01202017Fri
Last update: Fri, 20 Jan 2017 06am

Americas

Markets - Equity - Americas

EMERGING MARKETS-Brazil real, stocks down on local political concerns    SAO PAULO: Brazil's currency and stocks fell on Thursday as traders feared frictions between lawmakers and prosecutors could increase political instability and delay the approval of austerity measures.Senate President Renan Calheiros tried to accelerate on Wednesday the approval of a greatly watered-down package of anticorruption measures but failed to gather enough support for the early vote.Prosecutors have accused the Brazilian Congress of seeking to block the sweeping Car Wash graft probe as it comes close to incriminating several lawmakers.The Brazilian real weakened 2 percent, by far the worst-performing currency in Latin America.The Mexican and Colombian pesos slipped roughly 0.7 despite rising crude prices as persistent fears of higher US interest rates weighed on market sentiment.Brazil's benchmark Bovespa stock index fell 2.5 percent, led lower by a slump in shares of bank Ita? Unibanco Holding SA.Federal police launched a raid targeting Ita? as part of a probe into alleged bribery of tax officials regarding a case involving a local unit of FleetBoston Corp ...

Markets - Equity - Americas

US stocks drift lower in post-holiday trading WASHINGTON: US stocks pulled back in early trading Monday, following a four-session winning streak as investors looked ahead to a week rich in economic data.A half-hour into the day's session, the first full trading day following the Thanksgiving holiday, the Dow Jones Industrial Average, S&P 500 and Nasdaq were all 0.2 percent lower at 19,106.43, 2,209.08 and 5,389.60, respectively.US stock indices have smashed records, rallying since Donald Trump's November 8 upset victory over Hillary Clinton ...

Markets - Equity - Americas

US stocks open lower in post-holiday trading WASHINGTON: US stocks opened lower Monday following a four-session winning streak as investors looked ahead to a week rich in economic data.About five minutes into trading on the first full day back from the Thanksgiving holiday weekend, the Dow Jones Industrial Average, S&P 500 and Nasdaq were all trading 0.2 percent lower at 19,114.75, 2,209.69 and 5,386.83 respectively.Oil prices rebounded at the start of the week after turning sharply lower on Friday as investor hopes ...

Markets - Equity - Americas

TSX falls, weighed by railroad, energy, financial shares TORONTO: Canada's main stock index fell on Monday as railroad, energy and financial names lost ground, offsetting gains for the materials group as base and precious metals prices rose.At 10:53 a.m. EST (1553 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 27.2 points, or 0.18 percent, to 15,048.24. Last week, the index advanced 1.4 percent, extending its rally since the US election.The most influential movers on the index included railroad stocks, with Canadian National ...

Markets - Equity - Americas

TSX falls as industrials, financials lose ground TORONTO: Canada's main stock index fell on Monday as industrials and financials lost ground, offsetting gains for the materials group as commodity prices rose. The Toronto Stock Exchange's S&P/TSX composite index was down 24.36 points, or 0.16 percent, at 15,051.08, shortly after the open. Seven of the index's 10 main groups were lower. Copyright Reuters, 2016 ...

Markets - Equity - Americas

Wall St Week Ahead-Retail stock rally leaves few bargains for investors SAN FRANCISCO: Wall Street expects consumers to open their wallets a little wider this holiday shopping season but bargains among red-hot retail stocks could be hard to find, especially as profit growth proves elusive for many big names. Retailers, including Best Buy, Kohls Corp and Macy's, that were pummeled in last year's disappointing holiday quarter have seen their shares surge recently on expectations that the worst is over, and that an improved economy will send ...

Markets - Equity - Americas

Global stocks rise but oil slides on OPEC skepticism NEW YORK: Global stocks ended the week higher, with US indices all finishing at new records, while oil prices fell sharply amid continued skepticism about chances for a deal at next week's OPEC meeting.All three major US equity indices hit fresh records Friday, with the Dow closing at a new high for the fourth straight session.Analysts said trading volume in the holiday-shortened session was light, allowing stocks to drift higher based on the positive sentiment ...