07272016Wed
Last update: Wed, 27 Jul 2016 06pm

Americas

Markets - Equity - Americas

US stocks edge up as Yellen addresses Senate panel NEW YORK: US stocks rose slightly Tuesday morning as Federal Reserve Chair Janet Yellen opened congressional testimony on monetary policy and warned of risks if Britain votes to leave the European Union.In testimony to the Senate Banking Committee, Yellen said that the US economy faces "considerable uncertainty" from slower domestic activity and from Thursday's possible British vote in favor of exiting the EU, which "could have significant economic repercussions."About 35 minutes into trade, the Dow Jones Industrial Average was at 17,808.23, up less than 0.1 percent.The broad-based S&P 500 also added less than 0.1 percent at 2,083.81, while the tech-rich Nasdaq Composite Index rose 0.1 percent to 4,840.55.Apple gained 0.8 percent on reports that it will likely soon open retail stores in India following a favorable regulatory ruling in the country on foreign-owned companies with cutting-edge technology.United Continental jumped 3.4 percent as it pledged a series of cost-cutting and operational ...

Markets - Equity - Americas

TSX gains as Brexit worry subsides; materials drag TORONTO: Canada's main stock index jumped higher in early trade on Monday, as investors returned to equity markets on rising expectations that Britain will vote to remain in the European Union later this week. The Toronto Stock Exchange's S&P/TSX composite index was up 133.26 points, or 0.96 percent, at 14,035.03 shortly after the open. Nine of its 10 main groups rose, with materials the only drag. Copyright Reuters, 2016 ...

Markets - Equity - Americas

US stocks bolt higher in Brexit relief rally NEW YORK: US stocks traded sharply higher Monday, joining a global markets rally as investors cheered polls suggesting Britons may choose to remain in the European Union in a vote this week.Polls in Britain showed the "Remain" camp gaining ground against "Leave" supporters, putting the race neck-and-neck just three days before Thursday's referendum."Relief seen in just about every corner," said Patrick O'Hare of Briefing.com.Forty minutes into trade, the Dow Jones Industrial Average was up 1.2 ...

Markets - Equity - Americas

TSX rises as Brexit fears recede; gold miners weigh TORONTO: Canada's main stock index rose on Monday, with financial and energy stocks leading a broad rally as investors returned to equity markets on rising expectations that Britain will vote to remain in the European Union later this week. In early trade North American indices lagged the sharp gains of Europe's markets, which had been stung by worries that a British exit, or Brexit, would prove economically calamitous. At 10:20 a.m. EDT (1420 GMT), the ...

Markets - Equity - Americas

US regulator approves new IEX stock exchange WASHINGTON: US regulators have given trading group IEX a green light to launch a new stock exchange, which will operate at a slightly slower speed of trading, the Securities and Exchange Commission said.Investors Exchange (IEX) will introduce a small delay or "speedbump" of 350 milliseconds on orders to buy and sell stock, in an attempt to level the playing field for ordinary investors and thwart predatory, high-frequency traders."Today's actions promote competition and innovation, which our ...

Markets - Equity - Americas

Apple's China problems hit US stocks NEW YORK: US stocks dipped early Friday on reports of a crackdown on Apple by China that offset rising optimism that Britain will vote to stay in the European Union.Apple shares fell 1.7 percent following reports that the city of Beijing concluded the technology giant had violated a Chinese company's design patents and may be forced to halt sales of its latest iPhones in the Chinese capital.Equity markets in Europe and Japan reversed Thursday's losses ...

Markets - Equity - Americas

TSX rises, led by energy and financials as oil rebounds TORONTO: Canada's main stock index rose on Friday, led by energy and financial stocks as oil prices climbed for the first time in seven days. The Toronto Stock Exchange's S&P/TSX composite index was up 42.35 points, or 0.31 percent, at 13,924.76, shortly after the open. Five of the index's 10 main groups were higher. Copyright Reuters, 2016 ...