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Stocks News

Asian stocks up for second day on U.S. growth

Hong Kong - Tokyo shares led Asian stock markets higher on Friday after a surprisingly upbeat US economic growth report buoyed investors following a prolonged rout driven by concerns over China's economy.

Shares chase Wall Street higher despite China fears

Hong Kong - European and Asians stock markets chased Wall Street higher Thursday after days of wild swings, but dealers warned that the spectre of the slowing Chinese economy means more turbulence ahead.

China police 'summon 11 over stock market activities'

Chinese police have summoned 11 people including a financial journalist to assist investigations related to illegal stock market activities, state media reported, as the government targets volatility on the exchanges.

Wall St rallies but markets still gripped by China fears

New York - US shares rallied strongly Wednesday after a top Federal Reserve official hinted the bank would not raise interest rates, but there was little sign that the global financial turbulence rooted in China's market meltdown was over.

Shanghai shares end down 1.27% despite rate cut

Shanghai - Shanghai stocks closed down 1.27 percent in volatile trading on Wednesday, extending days of falls despite a central bank interest rate cut aimed at boosting the flagging economy and slumping shares, dealers said.

Europe, US markets rally on China rate cut

London - European and US shares rebounded on bargain-hunting Tuesday as China cut interest rates after fears of a slowdown in the world's second-biggest economy sparked a "Black Monday" rout across global markets.

World equities swing as Shanghai plumbs new depths

Shanghai - Equity markets convulsed on Tuesday as Chinese stocks pursued their worst rout in nearly two decades, after concerns of a slowdown in the world's second-largest economy sparked panic selling around the globe.

Shanghai stocks slump, but Asian bourses bounce

Shanghai - Shanghai stocks tumbled on Tuesday, extending their steepest four-day rout in almost 20 years after worries about China's faltering economy sent world markets reeling, but other Asian stocks bounced back from heavy early losses.

Global markets selloff deepens on China worries

New York - World stock markets endured another bruising day Monday as a huge decline in Chinese equities sparked selling throughout Asia, Europe and the Americas, deepening a global stock slump.The Shanghai index tumbled 8.

China shares in dramatic dive as fears mount over economy

Shanghai - Chinese shares plummeted on Monday, wiping out the year's gains and leading a slump across Asian equities as Beijing's latest market intervention failed to restore confidence, with concern mounting about the stalling economy.

Greek stocks take a beating as bourse reopens

Atenas - Greece's stock exchange took a beating Monday as trading resumed after a five-week shutdown forced by capital controls, with the main index losing around a fifth of its value and bank shares particularly hit.

Eyes on banks as Greek stock exchange set to reopen

Atenas - Attention will be focused on Greece's embattled banks on Monday when the Athens stock exchange reopens after a six-week shutdown over the country's debt crisis.

European stocks gain ground after Athens bailout vote

London - Europe's main stock markets advanced at the start of trading on Thursday after Greek MPs voted in favour of an austerity-laden bailout package.In opening trade, London's benchmark FTSE 100 index rose 0.28 percent to 6,772.

China stocks turn positive on government moves

Shanghai - Chinese stocks stormed into positive territory in volatile trading Thursday as Beijing launched new measures to halt a dramatic sell-off that has also hurt regional share markets and commodity prices.The benchmark Shanghai Composite Index jumped 5.

China bars 'big' shareholders from selling: Regulator

Shanghai - China's market regulator has barred major shareholders and executives of listed companies from selling their shares for the next six months, it said in a statement, the latest government action to stem a slide in the markets.

NYSE suffers lengthy outage as US stocks slump

New York - The New York Stock Exchange halted trading Wednesday for more than three hours due to technical problems that it said were not caused by hacking.

Hong Kong stocks plunge on China rout, Greece fears

Hong Kong - Hong Kong equities plunged almost six percent Wednesday to a seven-month low as contagion from a rout in China spread into regional markets while traders are also buffeted by fears for Greece's future in the eurozone.

Airbus shares hit following A400M crash in Spain

Paris - Shares in European aerospace giant Airbus fell more than three percent in opening trade Monday after one of its A400M military planes crashed in Spain over the weekend, killing four.In opening trades, shares in Airbus were down 3.

'Flash Crash' trader to appear in London court

London - A British trader accused of contributing to a US stock market crash and fraudulently making $40 million in high-frequency trading from his modest London home was due to appear in court on Wednesday.

FTSE 100 sets record on Tuesday but fails to hold it on Wednesday

After approval of economic reform proposals submitted by Greece helped the FTSE 100 reach record-breaking levels yesterday, it has fallen back considerably throughout the course of today, with shares in some major companies dropping by nearly 10 percent.

European stocks extend slide

London - European stock markets dropped Tuesday, extending the previous day's slump, on the prospect of fresh stimulus to prop up the weak eurozone that risks losing Greece as a member.

Asian stocks sink, euro near nine-year low

Hong Kong - Tokyo's Nikkei led an Asian share slump Tuesday following painful losses in New York and Europe, with fears sparked by the global slump in oil prices and the Greek political crisis.

European stocks shaken by fears of return to crisis

London - European stocks closed mixed on Thursday, with German shares staging a late comeback after fears the eurozone could be heading toward a fresh crisis spread turmoil through markets for much of the day.London's benchmark FTSE 100 index ended down 0.

PrimeTrade launches new online investment service provider

A new online trading platform made its debut last month, joining the ranks of many others to service both new and seasoned investors.

U.S. stocks continue stalwart climb in a show of strong recovery

Signs of economic recovery are soaring as U.S. stocks pushed passed a winter slowdown, according to recently released economic data.

Cash-rich global firms face calls to crack open war chests

Tokyo - Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that their thriftiness could be holding back global growth.

Smallpox decision postponed

Geneva - The World Health Organization (WHO) has again postponed its decision whether to destroy the world’s remaining stocks of smallpox virus.

U.S. stocks continue stalwart climb in a show of strong recovery

Signs of economic recovery are soaring as U.S. stocks pushed passed a winter slowdown. For the fourth straight day, the Standard & Poor’s Index rose and reached another all-time high, closing at just above 1,900 on Friday, after many months.

Leading scientist calls for smallpox stock destruction

London - Gareth Williams, a medical doctor, has said that the smallpox virus is no longer necessary for research purposes and could pose a significant threat were it to escape the confines of the lab. He has called for all remaining stocks to be destroyed.

Apple: 43.7 million iPhones, 16.35 million iPads sold in Q1 2014

Earlier today Apple announced in a public statement that over 43.7 million iPhones and 16.35 million iPads were sold during the first, opening quarter of 2014 leading to combined sales of mobile devices of over 60 million units sold.
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Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange
With the permission by Reuters / Brendan McDermid

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