02062016Sat
Last update: Sat, 06 Feb 2016 08pm

Americas

Markets - Equity - Americas

Poor outlooks from Apple, Boeing pull US stocks lower NEW YORK: US stocks opened lower Wednesday after Apple and Boeing shares fell sharply on disappointing earnings forecasts.Five minutes into trade, the Dow Jones Industrial Average was at 16,038.48, down 128.75 points (0.80 percent).The broad-market S&P 500 fell 7.03 (0.37 percent) to 1,896.60, while the tech-rich Nasdaq Composite dropped 17.60 (0.39 percent) to 4,550.07.Apple shares sank 5.2 percent after the tech giant reported only minimal growth in sales of iPhone, its main money-maker, in the fiscal first quarter and forecast the first ever decline in iPhone sales in the current quarter.Boeing meanwhile slumped 8.3 percent after offering a disappointing 2016 outlook, saying revenues and deliveries could fall, and offering an earnings per share forecast well below what analysts were expecting.The Wall Street action came as Federal Reserve policymakers meet for a second day, after raising interest rates in December for the first time in more than nine years.While no change ...

Markets - Equity - Americas

Shares of Brazil's JBS shares fall after executives charged SAO PAULO: Shares of Brazilian meatpacker JBS SA fell more than 8 percent on Tuesday after prosecutors charged the head of its controller J&F Investimentos and eight others from the JBS group and bank Banco Rural with crimes against the financial system. In a statement on Tuesday, prosecutors said companies within Grupo JBS had passed on loans to each other in 2011, which is illegal in Brazil. JBS and J&F representatives did not immediately respond ...

Markets - Equity - Americas

TSX gains as oil price rise boosts energy shares TORONTO: Canada's main stock index rose on Tuesday as shares in banks and energy companies were helped higher by a recovery in the price of oil to above $30 a barrel.There were six gainers for every decliner on the Toronto Stock Exchange's S&P/TSX composite index in morning trade, with all ten main groups gaining.At 10:10 a.m. EST (1510 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 116.67 points, or 0.96 percent, at 12,259.83.The ...

Markets - Equity - Americas

Stocks, oil rise on hopes of crude output cut NEW YORK: Global stock markets and oil prices rose on Tuesday in another volatile session on hopes oil producers would pare production to alleviate the supply excess that has punished equity prices and pushed oil values to 12-year lows.Nervous investors put more money into low-risk yen, Swiss franc, gold, U.S. and German government debt as they await more clues whether the Federal Reserve and other central banks would provide support to stabilize markets that have ...

Markets - Equity - Americas

TSX drops nearly 2 pct, oil slide weighs on energy and financials TORONTO: Canada's main stock index fell on Monday as last week's crude-induced rally fizzled out and a fall in oil prices weighed on energy companies and financial shares.The index scored its biggest rally in more than four years on Friday, closing 2.6 percent higher for the week. But optimism that central banks in Europe and Japan will increase policy stimulus gave way to concern about the growth outlook and renewed pressure on crude oil prices."There's ...

Markets - Equity - Americas

Wall Street weighed down by energy stocks Wall Street stumbled on Monday after its first positive week of 2016, pulled lower by further weakness in oil prices as energy shares led declines.Oil prices fell more than 5 percent on concerns of oversupply after news that Iraq's output reached a record last month.The S&P energy group dropped 3.2 percent, the worst performing sector. Exxon and Chevron were each off nearly 2 percent, while ConocoPhillips tumbled 7 percent after Barclays said the company should ...

Markets - Equity - Americas

US stocks drop as oil shares hit NEW YORK: US stocks retreated early Monday as oil prices fell to start a week with a Federal Reserve policy meeting and earnings from Apple, Boeing and other giants on the schedule.About 30 minutes into trade, the Dow Jones Industrial Average was at 16,030.13, down 63.38 points (0.39 percent).The broad-based S&P 500 shed 8.48 (0.44 percent) at 1,898.42, while the tech-rich Nasdaq Composite Index fell 12.51 (0.27 percent) to 4,578.67.Major companies reporting earnings this week ...