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Asian stock markets rise on positive news flow
THE KLSE and most major Asian markets ended on a positive note yesterday, buoyed by expectations of better things to come. The markets rose following Wall Street's overnight gains on news that the US economy grew at 2.4% in the second quarter, which far exceeded economists' forecasts of 1.5%.
US stocks soar, Dow up
US stocks surged on Friday, with the Dow average hitting a five-week high, after a surprisingly strong durable goods report bolstered investors' confidence that an economic rebound is on its way and traders snapped up shares hit in Thursday's sell-off.
Shell halts buyback as Q2 profit soars
Royal Dutch/Shell Group, the world's second largest oil firm, reported a consensus-beating 51% rise in second-quarter profits yesterday, but disappointed the market somewhat by saying it would not buy back any more of its own shares this year.
Tokyo stocks close Higher Wednesday
The Nikkei Stock Average of 225 selected issues on the Tokyo Stock Exchange closed up 129.37 points, or 1.36 percent, at 9,615.34. The index lost 41.76 points, or 0.44 percent, Tuesday
US stocks gain, dollar drops
US stocks rose on Friday after stellar earnings from software leader Microsoft Corp and a broker's bullish call on fast-food giant McDonald's Corp, while bonds fell after a rise in July consumer sentiment.
Earnings may add to US stock market fizz
This week's rush of quarterly earnings announcements from icons like chip leader Intel Corp and banking titan Citigroup Inc may give the US stock market another jolt higher as Corporate America hints at an improving economy.
Australia's News Corp. eyeing stake in Indian arm of US-based Hughes Electronics
Australia's News Corp. has offered to buy a 20 percent stake in the Indian software arm of U.S.-based Hughes Electronics Corp., a news report said Monday.
Philippine shares end lower Monday
Philippine shares ended lower Monday, extending their correction after a recent rally, with investors selling San Miguel on an anti-graft court ruling that could have an impact over control of the company.
Tokyo stocks end higher Monday, US$ down against yen
The Nikkei Stock Average of 225 selected issues on the Tokyo Stock Exchange gained 120.28 points, or 1.25 percent, to close at 9,755.63. The index tumbled 320.35 points, or 3.22 percent, Friday.
HP, Home Depot lift Dow
US stocks ended higher on Friday as a bullish call on computer and printer maker Hewlett-Packard Co and a brokerage firm#8217;s upgrade of retailer Home Depot lifted the blue-chip Dow.
