Sunday, 26 May 2019
Latest news
Home » Finance


Sensex, Nifty Snap Five-day Losing Streak


The BSE market breadth was bullish with 1,805 advances and 598 declines . The S&P BSE mid-cap index rose by 2.49 per cent and the small-cap index by 2.48 per cent. The BSE midcap and smallcap indices on the BSE surged almost 2.5 per cent. Pharma, metal and capital goods stocks lead the gains. All the sub-indices on the BSE ended in the green, barring the IT index, which fell by 57.64 points, and the Teck (technology, media and entertainment) index by 22.88 points. Read More »

Nikkei edges down ahead of holiday as investors warily eye North Korea


Pacific territory. The strength on Wall Street is partly due to bargain hunting, with traders picking up stocks at reduced levels following the pullback seen over the past few sessions. The euro touched a one-month low of 128.19 yen earlier on Friday. The dollar index, which tracks the greenback against a basket of six major rivals, was almost flat on the day at 93.683, remaining above last week's 15-month low of 92.548. Read More »

Big Ben will fall silent from next week until 2021


The last bong before the refurbishment will be at 12 pm (1100 GMT) on August 21, the statement said. The hammers will be locked and disconnected from the clock, although the bongs will still sound for important events such as New Year's Eve and Remembrance Sunday. Read More »

Facebook OKs local firm's launch of Moments-like app in China


Facebook has anonymously launched an app through a local company in China which bears close resemblance to its Moments platform, The New York Times reported on Friday. The social network launched the app in May with the hope of getting its foot in the door of the Chinese market, and gives Facebook a chance to gauge how Chinese users engage and interact with friends over social media. Read More »

Japan GDP Jumps 1.0% In Q2


The figures are bound to be welcome news for Prime Minister Shinzo Abe, who has been faulted for a lack of progress on promised structural reforms needed to improve Japan's competitiveness and underpin growth in a country whose shrinking population is rapidly aging. Read More »

Donald Trump tells Guam Governor you are safe


Calvo said that already in 2013, North Korean leader Kim Jong-un threatened Guam and as a result, steps were taken to protect the USA territory. The plan calls for missiles to be fired into the sea about 40 kilometres from the coast of Guam . Read More »

GoDaddy cracks down after Charlottesville


Allegedly perpetrated by a man with white nationalist views, the Dodge Charger was driven at high speed into a crowd of people. Some Twitter users, including women's rights campaigner Amy Siskind , called on the web hosting company GoDaddy, which houses the Daily Stormer , to remove the site. Read More »

July retail inflation seen picking up for first time in 4 months


India's wholesale inflation grew at 1.88 percent during July, marginally higher from 0.90 percent in June, due to an increase in foods articles and vegetable prices. A nationwide GST was implemented on July 1 which combined a plethora of central and state levies into a four tier tax structure of 5, 12, 18 and 28 per cent for all goods and services. Read More »

Tokyo stocks drop in morning on geopolitical concerns despite solid GDP data


While there is no consensus for the former, there is potential for a cooling after last month's jump to the strongest monthly growth since October, and its fastest annual pace since August 2011. In corporate news, Commonwealth Bank of Australia CEO and Managing Director Ian Narev is expected to retire by the end of the 2018 financial year, the bank said on Monday. Read More »

Gold surges as U.S. and North Korea ratchet up nuclear tensions


The Korean won KRW=KFTC also continued to skid, sliding 0.3 percent to 1,145 won to the dollar , after earlier sinking to its lowest level in a month. The yen on Friday added to a strong weekly rally against the dollar of close to 1.5 percent, hitting its highest versus the greenback in nearly four months, at 108.73 yen. Read More »

Trump outbursts wipe $1 trillion off markets


According to the Associated Press, South Korea's Kospi lost 1.7 percent, while Hong Kong's Hang Seng slid 2 percent. Stock markets around the world were under pressure on Wednesday amid increased tensions between the USA and North Korea following comments from President Donald Trump , and big entertainment stocks were among the many decliners. Read More »

China home sales grow at slowest pace in more than two years


Output by Chinese factories and workshops grew by a lower-than-expected 6.4 percent compared to the same month a year ago, the national statistics bureau said. Although activity and spending came in below expectations, reversing most of improvement seen at the end of the second quarter, industrial production looks unsustainably strong given the growing headwinds to investment growth from policy tightening, the economist said. Read More »

North Korea develops its nuclear programme "at an alarming rate"


