Asian markets slumped on Tuesday – led by a four per cent fall in Tokyo – following a huge sell-off on Wall Street as disappointing US manufacturing data compounded already deep fears about emerging markets.Tuesday, 4 February, 2014, 11:52pm
US stocks fell in midday trade yesterday, as reports showed consumer sentiment slid and industrial production was unchanged. The Dow Jones Industrial Average was down 0.6 per cent.15 Jun 2013 - 4:11am
More than half of those contacted said the US will be among the markets offering the best returns over the next year, a 15-point jump from the last poll in January and the highest rating for any country since the survey began asking that question in October 2009.17 May 2013 - 4:06am
When a false report of explosions at the White House instantly wiped more than US$136 billion off the value of US stocks, Jonathan Corpina did not need a powerful computer. He used the tool favoured by traders for more than a century: a phone. Corpina, senior managing partner with Meridian Equity Partners Inc, who works on the floor of the New York Stock Exchange, called a client two blocks from the US president's house.25 Apr 2013 - 3:44am 1 comment
The combination of record low interest rates and slow but steady growth mean US markets can still power higher, even after the Dow punched its way to an all-time high, analysts said.
But with the Dow Jones Industrial Average up nine per cent over the first 10 weeks of the year, few doubt there is room to pause - though Wednesday’s action showed no sign of it.7 Mar 2013 - 10:34am
Senior finance executives of Alibaba Group, which is widely expected to be planning its initial public offering this year, held a closed-door discussion with a representative of the American exchange yesterday at an undisclosed venue in Hong Kong, two people familiar with the situation said.7 Mar 2013 - 6:12am
Clean technology private equity firm Nature Elements Capital has raised US$40 million for a fund but has almost halved its fundraising goal amid tough market conditions.7 Jan 2013 - 4:31am
From hedge fund manager John Paulson's call for a collapse in Europe to Morgan Stanley's warning that US stocks would decline, Wall Street got little right in its prognosis for the year just ended.5 Jan 2013 - 3:13am
Hong Kong stocks kicked off the new year with a 19-month high in heavy trading and could open even higher today if they track the overnight US market that rallied after the Congress approved a deal to avoid a "fiscal cliff".3 Jan 2013 - 4:36am
Some 10 years after analysts at Goldman Sachs coined the acronym BRICs, tying Brazil, Russia, India and China into a single investment theme, the concept is beginning to look distinctly flakey.
That's not to say Goldman's original forecasts have been proved wrong. In fact, they turned out to be quite accurate.12 Dec 2012 - 4:06am