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Business

Blue chips up but Nasdaq slips

US blue chips finished slightly higher on Friday as he hopes for an economic recovery were bolstered by bellwether General Electric Co's earnings forecast and investors anticipated an interest rate cut by the Federal Reserve next week.

Business

Tokyo shares closer higher Wednesday, US$ up against yen

The Nikkei Stock Average of 225 selected issues closed up 59.97 points, or 0.66 percent, at 9,092.97 points.

Business

Wall Street surge lifts Asian markets

STOCK markets in Asia got a lift yesterday from the strong gains seen overnight on Wall Street after an economic report showed strength was returning to the US economy.

Business

Stocks fall as sentiment sours

B>NEW YORK:/BUS stocks slumped on Friday after a consumer sentiment gauge soured in June, while bond prices continued their upward march as traders saw more reason for the Federal Reserve to keep interest rates low.

Business

Positive mood on Nasdaq boosts local tech stocks

THE darkest period may be over but there are still no clear signs of recovery in the local semiconductor industry. Nonetheless, the industry is generally hopeful of a recovery in the second half of this year.

Business

Dow up, Nasdaq finishes lower

Blue-chip stocks eked out slight gains on Friday amid renewed hopes for a recovery, but the Nasdaq finished lower on near record volume as investors booked profits from a rally on news of Oracle Corp#8217;s proposed takeover of software rival PeopleSoft Inc.

Business

US stock buyers ignore scandals

A year ago, word of a government probe or accounting irregularity in the shell-shocked post-Enron world was enough to send US stocks careening and investors running for cover.

Business

Palm to buy Handspring

B>NEW YORK:/BPalm Inc will buy Handspring Inc, uniting pioneers of the troubled handheld computer industry in their struggle to re-ignite demand and stave off growing competition.

Business

CI resumes climb after breather

THE local stock market surged ahead yesterday after a breather on Wednesday, with the KLSE Composite Index (CI) breaching the resistance level of 680 points for the first time in more than eight months. The benchmark index closed at its highest level this year, with gains across the board.

Business

Staff placement to pick up

THE local personnel placement industry is expected to soar this year, spurred by staffing demand in corporations especially in the technology, life sciences, finance and banking, logistics and oil and gas industries.