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Business

Wall Street sentiment muted

B>NEW YORK:/BThe US stock market is nearing the end of its best year since the dawn of the new millennium, but almost nobody is partying like it's 1999.

Business

Dow ends at 2003 high, Nasdaq dips

B>NEW YORK: /B>The blue-chip Dow ended at its highest level in about 19 months for the fourth straight day on Friday, while the Nasdaq and the broad Standard Poor's 500 index declined, in whipsaw trading driven by 'witching,' the expiration of various derivative contracts.

Business

Petronas beats Genting to best company title in FEER survey

PETROLIAM Nasional Bhd (Petronas) has been voted Malaysia's top company for overall leadership for the first time, overtaking nine-year winner Genting Bhd in the I>Far Eastern Economic Review's /I>annual company survey, theIReview 200: Asia's Leading Companies/I>.

Business

Wall Street 2003 bonuses seen at US$10.7bil

B>NEW YORK: /B>Wall Street workers can thank a surging stock market for their extra 2003 year-end windfall, with total bonuses expected to jump nearly 25% to US$10.7bil, said New York comptroller Alan Hevesi.

Business

Stocks up, aided by United Tech

US stocks rose on Friday, extending the blue-chip Dow#8217;s 18-month high closes, as positive profit forecasts from United Technologies Corp and Coca-Cola Co offset a worse-than-expected reading on consumer confidence.

Business

US Fed keeps rates low

The US Federal Reserve has held interest rates at 45-year lows as policy-makers renewed a commitment to keep borrowing costs down for a lengthy period, although they said the threat of falling prices had eased.

Business

Stocks, dollars drop on job data

Stocks fell on Friday, and the dollar slumped to another record low against the euro, as hopes for sustained US economic growth were dashed by downbeat US jobs data and an Intel Corp forecast.

Business

Holiday sparks a cautious market

B>NEW YORK: /B>US stocks edged up in light trading on Friday, as investors anticipated a solid holiday shopping weekend and more data next week likely to show the US economic recovery is accelerating.

Business

South Korean industrial production surges

South Korea's industrial production surged 7.4 percent in October from the same month last year for one of its biggest spurts of 2003, on robust semiconductor and auto exports, government data showed Friday.

Business

Philippine shares end lower Friday on political concerns

Philippine shares ended marginally lower Friday as political concerns continued to weigh on market sentiment ahead of next year's elections, traders said.