Wall St set to open higher ahead Trump’s budget plan

By Tanya Agrawal Undated, May 23 : U.S. stocks looked set to open higher on Tuesday, shrugging off a deadly bomb blast in Britain and ahead of U.S. President Donald Trump’s first full budget plan that is aimed at slashing government spending and trimming the deficit. Trump is set to propose a raft of politically […]

Britain’s FTSE recovers, set for fourth straight week of gains

By Helen Reid LONDON, May 19 : Britain’s major share index recovered on Friday after a pullback in the previous session, marching towards its fourth straight week of gains as investors focused on underlying earnings growth and better economic data. The FTSE 100 was up 0.5 percent by 0900 GMT, on track for its fourth […]

Australian shares hit 8-week low on weak banks, Wall Street slump

By Hanna Paul Undated, May 18 : Australian shares fell on Thursday as Westpac Banking Corp traded ex-dividend, posting its worst day in nearly eleven months, while a slump in Wall Street due to the worsening White House turmoil added to the gloom. The S&P/ASX 200 index dropped 1.3 percentage, or 77.2 points to 5,709.8 […]

Concerns over Trump dent stocks, dollar

By Vikram Subhedar LONDON, May 17 : Concern that U.S. President Donald Trump’s reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data on Wednesday to hit the dollar and spur a pullback from richly valued stocks. Reports that Trump asked then-FBI […]

After record run, Korean stocks look to Moon effect, earnings to build on gains

By Nichola Saminather SINGAPORE, May 11 : Defying a toxic mix of nuclear and political tensions, South Korean stocks – Asia’s cheapest – have scored record-highs in the past week. Now, with the election of liberal moderate Moon Jae-in as the nation’s president, bets are that Korean equities will run up further gains. The benchmark […]