Stock Market

  • Consumers shrug off weak wage growth: ANZ AAP - 9 hours ago

    Consumers views of their finances and conditions in the wider economy have improved, boosting overall confidence, according to ANZ.

  • Japan factory output down in red flag for economy AFP - 10 hours ago

    Tokyo (AFP) - Japan's factory output unexpectedly slipped 0.

  • Japan factory output down in red flag for economy AFP - 20 hours ago
    Japan factory output down in red flag for economy

    Japan's factory output unexpectedly slipped 0.8 percent in January, the first fall in six months and the latest red flag for the world's number-three economy, official data showed Tuesday. The on-month figure, which missed market expectations for a 0.4 percent expansion, comes a week after Japan logged its first trade deficit in almost half a year. "This is a reminder to be cautious for those who have been upbeat on Japan's economy," Taro Saito, director of economic research at the NLI Research Institute, told Bloomberg News.

  • China pledges to speed up approval of stock listings AFP - Mon, Feb 27, 2017 7:18 PM AEDT
    China pledges to speed up approval of stock listings

    Beijing (AFP) - China's top securities regulator has pledged to speed up approvals of initial public offerings (IPOs), as the government seeks to attract capital and boost domestic growth.

  • When will the commodities rally end? Yahoo7 Finance - Mon, Feb 27, 2017 5:18 PM AEDT
    When will the commodities rally end?

    This time last year BHP Billiton was trying to reassure the world that it was doing everything it could to help the people of Brazil to recover from the collapse of its tailings dam at Samarco. It was also dealing with a collapse in the price of its key product – iron ore. The turnaround in the price of iron ore has been remarkable and it’s taken many by surprise.

  • China pledges to speed up approval of stock listings AFP - Mon, Feb 27, 2017 9:18 AM AEDT
    China pledges to speed up approval of stock listings

    China's top securities regulator has pledged to speed up approvals of initial public offerings (IPOs), as the government seeks to attract capital and boost domestic growth. Buoyed by the capital market's recovery from a 2015 rout, the China Securities Regulatory Commission (CSRC) on Sunday indicated it would loosen its grip on the nation's stock markets.

  • China regulator raps stock market 'crocodiles' AFP - Sun, Feb 26, 2017 11:01 PM AEDT

    Beijing (AFP) - China's stock market regulator on Sunday denounced the "crocodiles" that prey on small investors, at a time when Beijing is trying to reassure retail investors following the crash of summer 2015.

  • China regulator raps stock market 'crocodiles' AFP - Sun, Feb 26, 2017 1:01 PM AEDT
    China regulator raps stock market 'crocodiles'

    China's stock market regulator on Sunday denounced the "crocodiles" that prey on small investors, at a time when Beijing is trying to reassure retail investors following the crash of summer 2015. "In the capital market, being a financial tycoon is only a half step away from being a financial crocodile,? China in recent days has announced investigations into insurance companies, including Evergrande Life and Foresea Life, for alleged market manipulation.

  • Head-scratching investors call time on Trump stock rally AFP - Sat, Feb 25, 2017 4:16 AM AEDT
    Head-scratching investors call time on Trump stock rally

    Paris (AFP) - World equity markets came under pressure Friday as analysts ran out of ways to justify Donald Trump-inspired stock valuations, but some said the party may not be completely over.

  • Standard Chartered reports profit of $409 mn AFP - Fri, Feb 24, 2017 10:43 PM AEDT

    Hong Kong (AFP) - Asia-focused bank Standard Chartered on Friday announced it swung back to profitability, after it was able dampen the effect of bad loans.

  • Head-scratching investors call time on Trump stock rally AFP - Fri, Feb 24, 2017 6:16 PM AEDT
    Head-scratching investors call time on Trump stock rally

    World equity markets came under pressure Friday as analysts ran out of ways to justify Donald Trump-inspired stock valuations, but some said the party may not be completely over. The dollar stuttered, while Wall Street, Asian and European markets fell after Treasury Secretary Steven Mnuchin lowered US growth expectations, providing the trigger for a correction many said had been overdue. "The signs were there for a stock market plunge, which is exactly what has happened today," said Fawad Razaqzada, an analyst at Forex.com.

