Invest
   Home   |   Business News   |   Personal Finance   |   World News   |   U.S. News   |   Technology   |   Stock Alert   |   Stock Picks  |   Breaking News  |   Forex  |   Gold
Custom Search

Asia slips on weaker Wall Street, dollar marks time before Yellen

A man is reflected on a stock quotation board outside a brokerage in TokyoTOKYO (Reuters) - Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday's speech by Federal Reserve Chair Janet Yellen at the global central bankers' meeting.


Wall Street stocks retreat, oil tumbles on oversupply concerns

Traders work on the floor of the NYSEBy Hilary Russ NEW YORK (Reuters) - Wall Street stocks retreated on Wednesday led by health care and materials stocks, while oil prices tumbled about 3.0 percent on worries about oversupply. Mylan slumped 5.4-percent to $43.15 after U.S. presidential candidate Hillary Clinton joined a Senate committee in asking why the cost of its allergy treatment EpiPen had soared. Gold fell to a one-month low as the U.S. dollar firmed and markets looked ahead to a speech by Federal Reserve Chair Janet Yellen on Friday that will be closely watched for further clues on U.S. interest rate policy.


Wall St. falls as healthcare, materials stumble

Traders work on the floor of the NYSEBy Chuck Mikolajczak NEW YORK (Reuters) - Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months. The market is awaiting Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming, on Friday for insight on the direction of monetary policy. Recent hawkish comments from some Fed officials, including Vice Chairman Stanley Fischer, have raised expectations that Yellen might signal a hike in September.


China's CITIC Securities posts 58 pct fall in H1 profit

CITIC Securities Co Ltd , China's biggest brokerage, said on Wednesday its first-half net profit fell 58.0 percent, hurt by lower stock prices and a volatile stock market that made investors cautious and curbed their trading. Net profit for the six months to June fell to 5.24 billion yuan ($787.82 million) from 12.47 billion yuan a year earlier, the company said on Wednesday. In its preliminary report, CITIC had said its brokerage business, securities investment business and credit transaction business suffered a year-on-year decrease for the first half under the influence of overall market conditions.

World stocks ease, dollar holds ground as U.S. rate bets abound

Traders work at their desks in front of the German share price index DAX board in FrankfurtBy Jamie McGeever LONDON (Reuters) - Stocks slipped on Wednesday while the dollar continued to claw back last week's losses as investors grappled with the prospect of a U.S. interest rate increase in the months ahead coming amid continued uncertainty about the strength of the global economy. This uneasy balance helped push the U.S. yield curve, the difference between 10-year and two-year yields, to its flattest in a month. Asian and world stock indices succumbed to profit-taking after reaching one-year highs earlier this month, while U.S. futures pointed to a lower open on Wall Street.


Lumbering state companies become hot stock market bet

The Wider Image: Fuel prices around the worldBy Manoj Rawal and Abhirup Roy MUMBAI (Reuters) - India's state-owned companies, from builders such as NBCC to oil firms such as Bharat Petroleum Corp Ltd, are attracting top investors as cheap valuations, improving earnings, and share buybacks make them stand out in an otherwise expensive market. Many of the biggest state-owned companies are in the oil and gas sector, which is benefiting handsomely from a government decision allowing them to set prices - effectively turning them into regular profit-seeking businesses. As a result the Nifty Public Sector Enterprises (PSE) Index has surged nearly 17 percent since the start of June, handily beating the 6 percent gain in the broader Nifty 50 index, or NSE index, over the same period.


Stocks ease, dollar holds ground as U.S. rate bets abound

A man walks in front of an electronic board showing Japan's Nikkei average outside a brokerage in TokyoBy Jamie McGeever LONDON (Reuters) - Stocks slipped on Wednesday while the dollar continued to claw back last week's losses as investors grappled with the prospect of a U.S. interest rate increase in the months ahead coming amid continued uncertainty about the strength of the global economy. This uneasy balance helped push the U.S. yield curve, the difference between 10-year and two-year yields, to its flattest in a month. Asian and world stock indices succumbed to profit-taking after reaching one-year highs earlier this month, while U.S. futures pointed to a lower open on Wall Street.


Glencore earnings fall 13% to $4.02bn as company presses ahead with its turnaround plan

Glencore earnings fall 13% to $4.02bn as company presses ahead with its turnaround planGlencore, a miner and commodity trader, posted lower earnings but added its turnaround plan to cut debt through asset sales was on track. It said earnings in the first six months of its year tumbled 13% to $4.02bn (3.05bn), with the firm suffering from softer commodity prices and lower production volumes as world trade slows. The Swiss-based group said it has sold $3.9bn of assets since last September as part of its recovery plan to reduce debt built up over years of expansion.


 
 
   DOW JONES
  
   NASDAQ
 
   S & P 500



 

  

 



 
 
 
   Latest News From CNN Money

It's harder than ever to find debate moderators
Leslie Jones' website down after reported hack
Southwest Airline pilots take to picket lines
Prince's Paisley Park home to open to public
Mark Zuckerberg headed to Italy after earthquake
 
 
   Latest News From The Wall Street Journal
In University Purge, Turkey's Erdogan Hits Secularists and Boosts Conservatives
 
  Home
  Business News
  Personal Finance
  World News
  U.S. News
  Technology

         

               
                 Copyright 2007-, Invest.