boosted investor sentiment and higher oil prices lifted shares of energy producers. The Toronto Stock Exchange's S&P/TSX composite index was up 39.24 points, or 0.26 percent, at 15,164.16 shortly after the open. Copyright Reuters, 2015 ...