06252016Sat
Last update: Sat, 25 Jun 2016 11am

Americas

Markets - Equity - Americas

TSX rises as financials rally; resource stocks dip with commodities TORONTO: Canada's main stock index rose on Friday as financials rallied, while resource stocks retreated with commodities and investors waited for possible clues on the timing of US interest rate hikes from Federal Reserve Chair Janet Yellen. Financial stocks were among the most influential movers on the index after banks on Thursday reported better-than-expected second-quarter earnings even as they warned of further losses from oil loans in coming quarters. Toronto-Dominion Bank rose 0.7 percent to C$57.88, and Brookfield Asset Management Inc advanced 1.3 percent to C$45.99, while the overall financials group was up 0.6 percent. Shares of Valeant Pharmaceuticals International Inc rose 8.5 percent to C$37.85. The drugmaker received a joint takeover offer from Japan's Takeda Pharmaceutical Co Ltd and TPG Capital Management LP this spring that it rejected, according to a source familiar with the matter. Yellen is due to speak at an event hosted by Harvard University at ...

Markets - Equity - Americas

Dollar falls on durables data; stocks steady NEW YORK: The US dollar fell on Thursday after U.S. durable goods orders data showed weakness in business spending plans, while world stock indexes were little changed after two days of strong gains.Oil prices were lower after earlier topping $50 a barrel for the first time in roughly seven months.Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business ...

Markets - Equity - Americas

US stocks dip as bank shares retreat NEW YORK: Wall Street stocks retreated early Thursday as financial stocks slipped into negative territory after big gains the last two sessions.Shares of JPMorgan Chase, Citigroup and Bank of America were all down after strong rises Tuesday and Wednesday supported helped the overall market rally.About 35 minutes into trade, the Dow Jones Industrial Average was less than 0.1 percent at 17,845.10.The broad-based S&P 500 shed 0.1 percent to 2,089.16 while the tech-rich Nasdaq Composite Index ...

Markets - Equity - Americas

TSX scores a 9-month high, led by energy and financials TORONTO: Canada's main stock index scored a nine-month high on Wednesday, led by energy and financial stocks as oil rose and investors grew more comfortable with the prospect of an interest rate hike as early as next month by the US Federal Reserve. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 100.89 points, or 0.72 percent, at 14,053.74. Six of the index's 10 main groups ended higher. Copyright Reuters, 2016 ...

Markets - Equity - Americas

Brazilian stocks up after lawmakers approve budget deficit SAO PAULO: Brazilian equities rose on Wednesday after interim President Michel Temer's government cleared its first major test in Congress, gaining permission to post a record budget gap this year.Many traders had feared Temer's two-week-old administration could struggle to gather support for the bill after the resignation of a high-ranking minister accused of plotting to hamper a sweeping corruption probe."The honeymoon is over and Temer is taking his first steps in Congress," said Jaime Ferreira, ...

Markets - Equity - Americas

Nasdaq jumps 2pc as US stocks advance NEW YORK: Technology and banking shares were among the big winners Tuesday as US stocks powered higher behind greater confidence in the US economic outlook.Investors had been troubled by the prospects of a Federal Reserve interest rate increase, but "now they're starting to embrace it," said Charlie Bilello of Pension Partners. "It means the economy is doing a bit better."Sentiment was further boosted by Commerce Department data that showed US new-home sales in April surged ...

Markets - Equity - Americas

Dollar climbs on Fed expectations; stocks jump NEW YORK: The dollar hit an 8-week high against the euro on Tuesday as expectations grew that the U.S. Federal Reserve could raise interest rates sooner than later, while world stock indexes rallied with financial and tech shares.Surprisingly strong data on U.S. new home sales in April supported the view the economy may be strong enough for the Fed to raise interest rates as early as June, pushing U.S. Treasury prices to session lows.Last week, ...