article Oil markets were split on Tuesday, with U.S. crude was pushed up by reduced flows from Canada while international Brent prices eased. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures were at $62.16 a barrel at 0153 GMT, up 48 cents, or 0.8 percent, from their last […]
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Nikkei drops on profit-taking
article Japan’s Nikkei share average dropped on Tuesday morning as investors wasted no time to lock in profits from the previous day’s rally, while such financial shares as banks and insurers underperformed. Continue Reading Below The Nikkei dropped 1.4 percent to 21,831.66 in midmorning trade, after rising 2 percent on […]
Nikkei ends up 2 pct as exporters and big companies gain
Japan’s Nikkei share average finished 2 percent high on Monday, as exporters gained following a pullback in the yen, while market heavyweights such as Fanuc and Fast Retailing helped boost the benchmark index. Continue Reading Below The Nikkei advanced to 22,149.21 points, its highest close since Feb. 5. The broader […]
Oil hits highest in nearly 2 wks on Asian equity recovery
Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and by worries over tensions in the Middle East. Continue Reading Below Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against […]
Students plan protests, Washington march, to demand gun control after mass shooting
Stunned by the deadliest high school shooting in U.S. history, students mobilized across the country on Sunday to organize rallies and a national walkout in support of stronger gun laws, challenging politicians they say have failed to protect them. Continue Reading Below Students from Marjory Stoneman Douglas High School, where […]
Jittery US bond market braces for supply wave
NEW YORK (Reuters) – Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week. Continue Reading Below The […]
GE exploring industrial gas engine business sale: Report
General Electric Co (GE) is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter. Continue Reading Below The move comes after Chief Executive Officer John Flannery, who took over as CEO last summer, indicated […]
Qualcomm rejects Broadcom $121B takeover offer
(Reuters) – Qualcomm (QCOM) is open to discussing a buyout offer from Broadcom (BRCM) that “reflects the true value” of the chipmaker and better addresses its concerns about potential regulatory hurdles to a deal, the company said on Friday. Continue Reading Below Qualcomm said it had a “constructive” meeting with Broadcom […]
Gold hits 3-week high as dollar slides to lowest since 2014
Gold rose to a three-week high on Friday as the dollar index slid to a three-year low and stronger-than-expected inflation data this week boosted interest in the metal as a hedge against price pressures. Continue Reading Below Gold is holding on track for its biggest weekly gain in nearly two […]
SEC denies Chicago Stock Exchange sale to China-based investors
U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor the exchange after the deal. Continue Reading Below The move by the Securities […]