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Corporate News 27 Oct 2018 | 5:05 AM

Wall Street slide sends bonds higher, dents greenback

NEW YORK: Stock markets around the world tumbled on Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars.

TECH 26 Oct 2018 | 2:00 AM

The brothers behind Grand Theft Auto will make bank off Red Dead

In a compensation deal unique to the videogaming industry, Sam and Dan Houser, the brothers responsible for Grand Theft Auto, will get most of an expected US$538mil (RM2.24bil) in royalties this year, thanks to their latest, Red Dead Redemption II, due Oct 26.

Markets 05 Oct 2018 | 12:58 AM

US Treasuries sell-off has ripple effect across globe, stocks sink

NEW YORK: A two-day unloading of U.S. Treasuries pushed their yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, hitting Wall Street and stock markets globally.

Markets 25 Sep 2018 | 10:33 PM

Oil prices drop, Brent moves further away from 4-year high(Update)

TOKYO: Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices.

Markets 25 Sep 2018 | 10:28 PM

S&P 500 dips as chip stocks and utilities tumble

NEW YORK: The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy secto

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.

World 30 Jun 2018 | 5:30 AM

Investors hopeful Mexico's Lopez Obrador will veer to the centre

NEW YORK (Reuters) - Mexican assets are poised to strengthen even if leftist front-runner Andres Manuel Lopez Obrador wins Sunday's presidential election, analysts say, on expectations he will govern from the centre and as the uncertainty stemming from the race fades.

Markets 12 Jun 2018 | 10:35 PM

Global stocks steady after Trump-Kim summit, investors eye Fed

NEW YORK: Wall Street made modest gains on Tuesday while the U.S. dollar rose slightly against a basket of major currencies, with only muted impact from the long-awaited U.S.-North Korea summit aimed at denuclearizing the Korean peninsula.

World 08 Jun 2018 | 12:36 PM

Populist Doug Ford set to win Ontario polls, promises prosperity

TORONTO (Reuters) - The Progressive Conservative Party, led by populist Doug Ford, is on track for a sweeping victory in Canada's most populous province, Canadian networks projected on Thursday, as Ford declared the province is "open for business."