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London’s FTSE 100 tugged down by miners; IWG lifts midcaps

LONDON, April 15 — Britain’s main index lost ground today as miners and oil majors fell, more than offsetting gains in bank stocks. The FTSE 100 was 0.2 per cent lower, lagging its European and Asian counterparts, while the FTSE 250 added 0.2…


S&P 500 closes near record high as earnings season begins in earnest

NEW YORK, April 13 ― US stocks closed near record highs yesterday after the largest US bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would dampen Wall Street's big rally back from last year's slump. The…


China data, JPMorgan results lift stocks, riskier assets

NEW YORK, April 13 ― Global stocks rose on Friday after JP Morgan's results kicked off the US corporate earnings season in style, while signs of stabilisation in China's economy helped riskier assets amid talk that the growth outlook worldwide is…


Asian shares pause near eight-month high, US dollar weakens

SYDNEY, April 11 — Asian stocks held near eight-month highs yesterday and the US dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected US…


Rebound in job growth pushes Wall St higher, trade hopes add to optimism

NEW YORK, April 5 — Wall Street’s main indexes rose today after data showed US employment in March accelerated from a 17-month low, easing concerns of a domestic slowdown, while hopes of a US-China trade deal added to the sentiment. The Labor…


Wall St edges higher as tech boost counters losses in bank stocks

NEW YORK, March 21 — US stocks eked out gains today as declines in financial stocks after the Federal Reserve’s move to not raise interest rates this year were countered by gains in technology companies. Having downgraded their US growth,…


European stocks flatten out, eyes on Brexit, Fed

LONDON, March 19 — European shares opened flat to marginally higher today, as investors made cautious moves ahead of a US Federal Reserve meeting while British Prime Minister Theresa May’s third attempt to get a Brexit deal through parliament…


FTSE 100 at five-month high as pound drops amid Brexit chaos

LONDON, March 19 — London’s exporter-heavy FTSE 100 surged to a five-month high on the back of a drop in sterling after Britain’s parliament speaker struck a fresh blow to Theresa May’s EU divorce deal, while a rally in miners and oil stocks…


Dutch bank stocks, Austria's Raiffeisen fall on money laundering report

LONDON, March 6 — Shares in two Dutch banks and Austria's Raiffeisen Bank International (RBI) fell yesterday after media reports about a money laundering network alleged to have channelled billions of euros from Russia. The share price falls…


Wall St rises as trade optimism boosts tech, industrials

NEW YORK, Feb 25 — US stocks climbed today, boosted by technology and industrial shares, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports. Trump said yesterday the trade talks were "productive" and that…