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NEW YORK, United States (AFP) — The US Securities Exchange Commission on Tuesday suspended trading of a popular bitcoin related stock that has soared in recent weeks, citing concerns about market manipulation. The Crypto Company’s share price had risen an eye-watering 1,700 percent, from $3.30 to $575 between the end of September and Monday evening before the SEC intervened to halt trades until January 4. A statement cited “concerns regarding the accuracy and adequacy of […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Tuesday following global rallies the previous day, as Wall Street notched fresh records with US tax cuts in sight. The Nikkei 225 index rose 0.29 percent, or 67.25 points, to 22,969.02 in early trade while the broader Topix index was up 0.19 percent, or 3.37 points, at 1,821.27. © Agence France-Presse
HONG KONG, China (AFP) — The dollar struggled Thursday in Asia following the previous day’s losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes. While board members at the US central bank will likely lift borrowing costs next month, official records of their October meeting indicate some are increasingly concerned about persistently low inflation as well as high equity prices. The release of the minutes came after data showing a […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday tracking rallies on Wall Street, with trade expected to be cautious ahead of a national holiday. The benchmark Nikkei 225 index rose 0.88 percent, or 197.69 points, to 22,614.17 in early trade while the broader Topix index was up 0.67 percent, or 11.84 points, at 1,782.97. © Agence France-Presse
NEW YORK, United States (AFP) — Global equities pushed higher on Tuesday, with leading US indices ending at fresh records as investors shrugged off continued political uncertainty in Germany. Germany’s president held talks with party leaders in a last-ditch attempt to save the EU’s top economy from the political turmoil sparked by the collapse of Chancellor Angela Merkel’s coalition talks. But equity markets were unperturbed by the uncertainty, pushing higher across Asia, Europe and the […]
by John Biers Agence France Presse NEW YORK, United States (AFP) — The euro retreated Monday on concerns about the political crisis engulfing Germany, but European and US stocks rose. At the close of trading, Frankfurt’s DAX 30 index was up 0.5 percent, bouncing back from a weaker start, France’s CAC 40 also added 0.4 percent, while London’s FTSE was up by a modest 0.1 percent. A stronger showing on Wall Street — kicking off […]
HONG KONG, China (AFP) — Most Asian markets edged up on Thursday after a recent sell-off across global markets but gains were tempered as the optimism that pushed equities to multi-year highs last week gives way to investor caution. Prices have been falling for much of the week as the sharp gains of October and early November led to profit-taking and worries about high valuations, while US lawmakers’ tax reform struggles are also dampening sentiment. […]
NEW YORK, United States (AFP) — Global stocks were pressured Tuesday by nagging doubts about US tax reform and worries about a petroleum glut. Equity markets fell in New York, Paris and Frankfurt and treaded water in London and Tokyo. Analysts fear the weakness of recent days could hearken a deeper pullback after a series of stock market records over the last month. There are signs “that markets are starting to look a little overextended,” […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Monday, hit by fears of a delay in US corporate tax cuts and selling to lock in profits after recent gains. The benchmark Nikkei 225 index lost 1.32 percent, or 300.43 points, to 22,380.99, closing down for a fourth straight day. The broader Topix index was down 0.94 percent, or 16.95 points, to 1,783.49. US Senate Republicans last week released a tax plan that would put […]
HONG KONG, China (AFP) — The pound sank against its major peers on Monday as British Prime Minister Theresa May’s future looks increasingly uncertain, while Asian equities traders moved cautiously after a recent rally to multi-year highs. Markets have surged in recent weeks — with Wall Street hitting several records and Tokyo touching 26-year highs — on optimism about the global economy and following a string of strong corporate earnings. But investors have started to […]
HONG KONG, China (AFP) — Asian markets headed into the weekend on a negative note on Friday as traders fret over the outlook for Donald Trump’s much-vaunted tax-cut plans while profit-takers cashed in after the latest rally. The losses extended the broad regional sell-off Thursday, which started when Tokyo’s Nikkei saw a two percent gain in the morning reverse to a 1.7 percent loss at one point. While investors will be keeping an eye on […]
TOKYO, JAPAN (AFP) — Tokyo stocks opened lower Wednesday after hitting a 25-year high the day before, as the yen firmed against the dollar and Wall Street’s rally lost steam. The benchmark Nikkei 225 index fell 0.53 percent, or 121.74 points, to 22,815.86 in early trade while the broader Topix index was down 0.30 percent, or 5.40 points, at 1,807.89. “After the Nikkei index rose above benchmark levels in the past few days there is […]
