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Euro falls on worries over German political uncertainty

NEW YORK, Nov 21 — The euro retreated yesterday on concerns about the political crisis engulfing Germany, but European and US stocks rose. At the close of trading, Frankfurt’s DAX 30 index was up 0.5 per cent, bouncing back from a weaker…


US dollar, Wall Street fall with tax overhaul in focus (VIDEO)

NEW YORK, Nov 18 — The US dollar was lower today along with Wall Street stocks as investors pulled back from technology stocks and were sceptical President Donald Trump’s Republican party would succeed in its efforts at overhauling US tax law….


US stocks retreat as market ponders tax cut prospects

NEW YORK, United Nov 17 — Wall Street stocks fell early today, pausing after the prior session’s rally as investors tried to suss out the prospects for President Donald Trump’s tax cut plan. The House of Representatives, as expected…


Tax overhaul drama moves to US Senate as House approves its bill

WASHINGTON, Nov 17 — Congressional Republicans took an important step yesterday toward the biggest US tax-code overhaul since the 1980s as the House of Representatives approved a broad package of tax cuts sought by senior lawmakers and President…


Asian shares gain as earnings, tax debate help US stocks

TOKYO, Nov 17 — Asian shares rose today as strong US earnings and a step forward in the US Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts. MSCI’s…


US stocks boosted by solid Wal-Mart, Cisco earnings

NEW YORK, Nov 16 — Wall Street stocks rose early today, bouncing from recent weakness along with global equities following solid earnings from Wal-Mart Stores and Cisco Systems.  The gains followed two days of declines prompted by weakness in…


Wall Street falls as energy tracks oil lower, tech weighs

NEW YORK, Nov 15 — US stocks fell yesterday as energy sector shares dropped for a fourth straight session, tracking crude prices, while tech, the best performing sector this year, weighed the most on the S&P 500. Oil prices fell for a fourth…


Asian stocks slip as oil woes sap sentiment, euro stands tall

TOKYO, Nov 15 — Asian stocks slipped today after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth. MSCI’s broadest index of Asia-Pacific shares outside…


GE, energy shares drag Wall Street lower, bond proxies rise

NEW YORK, Nov 15 — US stock indexes fell yesterday as General Electric shares plunged for a second straight day and a drop in crude oil prices hit energy stocks. GE fell 5.9 per cent to US$17.90 (RM74.97) in the largest daily volume in two…


Wall Street ticks up as dividend payers rise, GE slashes payout

NEW YORK, Nov 14 — US stock indexes rose yesterday as a sharp drop in General Electric shares was more than offset by gains in high dividend-paying sectors including consumer staples and utilities. General Electric slashed its dividend by 50…