North Korea has defied all calls to rein in its nuclear and missile programs, even from China, its lone major ally, calling them legitimate self-defense. "I've seen no intelligence to indicate that we're in that place today", Pompeo told "Fox News Sunday". "What I'm talking about is I've heard folks talking about being on the cusp of a nuclear war", he added. Read More »

Marshawn Lynch Sat, Wore a Hat for National Anthem


What do you think about Lynch's sitting during the national anthem? AP photographers snapped Lynch taking a seat on a cooler on the sidelines as the anthem played. According to NFL .com, he said "I am not going to stand up to show pride in a flag for a country that oppresses black people and people of color". "It's not a form of anything other than me being myself'". Read More »

Korean leader urges N. Korea, US to resolve ongoing stalemate peacefully


CIA Director Mike Pompeo and Army Lt. Gen. H.R. McMaster, President Trump 's national security adviser, tried to provide assurances that a conflict is avoidable, while also supporting Trump's tough talk. Trump said Friday that North Korean leader Kim Jong Un had gotten away with provocations and threats for too long and suggested that he was ready to hit the reclusive regime with US military might. Read More »

Gold Rises Along With North Korea Tensions

Gold futures for December delivery climbed 1.3 per cent to settle at $1,279.30 (U.S.) an ounce on the Comex in NY. Geopolitical risks can boost demand for assets considered safe-haven investments, such as gold. The Dow Jones Industrial Average fell 204.69 points, or 0.93 percent, to close at 21,844.01, the S&P 500 lost 35.81 points, or 1.45 percent, to 2,438.21 and the Nasdaq Composite dropped 135.46 points, or 2.13 percent, to 6,216.87. Read More »

Cedar Hill firefighters warn against Amazon solar eclipse glasses


Reports of safety issues have been going on for a couple of months. On Friday, we went looking. Properly designed glasses will prevent permanent eye damage from the sun's rays. Check out the full list of approved manufacturers here before buying online. Customers who purchased these glasses are getting refunds, along with a warning not to use them. Read More »

TSX falls 0.94% as oil drops, geopolitical tensions rise


President insists on ramping up the war of words, there is a decreasing chance of any diplomatic solution", Carnell said. Interestingly though, it soon after managed to more than make up for its losses relative to the Japanese and British currencies, while it recovered a significant portion of its losses versus the euro as well. Read More »

Markets extend losses as Korea tensions escalate


The Vix, a measure of how much volatility investors expect in stocks, jumped to its highest level since May after North Korea revealed a plan to launch ballistic missiles toward a major USA military hub in the Pacific. However, bank stocks, including Goldman Sachs, Bank of America and Morgan Stanley, were down about 1 percent on the dimming prospects of another rate hike this year. Read More »

Korean shares end lower on foreign selling amid tensions over N. Korea

If the North Korean regime "does anything" to the United States or a USA ally "things will happen to them like they never thought possible", Trump told reporters on Thursday, according to Bloomberg . The Dow Jones Industrial Average .DJI closed down 204.69 points, or 0.93 per cent, at 21,844.01, the S&P 500 .SPX lost 35.81 points, or 1.45 per cent, to end the session at 2,438.21 and the Nasdaq Composite .IXIC fell 135.46 points, or 2.13 per cent, to 6,216.87. Read More »

USA stocks fall again on North Korea tensions

The Nasdaq composite gained 39 points, or 0.6 percent, to 6,255. Stocks ended more than one percent down in Seoul while the won slumped to a three-week low against the dollar as the United States president and South Korea´s volatile neighbour dramatically ramped up their war of words. Read More »

'Heavy fire' in Burkina Faso restaurant attack


The security forces reached the spot after receiving reports of shots being fired near the upscale Turkish restaurant Aziz Istanbul in Ouagadougou. Burkina Faso, like other countries in West Africa, has been sporadically targeted by jihadist groups operating across Africa's Sahel. Read More »

Wall St opens higher after tepid inflation data


Some of the top performing gold and gold mining stocks also rose on the back of the heightened US and North Korean tensions. Technology companies were leading a broad slide in US stocks in early trading Thursday, Aug. On the Nasdaq , 1,462 issues rose and 1,227 fell. Gold and bond prices were headed higher. The biggest winners were high-flying companies like Apple , Amazon and Microsoft , all of which won at least one percent after falling with the broader market in the prior sessions. Read More »

Wall Street tumbles on North Korea worries

The expanded index S&P 500 rose 0.1 % to 2441,32 points. While the Nasdaq climbed 39.68 points or 0.6% to 6,256.56, the Dow inched up 14.31 points or 0.1% to 21,858.32 and the S&P 500 edged up 3.11 points or 0.1% to 2,441.32. UP WITH TECH: Investors bid up technology sector shares. Health care stocks, which have been in a slump, posted gains. Core prices had been expected to rise by 0.2 percent. Read More »

