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Wall Street hit again by growth worries; blue-chip earnings prop up Dow

NEW YORK, Jan 24 — The S&P 500 and the Nasdaq dropped yesterday as US stocks gave up a strong start, hamstrung by lingering concerns over economic growth, while the Dow stayed afloat helped by strong earnings from IBM and other blue-chips. The…


White House denies reports of cancelled trade meeting

WASHINGTON, Jan 23 — The White House yesterday said high-level trade talks with Beijing were proceeding uninterrupted, quickly rebutting media reports that progress toward resolving their trade war had faltered. Chinese Vice Premier Liu He is to…


Wall Street drops as economic outlook, corporate forecasts sour

NEW YORK, Jan 23 — US stocks ended lower yesterday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. All three major US stock indexes pared losses…


Asian shares, oil skid on global growth worries

SYDNEY, Jan 22 — Asian shares stumbled and oil prices fell today as pessimism about world growth drove investors away from risky assets, while sterling ticked lower in the face of the latest twists and turns in the Brexit saga. China got the week…


Asian shares, US stock futures slip as growth worries loom

SYDNEY, Jan 22 — Asian shares and US stock futures slipped today amid signs of pessimism about world growth, while sterling dithered as the latest plan for Brexit appeared to come and go with no progress. MSCI’s broadest index of Asia-Pacific…


Trade talk hopes poise dollar for first positive week this year

NEW YORK, Jan 19 — The dollar held firm against its rivals yesterday and was poised for its first weekly gain in five weeks, boosted by optimism about trade talks between China and the United States. US Treasury Secretary Steven Mnuchin discussed…


US chipmakers may give clues on China hazard

SAN FRANCISCO, Jan 19 — Intel Corp operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors. Apple rattled global markets this month when…


US stocks rise again on hopes of trade deal

NEW YORK, Jan 18 — Wall Street stocks pushed higher today as optimism over a potential US-China trade agreement offset mixed earnings reports from Netflix and others. About 35 minutes into trading, the Dow Jones Industrial Average was up 0.5 per…


US stocks rise on report US could lift China tariffs

NEW YORK, Jan 18 ― Wall Street rose for a third straight session yesterday boosted by a report that Washington was considering scaling back some tariffs on China. The Dow Jones Industrial Average rose 0.7 per cent to close the day at 24,370.10,…


Report: US officials consider lifting China tariffs

WASHINGTON, Jan 18 ― US officials have considered lifting tariffs on Chinese imports to calm volatile stock markets and encourage Beijing to make concessions in current trade talks, The Wall Street Journal reported yesterday. American and Chinese…