wall street

 
 

Bursa Malaysia likely to edge higher to 1,620 next week

KUALA LUMPUR, Sept 14 — Bursa Malaysia is expected to edge higher towards the 1,620 level next week, driven by positive domestic economic performance and Wall Street sentiment, renewed optimism over the breakthrough in the US-China trade war talks…


Global stocks, bond yields lifted by US-China trade hopes

EW YORK, Sept 13 — A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed yesterday after signs of progress in US-China trade talks, as well as a solid US retail sales report, allayed recession…


Citigroup stands by card strategy despite economic clouds

NEW YORK, Sept 14 — Some Wall Street analysts have begun to question whether Citigroup Inc’s big bet on credit cards will backfire if the US economy enters a recession, despite the bank saying it is underwriting responsibly. The New York-based…


US stocks open higher, flirting with records

NEW YORK, Sept 13 — Wall Street brushed off the ominous date and pushed higher at the open today, stoked by relief that President Donald Trump’s trade war with China appears to be inching towards a resolution. China announced today it will…


Trump favours ‘whole deal’ with China, two sides prepare for trade talks

WASHINGTON, Sept 13 — President Donald Trump said yesterday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an “easy” agreement would not be possible. “I’d rather…


Washington, Beijing lay ground for trade deal talks; China buys US soybeans

BEIJING/WASHINGTON, Sept 13 — The United States yesterday welcomed China’s renewed purchases of US farm goods while maintaining the threat of US tariff hikes as the world’s two largest economies prepared the ground for talks aimed at breaking…


US core inflation firming, but Fed still seen cutting rates

WASHINGTON, Sept 13 — US underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a…


Wall Street ends higher on trade, ECB stimulus hopes

NEW YORK, Sept 13 — Wall Street advanced yesterday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the US-China trade front and a promise of continued stimulus from…


Wall Street gains on easing trade concerns, euro zone stimulus

NEW YORK, Sept 12 — US stocks gained in morning trading today after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank launched a stimulus drive to boost the ailing euro zone…


Trade war thaw and ECB hopes lift world stocks to six-week highs

LONDON, Sept 12 — World stocks climbed to their highest in six weeks today as the European Central Bank prepared to offer new stimulus measures and the United States and China made mutual concessions in their trade dispute, improving demand for…