Bloomberg It’s Australia’s most-shorted stock, but only one of the 10 analysts covering it considers it a sell. Meet Aconex Ltd., a Melbourne-based company whose software helps architects and developers work together in the cloud. If you believe the sell-side, shares will rise 10 percent over the next year. Bears, however, have a completely different opinion: their bets against ...
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World stocks mixed, Asia drops on Chinese liquidity concerns
HONG KONG / AP World stocks were mixed on Thursday, with Asian indexes falling as Chinese authorities tightened liquidity in the financial system of the world’s second largest economy. Germany’s DAX edge up 0.1 percent to 12,212 and France’s CAC 40 was flat at 5,067. Britain’s FTSE 100 shed 0.3 percent to 7,353. US shares were poised for a ...
Read More »US stocks fluctuate pound slips on Brexit
Bloomberg US stocks rose for just the second time in nine sessions, as financial shares rebounded from a six-week low after a spike in consumer confidence rekindled optimism in the strength of the American economy. Treasuries slipped and the dollar edged higher. Banks slammed by concern Donald Trump would have trouble getting regulatory roll-backs through Congress rallied on Tuesday ...
Read More »Asian stocks mixed as investors weigh US data
HONG KONG / AP Asian stocks were uneven on Wednesday as investors weighed strong US economic reports against uncertainty as Britain readies a formal request to leave the European Union. Tokyo’s benchmark Nikkei 225 index was practically unchanged at 19,208.10 and South Korea’s Kospi rose less than 0.1 percent to 2,164.32. Hong Kong’s Hang Seng climbed 0.4 percent to ...
Read More »US stocks rebound with banks as crude advances
Bloomberg US stocks rose for just the second time in nine sessions, as financial shares rebounded from a six-week low after a spike in consumer confidence rekindled optimism in the strength of the American economy. Treasuries slipped and the dollar edged higher. Banks slammed by concern Donald Trump would have trouble getting regulatory roll-backs through Congress rallied on Tuesday ...
Read More »Asian markets higher after Wall Street sinks
AP Asian stock markets rose Tuesday after Wall Street sank on worries the Trump administration might not do as much for businesses as once thought. Tokyo’s Nikkei 225 gained 1 percent to 19,175.48 and Hong Kong’s Hang Seng advanced 0.5 percent to 24,308.32. The Shanghai Composite Index declined 0.4 percent to 3,252.81 while Sydney’s S&P-ASX 200 added 0.2 percent ...
Read More »Global stocks sink as ‘Trump trade’ flips into reverse
AP Stocks around the world sank on Monday on worries that the Trump White House may not be able to help businesses as much as once thought. Many of the trends that have been in place since Election Day went into sharp reverse: The dollar’s value sank against other currencies, as did bank stocks, while prices jumped for Treasury ...
Read More »Mideast market follows global downtrend
Reuters Most Middle Eastern stock markets fell in thin trade on Monday, in line with global losses, with Egypt hit particularly hard. The Saudi stock index edged down 0.3 percent in the lowest volume since September; declining shares outnumbered advancing ones by 115 to 31. Most petrochemical producers fell, with Saudi Kayan Petrochemical losing 0.7 percent. The largest dairy ...
Read More »Stocks wobble, finish mixed as GOP pulls plug on health bill
AP US stocks flirted with sharp losses but managed a mixed finish during the weekend, after Republicans cancelled a vote on their health care bill because it became clear the bill would fail. Hospital stocks soared in response, while companies that stand to benefit from other Trump proposals faltered. For the second day in a row, stocks started higher ...
Read More »Shares of China’s Huishan Dairy sinks 85%
Bloomberg Shares of China Huishan Dairy Holdings Co. sank by a record 85 percent in Hong Kong before the company halted trading. The sudden crash wiped out about $4.1 billion in market value. A record 779 million shares in the Shenyang-based company changed hands, the most on Hong Kong’s exchange. Chairman Yang Kai said online speculation its largest shareholder ...
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