  • Standard Chartered reports profit of $409 mn AFP - Fri, Feb 24, 2017 12:43 PM AEDT
    Standard Chartered reports profit of $409 mn

    Asia-focused bank Standard Chartered on Friday announced it swung back to profitability, after it was able dampen the effect of bad loans. Chief executive Bill Winters described the results as "good progress", but said the figures were still not up to scratch. "Having worked hard to secure our foundations we are now focused on realising that potential," said Winters, who has been in the job for a year-and-a-half.

  • Ex-IMF boss Rato: fallen star of Spain's conservatives AFP - Fri, Feb 24, 2017 4:37 AM AEDT

    Madrid (AFP) - Former IMF chief Rodrigo Rato, who was convicted Thursday of embezzlement, was once a leading light in Spain's ruling conservatives, hailed for kicking off a decade of economic growth.

  • Ex-IMF boss Rato: fallen star of Spain's conservatives AFP - Thu, Feb 23, 2017 6:37 PM AEDT
    Ex-IMF boss Rato: fallen star of Spain's conservatives

    Former IMF chief Rodrigo Rato, who was convicted Thursday of embezzlement, was once a leading light in Spain's ruling conservatives, hailed for kicking off a decade of economic growth. Now the reputation of the former Spanish finance minister is in tatters over his chairmanship of finance group Bankia, whose near-collapse sparked an EU bailout of Spain's financial sector in 2012. A Spanish court handed the 67-year-old a jail sentence of four years and six months after finding him and other ex-managers of Bankia guilty of going on spending sprees on company credit cards.

  • Dow hits fresh record as S&P 500, Nasdaq retreat AFP - Thu, Feb 23, 2017 9:21 AM AEDT

    New York (AFP) - A strong run for world equities since President Donald Trump's election slowed Wednesday, although the Dow ended at another record.

  • 'Le Cost Killer' Ghosn quits Nissan CEO post, stays chair AFP - Thu, Feb 23, 2017 3:06 AM AEDT
    'Le Cost Killer' Ghosn quits Nissan CEO post, stays chair

    Nissan chief executive Carlos Ghosn, credited with reinventing the once nearly bankrupt Japanese automaker, said Thursday he is quitting his post to focus on overhauling rival Mitsubishi Motors, but will stay on as chairman. Ghosn, 62, who also heads up French automaker Renault, will hand over the CEO title to Hiroto Saikawa, who is currently co-chief executive with Ghosn, on April 1.

  • Dow hits fresh record as S&P 500, Nasdaq retreat AFP - Wed, Feb 22, 2017 11:21 PM AEDT
    Dow hits fresh record as S&P 500, Nasdaq retreat

    A strong run for world equities since President Donald Trump's election slowed Wednesday, although the Dow ended at another record. The S&P 500 and Nasdaq finished in negative territory, weighed down by ...

  • US stocks add to records after solid retail earnings AFP - Tue, Feb 21, 2017 3:49 PM AEDT
    US stocks add to records after solid retail earnings

    Wall Street stocks rose early Tuesday, adding to records, as solid holiday-quarter earnings from Wal-Mart Stores and Home Depot lifted retailers. On the first session of the holiday-shortened week, Wal-Mart jumped 2.7 percent after reporting a 1.8 percent gain in fourth-quarter comparable sales at US stores. Home Depot gained 1.0 percent after reporting an 18.6 percent jump in fourth-quarter earnings.

  • HSBC profit plunge weighs on stock markets AFP - Tue, Feb 21, 2017 12:38 PM AEDT
    HSBC profit plunge weighs on stock markets

    A massive drop in profits at banking giant HSBC helped push London and Hong Kong stocks into negative territory on Tuesday, while eurozone markets bounced off Asian gains to edge higher. Protectionist ...

  • Trump slams TPP, refugees at Florida rally AAP - Sun, Feb 19, 2017 1:58 PM AEDT

    Donald Trump has held a rally surrounded by delirious, flag and placard-waving supporters in a hangar at Florida's Orlando-Melbourne Airport.

