Monday, June 18, 2018
LONDON - World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index. MSCI’s global tech index scored the milestone...
LONDON - World stocks rose and bond yields fell on Friday as investors welcomed an apparent end to a political crisis in Italy, although prospects of a full-blown trade war put a dampener on gains. The MSCI All-Country World index, which tracks shares in 47 countries, rose 0.2 percent. It was set...
Tongaat Hulett’s CEO, Peter Staude, should step down after the sugar producer’s "appalling" annual results, Investec says. "After 10 years of negative cumulative free cash flow, declining returns and nil cumulative earnings growth or share price appreciation, we think it is time for the CEO since 2002 to step aside,"...
LONDON - Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing. Brent crude futures LCOc1 stood at $75.35 a barrel at 0913 GMT, down $1.09 from the previous close and after touching a three-week low of...
HONG KONG - HSBC Holdings Plc said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade. HSBC and Dutch bank ING completed the deal for Cargill last week when a shipment of...
WASHINGTON - U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent. The Labor Department’s closely watched employment report on Friday is also expected to show steady wage growth, which would add...
LONDON - World stocks made little progress on Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes. The MSCI world equity index, which tracks shares in 47 countries, traded flat in percentage terms. Europe’s...
SINGAPORE - Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening. The Fed is seen set to hold interest rates steady this week but will...
T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network. The agreement capped four...
SINGAPORE - Oil prices on Wednesday fell back from more than three-year highs reached the previous session, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Brent crude oil futures LCOc1 were at $73.71 per barrel at 0655 GMT, down 15 cents, or 0.2 percent, from...