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Author Archives: Shamim Akhter

China stocks end weaker after rate cut rally, Shanghai Composite tumbles 1.2%

BEIJING: china stocks closed lower, after rallying on the central bank’s unexpected move to cut a key lending rate. The People’s Bank of China lowered the required reserve ratio (RRR) for banks by 50 basis points in an attempt to stimulate the slowing economy. The Shanghai Composite ended down 1.2% at 3,136.53 after surging over 2% earlier in the day. ... Read More »

Tokyo Stocks start 1.04% stronger, Nikkei 225 at TSE soars 182.52pts

  TOKYO: Tokyo stocks started 1.04 per cent stronger on Friday, helped by gains on Wall Street and the dollar’s climb against the yen. The Nikkei 225 index at the Tokyo Stock Exchange rose 182.52 points to 17,788.74 at the start. Investors seemed to largely shrug off Japanese government data released early Friday showing consumer inflation slowed for a fifth ... Read More »

Tokyo Stocks start 0.72% weaker, Nikkei 225 slips 128.82pts

TOKYO: Tokyo stocks started 0.72 per cent weaker on Thursday following a decline on Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange fell 128.82 points to 17,666.91 at the start. Wall Street stocks Wednesday finished a volatile session sharply lower as worries about the strong dollar and falling oil prices outweighed some positive earnings reports. The Dow ... Read More »

Oil value declines ahead of US Fed meeting

SINGAPORE: Oil prices fell in Asia on Wednesday as dealers await the outcome of a US Federal Reserve meeting and the release of a US supply report expected to show a surge in crude stockpiles, analysts said. US benchmark West Texas Intermediate for March delivery fell 75 cents to USD 45.48 while Brent for March eased 60 cents to USD ... Read More »

European stocks open stronger, Stoxx Europe 600 surges 0.3%

ROME: European stocks recovered on Wednesday, lifted by some upbeat corporate news, with financiers awaiting a US Federal Reserve announcement for clues on the likely timing of a climb in interest rates. The Stoxx Europe 600 index was 0.3% higher in early trading, steadying after Tuesday’s 1% decline amid worries about Greek politics and some disappointing earnings news. Read More »

Hong Kong stocks close at 4-month high, Hang Seng advances 1.3pc

HONG KONG: Hong Kong stocks enlarged a global rally on Friday to achieve their peak level in more than four months after the European Central Bank announced a landmark bond-purchasing stimulus programme to support the euro zone economy. The ECB said it would purchase 60 billion euros worth of sovereign debt per month from this March until the end of ... Read More »

Tokyo stocks end 0.89pc stronger, Nikkei 225 gains 150.13pts, Topix index surges 0.64%

TOKYO: Tokyo stocks increased 0.89 per cent on Monday, tracking an upbeat lead from Wall Street, as oil value raised confidence whereas shareholders expected the European Central Bank will declare new stimulus this week. The Nikkei 225 index at the Tokyo Stock Exchange climbed 150.13 points to 17,014.29, while the Topix index of all first-section shares added 0.64 per cent, ... Read More »

Human activities push humanity beyond ‘safe operating space’, earth crossed four planetary boundaries, study says

NEW YORK: Four of nine planetary boundaries have now been crossed as a result of human activity, says an international team of 18 researchers that includes Scripps Institution of Oceanography at UC San Diego Distinguished Climate and Atmospheric Scientist Veerabhadran Ramanathan. These boundaries comprise climate change, alteration of biogeochemical cycles, loss of biosphere integrity and land-system change and the changes ... Read More »

Tokyo stocks end 1.86pc higher; Nikkei 225 climbs 312.74pts, Topix index surges 1.37%

TOKYO: Tokyo stocks rebounded 1.86 percent Thursday, after two days of losses, as the yen gained against the dollar. The Nikkei 225 index rose 312.74 points to end at 17,108.70, while the Topix index of all first-section shares gained 1.37 percent, or 18.62 points, to 1,376.60. “Given the return in oil prices and the deep sell-off yesterday in Japanese stocks, ... Read More »

U.S. stocks end lower as oil disorder continues, S&P 500 down 16.52pts, Dow Jones drops 96.53pts

NEW YORK: The U.S. stocks closed Monday’s session with declines for the second straight trading day, as a rehabilitated sell-off in oil once again beat shareholder‘s confidence. Energy, technology and financials, which collectively comprise nearly half of the S&P 500, led the losses. The S&P 500 SPX, -0.81% closed down 16.52 points, or 0.8%, at 2,028.29. The Dow Jones Industrial ... Read More »

Hong Kong stocks close 0.45pc stronger, Hang Seng adds 106.51pts

HONG KONG: Hong Kong stocks ended 0.45 percent higher in spite of a local sell-off as Cheung Kong Holdings soared on previous week’s unveiling of a multi-million-dollar restructuring plan. The benchmark Hang Seng Index added 106.51 points to 24,026.46 on turnover of HK$89.94 billion (US$11.61 billion). In mainland China the benchmark Shanghai Composite Index fell 1.71 percent, or 56.09 points, ... Read More »

Asian stocks mixed in limited trade, Hong Kong climbs 0.44%, Sydney slips 0.10pc

HONG KONG: Asian markets were mixed in limited trade Wednesday as shareholders remained cautious on the final day of the year, whereas worries about Greece’s political slump reserved the dollar and euro under pressure versus the yen. There was little reaction to confirmation from HSBC that its index of China’s manufacturing activity had contracted in December. Hong Kong rose 0.44 ... Read More »

4-inch iPhone 6s Mini: Apple returns to smaller smartphones

WASHINGTON: Cupertino tech giant Apple just can’t find enough of the 4-inch form factor for its iPhone devices. The company that recently gave in to the ‘bigger is better’ trend with its iPhone 6 and iPhone 6 Plus smartphones is now reportedly working on a new a 4-inch iPhone. However, there’s a twist! Buzz has it that Apple is working on ... Read More »

European stocks tumble after Draghi delays stimulus

LONDON: European stocks dropped after ECB president Mario Draghi said it will assess the need for further stimulus early next year, putting an end to speculation that it would take more immediate action. Hopes that the central bank would embark on a government bond-buying scheme have been fuelling a strong rally in European shares in the past few weeks. The ... Read More »

Tokyo stocks start 0.42% lower, Nikkei 225 edges down 73.09pts

TOKYO: Tokyo stocks started 0.42 per cent lower Thursday as the yen edged up against the dollar ahead of the US blessing holiday. The Nikkei 225 index at the Tokyo Stock Exchange was down 73.09 points to 17,310.49 at the start. Japanese shares are likely to trade in a narrow range Thursday, with US markets closed for the Thanksgiving holiday and ... Read More »

Brent oil prices fall to $78 as Gulf members await OPEC decision

SINGAPORE: Oil prices decreased in Asia as dealers waited for Gulf members of the OPEC cartel to refuse production except they are guaranteed market share, analysts said. US benchmark West Texas Intermediate crude for December delivery fell 12 cents to $74.46, while Brent crude for January delivery was down four cents at $78.06 in mid-morning trade. “The market is keenly watching ... Read More »