stock market

 
 

Germany’s Siemens says to cut 2,700 jobs worldwide

FRANKFURT, June 18 — Industrial conglomerate Siemens said today it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, “over several years”. The division — set for a stock market flotation…


European stocks waver at open

LONDON, June 18 — Europe’s main stock markets wavered at the start of trading today, the eve of an interest rate decision from the US Federal Reserve. Investors are also gearing up for next week’s high-stakes G20 summit, where US President…



Stocks, yields dip with Fed meeting on tap

NEW YORK, June 18 — A gauge of global stock markets dipped slightly yesterday after a mostly strong month and benchmark US bond yields edged lower as investors awaited developments this week from central banks in the United States and elsewhere….


Local institutions emerge as net buyers post-Raya

KUALA LUMPUR, June 16 — Local institutions emerged as net buyers of Malaysian equities post-Hari Raya celebrations, injecting RM139.2 million versus a net sell of RM306.72 million during last week’s holiday-shortened trading week. Bank Islam…


Wall Street drops as Broadcom warning hits chip sector

JUNE 14 — Wall Street’s main indexes dropped today, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in industrial growth in 17 years….


Oil rises again on tension fuelled by tanker attacks

LONDON, June 14 — Oil prices rose again today in reaction to geopolitical tension, building on the previous day’s surge sparked by suspected attacks on two tankers in the Gulf of Oman. The US government blamed Iran for mysterious explosions on…


Asia stocks subdued ahead of China data, Gulf attacks support oil

TOKYO, June 14 — Asian stocks were subdued today ahead of key Chinese data that could provide more clues on how heavily the US-Sino trade war is weighing on the economy, while oil prices were supported by supply concerns after attacks on tankers…


Oil prices surge after suspected attacks on tankers

NEW YORK, June 14 — World oil prices rose yesterday following suspected attacks on two tankers in the Gulf of Oman, worsening frayed tensions in the crude-rich Middle East region. The rise in oil prices — jumping as much as 4.5 per cent before…


Chinese vice-premier urges more support for economy as trade war bites

SHANGHAI, June 13 — Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice-Premier Liu He said today, suggesting Beijing would soon unveil more policies to bolster growth amid rising US…