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International Markets

Gibson International and Pacific Union International announce plan to unite

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LONDON: Angeles-based brokerage Gibson International and Pacific Union International, Inc., the eighth-largest real estate brokerage in the U.S. by 2016 sales volume, today announced the intent to unite brands in the first quarter of 2018. Led by Co-founders and President, Scott Gibson, and Executive Vice President Pat Heller, independent boutique luxury brokerage Gibson International has 160 real estate professionals in four offices in Brentwood, Santa ... Read More »

Stock markets firm as Bitcoin futures make debut

INTERNAITONMARKETS

HONG KONG: Stocks mostly inched higher in Europe and Asia Monday in a busy week set to include policy decisions from three major central banks and fresh readings on inflation. The Stoxx Europe 600 edged up 0.1% in early trading after its best week since July, following upbeat sessions on Wall Street and in Asia. Europe’s banking sector rose 0.6%, helping ... Read More »

China stocks move higher

intertnational markets

SHANGHAI:China stocks ended higher on Friday, as better-than-expected Chinese trade data underpinned market sentiment. China’s exports and imports accelerated last month after slowing in October, an encouraging sign for the world’s second-biggest economy which has started to slow amid an official crackdown on debt risks and factory pollution. At the close, the Shanghai Composite index was up 18.11 points or ... Read More »

China, Hong Kong stocks rise on robust China trade data

international markets

SHANGHAI: China and Hong Kong stocks rose on Friday morning as better-than-expected Chinese trade data underpinned market sentiment. China’s exports and imports accelerated last month after slowing in October, an encouraging sign for the world’s second-biggest economy which has started to slow amid an official crackdown on debt risks and factory pollution. Shanghai Composite index was up 6.78 points or ... Read More »

Hong Kong stocks tumble with sell off of year’s best performers

international markets

HONG KONG: Losses in Hong Kong stocks accelerated in Wednesday’s afternoon trading session with a sell-off in this year’s best-performers including Geely Automobile Holdings, Ping An Insurance and AAC Technologies, forcing the benchmark index to post its biggest daily decline in a year. Mainland China stocks dropped amid worries the regulators are escalating their crackdown on securities manipulation. The Hang ... Read More »

Russia, UK trade shows growth for 1st time in 3 years: Russia’s Trade Rep

international markets

MOSCOW:Russia’s trade representative in the United Kingdom Boris Abramov told Sputnik in an interview that Russia-UK trade has grown this year for the first time since 2014, increasing by 25 percent year-over-year for the first nine months of 2017 to $9.3 billion.There are currently preconditions, not only for the further expansion of business activity between the two countries, but also for its diversification, primarily in the non-oil and gas sectors, according to Abramov. The trade turnover between Russia ... Read More »

Chipmakers drag stocks after bearish note, U.S. crude falls

international

NEW YORK: Declines in chipmaker shares weighed on stocks across the globe on Monday, while U.S. energy shares fell as crude dropped and the dollar slipped against the yen. A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly U.S. chipmaker stocks .SOX fell ... Read More »

Another stock market record: Longest S&P 500 run without a 3% slump

INTERNATION

LONDON: While the Trump era has brought enormous turbulence to Washington, that volatility has been missing on Wall Street. In fact, the S&P 500 hasn’t fallen 3% from a previous high point (over one day or several days) since the slump that ended on November 4, 2016, four days prior to the election. That 388-day stretch is the longest the ... Read More »

World stocks rise amid upbeat European data, US holiday

internation markets

NEW YORK: World stock markets were mostly higher Friday after more upbeat economic data in Europe, though trading was still subdued due to the U.S. Thanksgiving holiday. Investors were monitoring Chinese shares, which stabilized after an early tumble. KEEPING SCORE: In Europe, France’s CAC 40 was up 0.6 percent to 5,413 while Germany’s DAX gained 0.9 percent to 13,126. Britain’s ... Read More »

SE Asia Stocks-Singapore marks 2-1/2-yr closing high on industrial output data

international markets

SINGAPORE: Singapore shares touched a two-and-half-year closing high on Friday, as industrial output in October climbed for a fifteenth straight month, while Philippine and Vietnam stocks reversed losses from earlier in the day to end higher. The Singapore stock index closed up 0.6 percent, boosted by data showing the city-state’s industrial production rose 14.6 percent, driven by a continued surge ... Read More »