North Korea Has Markets Nervous But Not Panicked


Emerging market stocks lost 1.20 percent. The selling carried through Wednesday's premarket session, with US stock futures falling slightly. Falling crude prices made oil & gas stocks a weight too, dropping 1 percent with Tullow Oil the top faller. Read More »

Silitch Sells 14897 Shares of Prudential Financial, Inc. (PRU) Stock


Prudential Financial's yield ratio is presently 33.63%. It has underperformed by 16.70% the S&P500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . Finally, Beacon Financial Group increased its stake in shares of Prudential Financial by 10.1% in the first quarter. Prudential Financial, Inc ., is a financial services company. Read More »

North Korea Tensions Hit Global Stock Markets


The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the US presidential election on Thursday, but was down 1.22 points at 14.82 points on Friday. Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter. TMX Group Ltd was up 3.2 per cent to C$68.02, while Quebecor Inc added 4.3 per cent to C$45.20 and Canadian Tire Corp Ltd climbed 5.7 per cent to C$149.89. Read More »

Yuvraj Singh, Ravichandran Ashwin, Ravindra Jadeja left out for SL ODIs


From India's previous ODI assignment, the tour of the West Indies in June-July, the other players to be dropped are the 19-year-old Rishabh Pant and Dinesh Karthik. The final of Champions Trophy exposed India's slow bowling frailties. The T20 match will be played on Sept 6. Virat Kohli (captain), Shikhar Dhawan, Rohit Sharma (vice-captain), KL Rahul, Manish Pandey , Ajinkya Rahane , Kedar Jadhav , MS Dhoni (wicketkeeper), Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, ... Read More »

FTSE 100 plunges as investors worry about United States and North Korea tensions


Macy's (M.N) shares closed down 10.2 percent and Kohl's (KSS.N) fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off. Brent crude, used to price worldwide oils , gained 56 cents to $52.70 in London. CURRENCIES: The dollar fell to 109.87 yen from 110.48 yen late Tuesday. Read More »

SoundCloud secures its 'largest financing round,' names former Vimeo exec new CEO


Former Vimeo CEO Kerry Trainor will replace founder Alex Ljung as chief executive. A spokeswoman for SoundCloud said last month it remained fully funded into the fourth quarter, while declining to comment on what lay beyond. "If I could show to you the number of people who have been calling us, expressing fear about it going away, you would be shocked", said Fred Davis of the Raine Group . Read More »

Dow slips 100 points as tensions with N.Korea escalate (KSS, M)


Gold and bond prices were headed higher. Ten-year US yields dropped 4.3 basis points to 2.24 per cent and German equivalents fell 3 bps to 0.43 per cent, a six-week low. Investors said the week's swings were as much a result of earnings as geopolitics. Priceline Group slumped 6.5% after issuing a profit forecast that was weaker than analysts were expecting. Read More »

Geopolitical Concerns Lead To Sell-Off On Wall Street

On Thursday, New York Fed President William Dudley said he expects sluggish USA inflation to rise over the next several months while the hot labor market gets even hotter. South Korea's won currency dropped 0.9% against the dollar to its lowest close since July 13. S&P 500 e-minis were down 10.25 points, or 0.41 percent, with 217,904 contracts traded. Read More »

Swiss franc, yen rise as North Korea tensions brew


The Chinese volatility gauge jumped by the most since January 2016, to its highest level in more than seven months. A Chinese state-run newspaper said on Friday that China should make clear that it will stay neutral if North Korea launches an attack that threatens the United States, but that if the USA attacks first and tries to overthrow North Korea's government, China will prevent it doing so. Read More »

Yen gains broadly on latest bout of Korean tensions

US President Donald Trump issued a new threat to North Korea , saying American weapons were "locked and loaded" as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war. The major indexes were coming off their biggest single-day decline since May 17. Spot gold added 0.4 percent to $1,265.18 an ounce, pulling away from the previous session's two-week lows. Read More »

How major U.S. stock market indexes fared Thursday

South Korean shares are expected to move in a tight range next week as escalating war rhetoric between North Korea and the United States could continue to weigh in the main index, analysts said Saturday. High-flying technology names suffered outsized losses on the day, with Apple falling 3.2 per cent, Amazon 2.6 per cent and Facebook 2.2 per cent. Biotech companies Celgene and Amgen lost 3.8 per cent and 2.6 per cent, respectively. Read More »