stock market

 
 

Massive tax scam cost Europe €55b, report says

FRANKFURT, Oct 18 — A gigantic years-long tax scam saw banks drain €55 billion (RM263.4 billion) from national treasuries in Europe, a far larger sum than previously thought, media from across the continent reported today. The so-called…


China stocks suffer sharp sell-off on multiple investor worries

HONG KONG, Oct 18 — Chinese stocks fell sharply today as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities. The Shanghai…


Dollar stands tall, stocks fall after hawkish Fed minutes

LONDON, Oct 18 — The dollar rose to a one-week high today and stocks edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets. China’s stock markets were hit hard — its…


Asia stocks falter as China knocked by renewed trade war fears

TOKYO, Oct 18 — China's benchmark stock index skidded to four-year lows and dragged Asian equities down today, as renewed fears of a broadening economic impact from an escalating Sino-US trade conflict sapped confidence. The US dollar, however,…


Hong Kong Bourse Tipped To Open Higher

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Ahead of Wednesday’s holiday for the Chung Yeung Festival, the Hong Kong stock market had bounced higher again – one session after halting the three-day winning streak in which it had advanced more than 620 points or 2.4 percent. The Hang Seng Index now rests just above the 25,460-point plateau and it may add to its winnings Thursday as it catches up on missed positive sentiment. The global forecast for the Asian markets suggests mild consolidation thanks to a sharp drop in crude oil prices. The European and U.S. marketsRead More


Australian Market Declines

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The Australian stock market is declining on Thursday following the modest losses overnight on Wall Street in a choppy session after minutes of the Federal Reserve’s latest monetary policy meeting indicated at more interest rate hikes moving forward. Gains by miners were more than offset by weakness in banks and oil stocks. In late-morning trades, the benchmark S&P/ASX 200 Index is declining 15.70 points or 0.26 percent to 5,923.40, off a low of 5,914.90. The broader All Ordinaries Index is down 17.10 points or 0.28 percent to 6,030.00. Australian stocksRead More


India's Reliance reports 17.3pc rise in profits

MUMBAI, Oct 18 — Indian conglomerate Reliance Industries yesterday reported a 17.3 per cent rise in consolidated net profit boosted by strong revenues from its telecom venture Jio and margins from its core business of oil refining. The…


US data drags oil lower, US dollar up after Fed minutes

NEW YORK, Oct 18 — Oil prices fell yesterday after US crude inventories rose by much more than expected and exports fell, while the US dollar added to gains after minutes showed Federal Reserve policy makers largely united on the need to raise…


Italian bonds hit by concerns EU may reject budget plan

LONDON, Oct 17 — A recovery in Italy’s bond market fizzled out today, with yields rising once again – this time on a report that the EU will say the draft Italian budget does not meet the bloc’s guidelines, news of fresh supply and a selloff…


Ringgit ends firmer against us dollar ahead of 11MP review

KUALA LUMPUR, Oct 17 — The ringgit extended yesterday’s gains to close firmer today, tracking the local stock market which continued to rally ahead of the mid-term review of the 11th Malaysia Plan (11MP) to be tabled in Parliament tomorrow. At…