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Wall Street ends choppy day higher as tech helps, Brexit weighs

NEW YORK, Dec 11 ― Wall Street ended yesterday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth….


Wall Street edges down as tech, bank stocks weigh

NEW YORK, Nov 30 — Wall Street closed slightly lower yesterday as tech and financial shares slumped, erasing earlier gains stemming from Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate…


European banks’ beauty only skin-deep

LONDON: Europe’s top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say. The European Banking Authority stress test results on Friday showed the sector in reasonable financial health, with a clean sweep of 48 lenders […]


European banks' beauty only skin-deep, investors say

LONDON, Nov 6 — Europe's top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say. The European Banking…


Wall Street succumbs to soaring bond yields

NEW YORK, Oct 4 — US stocks fell broadly today, mirroring weakness in the global markets, as government bond yields surged to multi-year highs on robust US economic data and optimistic views from the Federal Reserve. Ten of the 11 major S&P…


Wall Street climbs with support from financials, tech stocks

NEW YORK, Oct 3 — US stocks rose today, with the Dow Jones Industrial Average at an all-time high, driven by gains in financial and technology stocks. Ten of the 11 major S&P sectors were higher. Financials led with a 0.6 per cent gain,…


Banks pull FTSE 100 down while Royal Mail shares hit record low

LONDON, Oct 3 ― British shares retreated yesterday as the positive impact of a new North American free trade pact faded globally and shares of Royal Mail hit a record low the day after the 500-year-old postal service issued a profit warning. The…


US futures steady ahead of expected rate hike

NEW YORK, Sept 26 ― US stock index futures edged higher today, with bank stocks among the gainers, ahead of a widely expected Federal Reserve interest rate hike. Shares of JPMorgan, Citigroup, Wells Fargo , Bank of America and M&T Bank were up…


Global stocks rally for a second day, setting aside trade fears

NEW YORK, Sept 20 ― World stock markets rallied for a second straight day yesterday, while safe-haven assets such as US bonds and the Japanese yen slipped to multi-week lows on bets the ongoing US-China trade spat would inflict less damage than…


Wall St rises on trade hopes, S&P equals longest bull run

NEW YORK, Aug 21 — The benchmark S&P 500 edged closer to a record high yesterday, matching its longest-ever bull-market run, as US stocks rose after some encouraging earnings reports and on hopes that the United States and China could resolve…