CORRECTED - Stocks rise despite U.S. market lag, oil up| Reuters
Mar 03, 2016 at 02:30 | Source:
(Corrects headline to say oil was up, paragraph 17 to say Brent crude was higher)By Dion RabouinNEW YORK A measure of global equity markets on Wednesday rose to the highest in nearly two months, pushed upward by positive U.S. economic data that was c...
Asian shares in for worst week in four years on panic over China| Reuters
Jan 08, 2016 at 07:30 | Source:
TOKYO Asian shares are on course to post their biggest weekly fall in more than four years as investors dumped risk assets on fears over China's economy and its turbulent financial markets.China announced late on Thursday it suspended its new stock m...
Chinese stocks: canary or elephant for world markets this year?| Reuters
Jan 07, 2016 at 01:30 | Source:
LONDON Canary in the coal mine or elephant in the room? For investors, either idiom could apply to Chinese stocks in what is already shaping up to be a rocky ride for global markets this year.Pessimists would go for the canary metaphor: the New Year ...
Apple shares off but weather U.S. market selloff| Reuters
Jan 05, 2016 at 00:15 | Source:
SAN FRANCISCO Shares of Apple Inc (AAPL.O) fell to their lowest since August on Monday following recent worries about potentially soft iPhone sales but fared better than a 2 percent drop in major indexes.At one point Apple was down 3 percent and weig...
Sensex gets into Christmas mood, ends 260 pts higher
Dec 23, 2015 at 16:27 | Source:
Domestic equity markets swung back into action on Wednesday after retreating more than 140 points a day before, as a US-led recovery in overnight trades provided a perfect platform for local traders to mount bullish bets ahead of the Christmas-led we...
Oil-by-rail pioneer Borgen betting on resurgence despite downturn| Reuters
Dec 19, 2015 at 02:30 | Source:
HOUSTON Three years ago Dan Borgen exited the domestic oil-by-rail business just as it was ramping up to focus on building infrastructure to get Canadian crude on trains to U.S. markets.Now Borgen is back in what appears to be another counter-cyclica...
Whirlpool seeks duties on Samsung, LG washers made in China| Reuters
Dec 17, 2015 at 06:15 | Source:
WASHINGTON Whirlpool Corp (WHR.N) asked the U.S. government on Wednesday to impose duties on washers made by Samsung Electronics and LG Electronics (005930.KS) in China, alleging that they are being sold in the United States at prices below productio...
Blackstone invests $170 million in India's IBS Software| Reuters
Dec 17, 2015 at 00:45 | Source:
MUMBAI U.S. private equity firm Blackstone Group LP has bought a minority stake in India's IBS Software for $170 million from General Atlantic and other shareholders.Blackstone and IBS, a software company involved in the travel, hospitality, logisti...
Electrolux's U.S. plans in tatters as GE deal falls through| Reuters
Dec 07, 2015 at 23:15 | Source:
STOCKHOLM Electrolux's $3.3 billion deal to buy General Electric's (GE) appliance business fell through on Monday, torpedoing the Swedish firm's plan to bolster its U.S. business and sending its shares down as much as 15 percent.Electrolux said it wo...
Sensex drops nearly 250 pts on weak global cues; rupee hits 2-yr low
Dec 04, 2015 at 10:35 | Source:
In accordance with the steep fall in global markets, Indian equities took further hit in early Friday trade after yesterday's weak close, and tumbled nearly 250 points on across-the-board selling pressure.The benchmark Sensex today opened 86 points l...
Stocks slammed by ECB; euro jumps most since 2009| Reuters
Dec 04, 2015 at 04:30 | Source:
NEW YORK U.S. and European stocks closed down sharply on Thursday and the euro enjoyed its biggest one-day percentage rise in well over six years as investors reacted to the European Central Bank's latest policy easing measures.U.S. bond yields saw t...