Cathay Pacific returns to profit Gulf News | Hong Kong: Cathay Pacific Airways, Hong Kong's biggest carrier, posted a second-half profit after paring capacity and selling a stake in a maintenance venture. | The HK$3.9 billion (Dh1.84 billion) profit compared with a loss of HK$7.9 billion a year earlier, based on annual results announced yest...
Wall Street Shares Try to Push Higher The New York Times | Shares on Wall Street edged higher Wednesday after the government said businesses trimmed their inventories again in January. | The Commerce Department said that wholesale inventories fell 0.2 percent in January following a 1 percent drop in December. Sales rose 1.3 percent, however. That was the ...
China Mobile to buy into bank Gulf News | Hong Kong: China Mobile agreed to buy 20 per cent of Shanghai Pudong Development Bank Co. for 39.8 billion yuan (Dh21 billion) to expand its electronic-payment business. | The carrier's Guangdong Mobile unit plans to buy 2.21 billion new China-list...
NSE to tie up with S&P 500 The Times Of India MUMBAI: The world is coming to India's stock markets. On Wednesday, National Stock Exchange (NSE), the country's largest exchange by turnover, announced that it would soon approach the regulators for permission to launch futures contracts on S&P 500 ...
Cathay Pacific returns to profit Gulf News | Hong Kong: Cathay Pacific Airways, Hong Kong's biggest carrier, posted a second-half profit after paring capacity and selling a stake in a maintenance venture. | The HK$3.9 billion (Dh1.84 billion) profit compared with a loss of HK$7.9 billion a ye...
Wall Street Shares Try to Push Higher The New York Times | Shares on Wall Street edged higher Wednesday after the government said businesses trimmed their inventories again in January. | The Commerce Department said that wholesale inventories fell 0.2 percent in January following a 1 percent drop in Decemb...
A look at global economic developments The Boston Globe | A look at economic developments and activity in major stock markets around the world Wednesday: | ------ | BEIJING -- China's exports surged in February in a new sign of growing global demand that could help persuade officials to let the Chinese cu...
AP / Richard Drew
Wall Street Shares Move Within a Narrow Range The New York Times | Shares traded within a tight range Tuesday, a year after major market indexes hit 12-year lows. | With little in the way of economic reports or earnings to help drive shares high...
Asian stocks mixed after lackluster US finish The Boston Globe | HONG KONG-Asian stocks were mixed Tuesday, taking a breather after sharp gains the day before as investors awaited more clues about the health of the world economy. | A number of...
Sensex falls over 41 points on profit taking The Siasat Daily | Mumbai, March 09: The Bombay Stock Exchange benchmark Sensex shed over 41 points in the opening trade today,snapping the two-session winning streak as investors sold stocks to bo...
World stock markets flat but British pound takes another hit after poor industrial data Star Tribune | LONDON - World stock markets rose modestly Wednesday, though trading was listless as investors looked for direction, while the British pound continued to founder following weak industrial output figures. | In Europe, the FTSE 100 index of leading B...
Sensex closes flat The Siasat Daily | Mumbai, March 10: A benchmark index for Indian equities shut shop on a flat note Wednesday, giving up its intra-day gains. | The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,072.94 points, was ruling at 1...
US STOCKS SNAPSHOT-Dow turns lower; S&P, Nasdaq pare gains The Guardian NEW YORK, March 10 (Reuters) - The Dow slipped into negative territory at midday on Wednesday, while the Nasdaq and S&P 500 pared gains as a rise in financial shares was offset by declines in energy shares. The Dow Jones industrial average was down 15.87 points, or 0.15 percent, at 10,548.51. The Standard & Poor's 500 Index was up 1.73 points, or 0...
Soaring China home prices thwart ordinary buyers The Press Democrat | Yang and many other young Chinese are finding their aspirations thwarted by an overheated property market that is enriching already wealthy speculators, local officials and other Communist Party allies. | It's a hard reality for a generation that views home ownership as a given after reforms more than a decade ago created a housing market open to...
