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Markets 19 Jul 2017 | 10:42 PM

Wall Street at new highs as tech breaches dot-com era record

NEW YORK: The S&P 500 tech sector broke its previous record closing high that had held since March 2000 in the midst of the dot-com and Y2K tech stocks bubble. It has been the best-performing sector this year with a 22.8 percent advance.

Banking 19 Jul 2017 | 2:42 PM

Morgan Stanley claims another trading victory over rival Goldman Sachs

NEW YORK: Morgan Stanley beat Wall Street’s profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat.

Business 19 Jul 2017 | 2:12 PM

Nasdaq, S&P hit record highs as tech, health stocks rise

NEW YORK: The Nasdaq and the S&P 500 opened at record highs on Wednesday, powered by technology and healthcare stocks, while the Dow was weighed down by a fall in IBM’s shares.

Business 19 Jul 2017 | 12:22 AM

Breakfast briefing: Wednesday, July 19 (Update)

Breakfast briefing: Wednesday, July 19

Forex 18 Jul 2017 | 10:42 PM

Nasdaq hits record on Netflix boost; Dow dragged by Goldman

NEW YORK: A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman Sachs Group Inc dragged the Dow lower as earnings take center stage on Wall Street.

Banking 14 Jul 2017 | 12:28 PM

JPMorgan beats estimates on Fed rate hikes, loan growth

NEW YORK: JPMorgan Chase & Co, the biggest US bank by assets, reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and loan growth more than offset a drop in bond trading.

Markets 03 Jul 2017 | 10:03 AM

KLCI up on late push as Petronas stocks top gainers

KUALA LUMPUR: Petronas-linked stocks were the top gainers on Monday as crude oil prices extended their recovery, helping to nudge the FBM KLCI into the positive territory towards the close.

Banking 16 Jun 2017 | 12:00 AM

ETF firms wait eagerly for start of China-HK link

HONG KONG: Exchange-traded fund firms are waiting for the start of a link that would let potentially millions of Chinese investors buy ETFs in Hong Kong, but the programme is still at the discussion stage, according to the chief executive of the city’s stock exchange.

Business 28 Apr 2017 | 8:08 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 28 Apr 2017 | 7:50 AM

Barclays Q1 profit doubles, misses bond trading boom

LONDON: Barclays reported its first-quarter profit more than doubled on Friday, but its investment bank missed out on a bond trading boom that saw earnings surge at its Wall Street rivals and its shares fell in initial trading.