06302016Thu
Last update: Thu, 30 Jun 2016 01pm

Americas

Markets - Equity - Americas

US stocks up as oil shares climb NEW YORK: Wall Street stocks climbed in opening trade Tuesday as higher oil prices lifted petroleum-linked shares.Dow member ExxonMobil advanced 0.7 percent and midsized producers Apache and EOG Resources gained more than 1.0 percent as the US oil benchmark contract rose above $50 a barrel due in part to supply disruptions in Nigeria. The US increases shadowed gains in European bourses after the Eurostat statistics agency modestly raised first-quarter growth to 0.6 percent from the prior 0.5 percent.Five minutes into trade, the Dow Jones Industrial Average was at 17,980.50, up 0.3 percent.The broad-based S&P 500 rose 0.2 percent to 2,112.54, while the tech-rich Nasdaq Composite Index added less than 0.1 percent at 4,969.83.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

US jobs data sink stock rally, dollar NEW YORK: A dismal US jobs report sank the dollar and Wall Street stocks and cut short a rally on European bourses on Friday as it heightened worries about weak international growth.The smallest monthly job creation tally in nearly six years took a looming rate hike by the Federal Reserve off the table, probably until September or later, according to analysts.The US added only 38,000 net new positions in May, a quarter of the amount ...

Markets - Equity - Americas

Wall Street tumbles on poor US jobs report NEW YORK: A surprisingly poor May jobs report sent US stocks tumbling Friday even as it virtually eliminated chances of an interest rate hike by the Federal Reserve this month.Bank shares fell sharply, with Citigroup dropping 3.4 percent and Bank of America 3.5 percent, as the prospects for lower rates longer is expected to hit lending margins.But the markets finished well off their lows. The Dow Jones Industrial Average closed down 0.2 percent at 17,807.06.The ...

Markets - Equity - Americas

Banks lead Wall St slide after dismal jobs data NEW YORK: Financial stocks led Wall Street lower on Friday after a surprisingly weak jobs report for May prompted concerns about the US economy and whether it can sustain a near-term interest rate hike. The US economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply. Nonfarm payrolls increased by only 38,000 jobs last month against economists' forecast for an increase of 164,000. Traders significantly ...

Markets - Equity - Americas

US jobs data sink stock rally, dollar LONDON: Data showing lacklustre job creation in the United States squelched a rally on European equity markets on Friday, also sending the dollar and Wall Street lower.Data from the US Labor Department showed the economy generated a paltry 38,000 net new positions in May, a quarter of the amount expected, and the lowest number since September 2010.Coupled with downward revisions to the two previous months' totals, removing 59,000 jobs originally tabled, the report crumbled the ...

Markets - Equity - Americas

Oracle shares sink as lawsuit alleges sales were hyped NEW YORK: Shares in Silicon Valley titan Oracle fell more than four percent Thursday after a former accountant alleged in a whistle-blower lawsuit that she was pressed to exaggerate cloud-computing sales data.In the suit filed in the US district court in San Francisco on Wednesday, Svetlana Blackburn accused the software giant of pressuring her last year to boost records of expected sales payments, or accruals, by millions of dollars.When Blackburn, who was a senior finance ...

Markets - Equity - Americas

US stocks stage late rebound, dollar slips NEW YORK: US stock prices rose slightly on Wednesday helped by a late recovery in oil prices and an encouraging economic report from the Federal Reserve, but equity prices in other major world markets fell on worrisome Chinese and European factory data. The US dollar slipped on fresh doubts about a Federal Reserve interest rate rise in June and Japan's postponement of a sales tax increase which helped to boost the yen. Oil prices ended ...