Business

Tokyo / AfP Tokyo shares rose in early trading on Thursday as a weaker yen provided support to exporters following a positive lead from Wall Street as oil prices rebounded from steep falls. US stocks pushed higher on Wednesday as crude prices stabilised, with both US and Brent closing modestly higher following Tuesday’s slump of more than four percent. Higher ...

Hong Kong / AFP Asian stocks mostly slumped on Wednesday as sentiment was dragged down by a renewed drop in oil prices and a resurgent yen sucked the air out of the Japanese market. Crude weakened after Iran’s oil minister called a proposal by Saudi Arabia and Russia to freeze production “ridiculous”, as it seeks to boost output after years ...

New York / AFP US stocks tumbled, with energy-related equities dropping on lower oil prices and large banks falling on worries over bad energy loans. The Dow Jones Industrial Average fell 188.88 points (1.14 percent) to 16,431.78. The broad-based S&P 500 fell 24.23 (1.25 percent) to 1,921.27, while the tech-rich Nasdaq Composite Index dropped 67.02 (1.47 percent) to 4,503.58. Oil ...

Hong Kong / AFP Asia’s share rally stalled on Tuesday with markets battling a fresh fall in the price of oil and fears for the Chinese economy. Japanese stocks fell as a stronger yen hit exporters while Shanghai also closed down, after the first indicators for Asia’s biggest economy this month showed private gauges of manufacturing and services falling to ...

Tokyo / BLOOMBERG Tokyo stocks fell on Tuesday as a stronger yen hit exporters and auto parts giant Takata dived on news it could be hit with tens of millions more recalls linked to a deadly airbag scandal. The market got off to a strong start, tracking a rally on world bourses as oil prices picked up. But those gains ...

Hong Kong / AFP Asian shares swept higher on Monday, with Shanghai leading the charge after China replaced its securities regulator, while a rise in oil prices cheered investors across the region. Equities extended last week’s sharp rally, notching gains almost across the board after news that Russia and Saudi Arabia may freeze production sent crude higher. Chinese shares closed ...

Tokyo / AFP Tokyo stocks shrugged off early losses on Monday morning as a weakening yen gave a lift to exporters and oil prices rebounded, after the market’s biggest weekly rise in six years. The benchmark Nikkei 225 index fell at the opening bell, tracking a dip on US and European markets Friday, as uncertainty hung over world oil output. ...

New York / AFP Global markets sagged but still turned in one of the strongest weeks of 2016 despite worries about economic growth and weak commodity prices. China’s intervention to support the yen and scare off devaluation speculators, and a deal struck to possibly avert Britain’s pullout from the European Union, reduced some of the risks that had dogged markets ...

DUBAI / WAM Integrated Securities, one of the UAE’s brokerage firms and a subsidiary of Abu Dhabi Financial Group (ADFG) has become a Member of Nasdaq Dubai, providing its clients with the opportunity to trade equities on the region’s rapidly expanding international stock exchange. Integrated Securities’ arrival on the market opens a new gateway for both its retail and institutional ...

Hong Kong / AFP Asian stocks mostly joined a global rally on Thursday with a surge in oil prices providing some much-needed confidence as key producer Iran praised an output freeze by Saudi Arabia and Russia. Crude, which last week flirted with 13-year lows, extended a surge that began Friday as dealers grow hopeful of an easing to the overproduction ...