Tapping into global markets for Canadian farmed fish and seafood

INTERNATIONAL MARKETS

  OTTAWA: Canadian aquaculture farmers are increasingly important contributors to the Canadian economy, particularly in smaller coastal and rural communities. Surging global consumer demand for high-quality and sustainably-sourced seafood products is making aquaculture one of the fastest growing industries worldwide. With exports valued at $1 billion in 2016, fish and seafood are a key part of meeting our government’s ambitious ... Read More »

Stocks rally on boost from strong global growth, earnings

INTERNATINAL MARKETS

  SYDNEY: Asian shares joined a global rally to reach their highest in a decade on Wednesday as strong world growth and rising corporate profits lured hordes of investors into equities, while oil prices jumped closer to a recent 2-1/2 year top. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.4 percent to Wednesday’s 1.3 percent rise – ... Read More »

European stocks brush aside German political uncertainty

INTERNATIONAL MARKETSW

LONDON: Stock markets in Europe and the euro currency held their own Monday despite political uncertainty in Germany after talks on forming a new government collapsed stoked talk of new elections. With the U.S. heading into a long holiday weekend, trading volumes this week is expected to be relatively modest. KEEPING SCORE: In Europe, Germany’s DAX was up 0.3 percent ... Read More »

Asia markets mixed as investors focus on US tax reform

INTENRATIONAL MARKETS

SHANGHAI: In Australia, the ASX 200 closed down 11.58 points, or 0.19 percent, at 5,945.67. The heavily-weighted financial subindex was down 0.41 percent, while the energy sector trimmed morning gains to rise 0.11 percent. Japan’s Nikkei 225 fell 135.04 points, or 0.6 percent, to 22,261.76, while the Topix index was down 4.11 points, or 0.23 percent, at 1,759.65. In South ... Read More »

Oil price decline weighs on markets ahead of US tax vote

INTERNATIONAL

  NEW YORK: Global share prices fell sharply Wednesday as sinking oil prices weighed on oil producers and other energy stocks. Investors are also monitoring developments surrounding President Donald Trump’s attempt to get sweeping legislation to revamp the U.S. tax system through Congress. In Europe, Germany’s DAX fell 1 percent to 12,903 while the CAC 40 in France fell 0.6 ... Read More »

US stocks lower after GE shares plunged for the second straight day

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  NEW YORK: US stocks were lower after GE shares plunged for the second straight day and a drop in oil prices hit energy stocks. The industrial conglomerate was on track to record its worst two-day fall since 2009 after its new chief executive on Monday outlined steps to turn it into a smaller, more focused company, surprising some investors. ... Read More »

SEAT’s global sales up 23.3% in October

WORLD

  LONDON: SEAT’s impressive growth continued in October as the brand notched up its highest monthly rise of 2017. The carmaker delivered 40,200 vehicles last month, which is 23.3% more than the same month in 2016 (32,600). Germany (+30.5%) and Spain (+24.9%) were the main growth drivers in October, joined by other countries such as Turkey (+209.1%), Israel (+62.5%), Belgium ... Read More »

Bull market likely to get back on track this week

INM

  NEW YORK: US stocks ticked down last week, and the Dow Jones Industrial Average snapped an eight-week winning streak amid fears that the Republican tax cut plan could founder on the rocks of political discord. The bull market is likely to get back on track this week, as long as the tax plan and retail earnings do so, too. ... Read More »

U.S. tax concerns ripple through global markets

IM

NEW YORK: Global markets remained under pressure Friday, following Wall Street lower on concerns over the U.S. tax-overhaul plan. Futures pointed to a 0.3% opening loss for the S&P 500. Wall Street closed in the red Thursday after Senate Republicans released a tax-reform proposal that delays cutting corporate rates until 2019. The Senate plan to overhaul the U.S. tax code ... Read More »

Turkey stocks lower at close of trade; BIST 100 down 1.51%

stock exchange

ANKARA: Turkey stocks were lower after the close on Friday, as losses in the Banking, Financials and Tourism sectors led shares lower. At the close in Istanbul, the BIST 100 declined 1.51%. The best performers of the session on the BIST 100 were Gozde Girisim Sermayesi Yatirim Ortakligi AS (IS:GOZDE), which rose 10.63% or 0.440 points to trade at 4.580 ... Read More »