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Markets 06 Mar 2019 | 10:42 PM

US, global stocks lose ground

NEW YORK: A gauge of global stocks lost ground for a third straight session on Wednesday, unable to build momentum from a jump in Chinese equities, while the Canadian dollar weakened after a dovish turn by the Bank of Canada

Markets 07 May 2018 | 10:35 PM

Apple leads Wall Street higher

NEW YORK: Wall Street climbed on Monday, boosted by Apple's sixth straight day of gains and by a surge in oil prices to their highest since 2014.

Business 22 Aug 2016 | 10:35 PM

Wall St. little changed as biotechs offset energy drop

NEW YORK: U.S. stocks were little changed on Monday as a drop in oil prices that weighed on the energy sector was offset with a strong showing by biotech stocks.

Business 29 Jun 2016 | 10:30 PM

Global stock, oil prices gain as Brexit jitters abate

NEW YORK: Stock markets around the world rebounded for the second straight day on Wednesday as fears about last week's Brexit vote eased and investors wagered central banks would ultimately ride to the rescue with more stimulus.

Business 16 Jun 2016 | 10:37 PM

Cosmetics maker Revlon to buy Elizabeth Arden in US$870mil deal

NEW YORK: Cosmetics maker Revlon Inc has agreed to buy Elizabeth Arden Inc in an US$870 million deal to strengthen its skincare and fragrance business and expand in high-growth markets including the Asia-Pacific region.

Business 12 Jun 2016 | 10:32 PM

Elusive S&P record looms as investors weigh data, Fed

NEW YORK: With the S&P 500 again coming close to a record this week before falling back, investors will turn next week to a full slate of economic data and a Federal Reserve meeting in hope of fresh reasons whether to drive stocks to new highs.

Business 05 Jun 2016 | 10:30 PM

After grim US payrolls, focus turns to economy

NEW YORK: With a June Federal Reserve interest rate hike likely off the table following Friday's dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance.

Business 27 Apr 2016 | 10:53 PM

Smaller tech stocks thrive even as large names get hammered

NEW YORK: The technology sector has taken it on the chin in recent days, after lukewarm-to-disappointing results from a range of bellwethers such as Apple, Alphabet and Microsoft, but stocks of smaller tech companies have managed to buck the downtrend.

Business 23 Feb 2016 | 10:52 PM

Wall St. stumbles as oil slumps again

NEW YORK: Wall Street stocks slid on Tuesday, hurt by pressure from a renewed drop in oil prices, undercutting momentum that had helped the market rebound from a sluggish start to the year.