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Strong corporate earnings power rebound on Wall Street

NEW YORK, Oct 19 — US stocks rose broadly today, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 per cent drop a day earlier. Consumer goods bellwether…


Wall Street slides as Saudi Arabia, Italy add to economic concerns

NEW YORK, Oct 19 ― US stocks fell more than 1 per cent yesterday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia,…


Wall St drops after weak industrial earnings, hawkish Fed

NEW YORK, Oct 18 — US stocks fell today as weak earnings reports from industrials raised worries over rising expenses and the impact of tariffs, adding to concerns of higher borrowing costs after hawkish commentary in the Federal Reserve’s…


Despite Trump criticism, Fed sees need for more rate hikes

WASHINGTON, Oct 18 — Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite US President Donald Trump's view that interest rate hikes have already…


US stocks fall on housing data, mixed earnings

NEW YORK, Oct 17 — Wall Street stocks retreated early today following lacklustre US housing data and mixed corporate earnings. About 20 minutes into trading, the Dow Jones Industrial Average stood at 25,620.19, down 0.7 per cent. The broad-based…


Asia shares rally as Wall St bounce relieves

SYDNEY, Oct 17 — Asian equities got some much needed relief today after upbeat US earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies. Japan's Nikkei leaped out of the…


Wall St rallies over 2pc with earnings, data boost

NEW YORK, Oct 17 — US stocks surged more than 2 per cent yesterday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp selloff. Wall…


US stocks rally after strong earnings

NEW YORK, Oct 16 — Wall Street stocks jumped in early trading today following a batch of mostly good earnings that helped investors look past recent stock market weakness. About 20 minutes into trading, the Dow Jones Industrial Average was at…


Asian shares are slightly stronger after last week’s battering

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Equities edge higher, but increasing tension between Saudi Arabia and the West has fanned geopolitical concerns and capped gains   Tokyo — Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although increasing tension between Saudi Arabia and the West has fanned geopolitical concerns and capped gains. MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.25%, crawling away from a 19-month trough touched on Thursday. Japan’s Nikkei bounced 0.6% following a decline of nearly 2% the previous day. The disappearance inRead More


US retail sales increase modestly, consumer spending strong

WASHINGTON, Oct 16 — US retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. But other details of the report from the Commerce…