  • Samsung heir arrested in corruption probe AFP - Fri, Feb 17, 2017 7:11 PM AEDT

    Seoul (AFP) - Prosecutors on Friday arrested the de facto head of South Korea's largest conglomerate, Samsung, on bribery and other charges related to a political corruption scandal that triggered the impeachment of President Park Geun-Hye.

  • World stocks pressured as Trump rally begins to ebb AFP - Fri, Feb 17, 2017 9:23 AM AEDT

    New York (AFP) - World stocks were pressured Thursday as a torrid US equity rally showed signs of fatigue amid questions over President Donald Trump's policy agenda.

  • Samsung heir arrested in corruption probe AFP - Fri, Feb 17, 2017 9:11 AM AEDT
    Samsung heir arrested in corruption probe

    Prosecutors on Friday arrested the de facto head of South Korea's largest conglomerate, Samsung, on bribery and other charges related to a political corruption scandal that triggered the impeachment of President Park Geun-Hye. In a fresh blow to the electronics giant's corporate image, a district court cited new evidence in approving the arrest warrant against vice-chairman Lee Jae-Yong, who oversees the family-run conglomerate in the absence of his ailing father. Among other allegations, Lee is accused of paying nearly $40 million in bribes to a confidante of President Park's to secure policy favours.

  • International markets roundup AAP - Fri, Feb 17, 2017 7:28 AM AEDT

    News from the world's major stock markets

  • Trump tweet celebrates Wall Street rally AFP - Fri, Feb 17, 2017 5:45 AM AEDT

    Washington (AFP) - President Donald Trump on Thursday hailed Wall Street's continuing rally, tweeting out a celebratory message as the White House continues to be roiled by internal divisions and scandal.

  • World stocks pressured as Trump rally begins to ebb AFP - Thu, Feb 16, 2017 11:23 PM AEDT
    World stocks pressured as Trump rally begins to ebb

    World stocks were pressured Thursday as a torrid US equity rally showed signs of fatigue amid questions over President Donald Trump's policy agenda. After five straight days of record closes, the S&P 500 ...

  • Trump tweet celebrates Wall Street rally AFP - Thu, Feb 16, 2017 7:45 PM AEDT
    Trump tweet celebrates Wall Street rally

    President Donald Trump on Thursday hailed Wall Street's continuing rally, tweeting out a celebratory message as the White House continues to be roiled by internal divisions and scandal. "Stock markets hit new high with longest winning streak in decades," Trump tweeted. Sent in the hours before stock markets opened on Thursday, the tweet followed the fifth straight all-time record finish for all three major stock indices, which have risen on hopes that Trump will soon release details of a new tax plan.

  • World stocks drop as Wall Street runs out of steam AFP - Thu, Feb 16, 2017 6:41 PM AEDT
    World stocks drop as Wall Street runs out of steam

    World stocks posted losses Thursday as investors cashed in on recent gains, rattled by Wall Street poised to snap out of its record-breaking run and the return of Trump-related worries. Traders are increasingly ...

  • Deutsche Boerse boosts profits, eyeing LSE tie-up AFP - Thu, Feb 16, 2017 9:03 AM AEDT

    Frankfurt am Main (AFP) - German stock exchange operator Deutsche Boerse on Wednesday reported strong increases in earnings and profits for 2016, as it awaits regulators' go-ahead for a tie-up with London Stock Exchange.

  • Deutsche Boerse boosts profits, eyeing LSE tie-up AFP - Wed, Feb 15, 2017 11:03 PM AEDT
    Deutsche Boerse boosts profits, eyeing LSE tie-up

    German stock exchange operator Deutsche Boerse on Wednesday reported strong increases in earnings and profits for 2016, as it awaits regulators' go-ahead for a tie-up with London Stock Exchange. The Frankfurt-based firm saw profits rise 14 percent to 811 million euros ($859 million), adjusting for special items, while revenues added 8.0 percent to reach 2.4 billion euros. "Our ongoing measures to enhance operating efficiency have shown their full effect," finance director Gregor Pottmeyer said in a statement, with controlling costs a "major contribution to earnings growth" in 2016.