Stocks News
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By AFP
Shares in top Chinese manufacturing companies plunged Wednesday after Beijing announced plans to phase out ownership limits for foreign automakers, shipbuilders and aircraft firms.
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As Canada moves closer to legalizing recreational marijuana later this year, licensed pot companies are experiencing a boom in the stock market. Critics say the pot industry is overvalued and the bubble may end up bursting.
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By AFP
Chinese censors scrubbed social media of unflattering references to Kim Jong Un on Tuesday, while superstitious investors snapped up shares resembling the North Korean leader's name, as rumours swirled that he was visiting Beijing.
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By AFP
Much of China's stock trading is conducted remotely via high-tech systems in banks and brokerages or on mobile phones, but the country's masses of mom-and-pop investors still cling to older ways.
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Roku, which makes streaming video devices, has more than tripled since going public in November.
Shares opened at an all-time high of $49.41 after getting a super-bullish analyst price target.
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By AFP
Bejing -
Chinese social media and video game giant Tencent became more valuable than Facebook on Tuesday as investors sent the company soaring into the top five of the world's biggest firms.
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-Short sellers betting on a decline in Tesla's stock have made almost $1 billion in the fourth quarter.
-Tesla's recent stock woes stem from a bottleneck hurting production on its hotly anticipated Model 3 vehicle.
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Daniel Pinto, the head of JPMorgan Chase's dominant investment bank, told research analysts from Keefe, Bruyette, & Woods that the markets are too complacent right now, and we could be in store for a painful correction.
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By AFP
Toukyo -
Japan's Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more than twice as many as initially thought.
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By AFP
Reykjav -
Iceland's Prime Minister Bjarni Benediktsson allegedly sold almost all of his assets in a major bank just before the government nationalised it during the nation's 2008 financial collapse, according to several media reports on Friday.
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Equifax has already plunged 18 percent since it announced last week that hackers may have the personal details of nearly half the US population.
Options traders are betting that this is only the start.
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By AFP
Toukyo -
Japanese said Monday it would sell off another chunk of the country's massive postal service in a share sale that could raise up to $12 billion.
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By AFP
New York -
Shipping giant FedEx said Wednesday that deliveries were slowed at its Dutch unit TNT Express after the firm was hit by the latest major computer virus attack.
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By AFP
New York -
Chinese stocks will be included for the first time in a leading US-based index of emerging market shares after three previous rejections, New York-based MSCI announced Tuesday.
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By AFP
Washington -
The US Senate confirmed attorney Jay Clayton as the new head of the Securities and Exchange Commission tasked with regulating Wall Street and America's financial sector.
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By AFP
Washington -
Former Israeli fugitive Jacob "Kobi" Alexander was finally sentenced to prison for securities fraud dating from the last century, ending a decade-long saga, the US Department of Justice announced Thursday.
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By AFP
Oslo -
Norway on Thursday proposed to curb the amount of money it can withdraw from its sovereign wealth fund, the largest in the world, amid lower expected returns. The minority rightwing government also recommended that the fund, worth 7.
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By AFP
Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.
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By AFP
Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.
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By AFP
Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.
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When President-elect Donald Trump tweets about a public company, the market listens.
And if you hold the stock of one of the companies that has come into Trump's crosshairs, finance app Trigger thinks you'll want to know about it.
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By AFP
Hong Kong -
Asian stocks turned negative Friday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution set in ahead of a crunch referendum in Italy at the weekend.
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By AFP
Bejing -
A Chinese company whose name sounds like "Trump wins big" saw its stock surge Wednesday as the Republican candidate's odds improved in the US presidential poll.
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By AFP
Seoul -
Samsung's share price plunged 8.0 percent by the close of trade Tuesday on the back of a decision to halt sales and exchanges of the company's troubled Galaxy Note 7 smartphone.The share price ended the day at 1.
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Disney is weighing a bid on Twitter, according to a new report from Bloomberg's Alex Sherman and Sarah Frier.
Twitter's stock rebounded on the news after being down nearly four percent during early trading. Disney's stock is down 1.6 percent.
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By AFP
Hong Kong -
Asian stocks tumbled Monday, extending last week's global sell-off as comments from top central bankers rang alarm bells on trading floors that the days of cheap money could be numbered.
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By AFP
Toukyo -
Nintendo skyrocketed in Tokyo on Thursday as its new smartphone game Pokemon Go picks up legions of fans globally, and investors cheer the firm's move into mobile gaming.
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By AFP
Hong Kong -
Asian markets edged up Tuesday but dealers remained cautious as the optimism over Britain's EU membership that drove a global rally faded, with the knife-edge referendum just days away.
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By AFP
Toukyo -
Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker's market value in response to its shock admission that it cheated on fuel-efficiency tests.
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By AFP
Toukyo -
Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker's market value in response to its shock admission that it cheated on fuel-efficiency tests.
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Stocks Image
Traders work on the floor of the New York Stock Exchange With the permission by Reuters / Brendan McDermid
Hong Kong gave up early gains to close 0.45 percent lower in late trade on September 4, 2015 Philippe Lopez, AFP/File
Both the Pound and stocks rose on the New York Stock Exchange on news the British goverment's Brexit plan would first need to get parliamentary approval Spencer Platt, Getty/AFP/File
Trigger sends alerts to users when Trump tweets about their stocks Trigger
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