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Wall St tumbles as weak industrials add to dour mood

NEW YORK, Oct 23 — Wall Street sank more than 1 per cent today as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade-war fears. All…


Germany urges global minimum tax for digital giants

FRANKFURT AM MAIN: German Finance Minister Olaf Scholz in an interview said he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants. “We need a minumum tax rate valid globally which no state can get out of (applying),” Scholz, a social democrat in conservative Chancellor […]


iPhone Xs, iPhone Xs Max, iPhone XR arriving in Malaysia this week

KUCHING: Apple’s latest and much-talked-about iPhone range is arriving in Malaysia this week, with major telecommunication companies (telcos) and authorised retailers offering attractive packages and promotions for pre-orders. The iPhone Xs, iPhone Xs Max and the iPhone XR are one of the most advanced iPhones ever, beautifully redesigned with breakthrough communication, fitness and health capabilities. […]


Strong corporate earnings power rebound on Wall Street

NEW YORK, Oct 19 — US stocks rose broadly today, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 per cent drop a day earlier. Consumer goods bellwether…


Wall St week ahead: With market on edge, investors look to tech trio

SAN FRANCISCO, Oct 19 — The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s…


Amazon to open Manchester office as it adds 1,000 British jobs

LONDON, Oct 19 ― Amazon.com is opening its first office in Manchester, northern England, and expanding two other centres to house 1,000 new R&D roles in what it said was a major new investment in British innovation. The US online retail giant…


Hacked, scammed and on your own: Navigating cryptocurrency 'wild west'

NEW YORK, Oct 18 — When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens' issuer, the Berlin-based…


Tech stocks drag down Wall St as earnings worries weigh

NEW YORK, Oct 16 — US stocks ended lower in a choppy trading session yesterday, dragged down by technology stocks amid lingering worries over interest rates and corporate earnings. The benchmark S&P 500 index teetered between positive and…


NZ stock market has one of its worse sessions in nearly two years

The New Zealand stock market has had one of its worse sessions in nearly two years, following Asian and US markets down. The NZX Top 50 index has closed down 3.6 percent, falling 330 points to 8,721. The drop is the fifth largest. The drop follows overnight falls that saw the main Wall Street indices fall two percent or more as investors sought safety and dumped technology and luxury goods companies. Instead they sought to buy bonds. As US interest rates rise, it makes bonds more attractive and shares lessRead More


Lower Open Predicted For China Stock Market

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(RTTNews) – The China stock market has ticked higher in two straight sessions, adding almost 10 points or 0.4 percent along the way. The Shanghai Composite Index now rests just above the 2,725-point plateau although it figures to open under pressure on Thursday. The global forecast for the Asian markets is broadly negative thanks to growing concerns over growth, trade and interest rates. The European and U.S. markets were firmly in the red and the Asian bourses are expected to open in similar fashion. The SCI finished slightly higher onRead More