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Business 01 Oct 2015 | 12:00 AM

Ill-timed bets on energy sector hurt US mutual funds

BOSTON: One-in-four US large-cap mutual funds have increased their stakes in energy companies this year and many have suffered heavier losses than their peers as a result of ill-timed bets.

Markets 12 Dec 2018 | 10:39 PM

Wall Street closes up, investors optimistic on China trade

NEW YORK: U.S. stocks closed up on Wednesday afternoon, though well below their session highs as investors pulled back in the last few minutes of trading despite optimism about U.S.-China trade relations and some reassuring signs in British politics.

Business 13 Sep 2018 | 12:00 AM

BoE likely to support pound amid brighter data

LONDON: The pound’s fortunes are being dictated by Brexit and recent optimism over a deal could lead to a more hawkish-sounding Bank of England (BoE) driving the currency higher.

Markets 11 Aug 2018 | 2:31 AM

World markets themes for the week ahead

LONDON: Following are five big themes likely to dominate thinking of investors and traders in the coming week.

Business 26 Feb 2018 | 12:00 AM

Bond traders step back from 3% yield to watch Powell navigate Fedspeak

NEW YORK: Bond traders came the closest in four years to a 3% yield on the 10-year Treasury note. Whether it breaches that level may be determined by how new Federal Reserve chairman Jerome Powell handles the limelight.

Business 05 Feb 2018 | 12:00 AM

Bond boom unfettered by defaults

LONDON: A boom in sales, a pick-up in defaults, and risk premiums keep on dropping.

Markets 21 Nov 2017 | 10:41 PM

Global stocks rally on growth, earnings outlook; Wall St. at record highs

NEW YORK: Major world equity markets rallied and government bond yields fell on Tuesday as strong corporate profits, steady global growth and low inflation provide scant alternatives for investors outside of stocks

Corporate News 05 Oct 2017 | 8:11 AM

Petronas’ Canadian unit says looking to sell oil and gas asset in Alberta

KUALA LUMPUR: Progress Energy, the Canadian unit of Malaysian state energy firm Petroliam Nasional Berhad, said on Thursday it was looking to sell its Deep Basin oil and gas asset in the Canadian province of Alberta.