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Archive for the February 21, 2018

  • Most Southeast Asian stock markets fell in line with broader Asia on Tuesday but Philippine shares recouped early losses to finish higher for a fifth straight session, their longest winning streak since December. MSCI's broadest

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  • Indian shares ended lower for a third consecutive session on Tuesday, as private sector banks dropped but recovery was seen in state-run lenders, after sharp declines following the $1.77 billion fraud unearthed by Punjab National

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on HSBC weighs on banks as European stocks advance

    European shares rose on Tuesday thanks to a slew of well-received results, though banks were a weak spot after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Australian shares flat; New Zealand slips

    Australian shares ended flat on Tuesday as losses in financials and materials were offset by gains in energy and information technology stocks. The S&P/ASX 200 index fell 0.700 points to 5,940.90 at the close of

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Disappointing HSBC update, weak miners keep FTSE flat

    A disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal price weakness weighed on the UK's top share index on Tuesday. The FTSE index ended the session flat at 7,246.77

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  • Profits at HSBC surged during 2017, in part thanks to a strong Asian performance, the global banking giant said Tuesday as it looks to the future without long-serving chief executive Stuart Gulliver. Net profit ballooned

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  • Profits at HSBC surged during 2017, in part thanks to a strong Asian performance, the global banking giant said Tuesday as it looks to the future without long-serving chief executive Stuart Gulliver. Net profit ballooned

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Camel-based baby formula to hit shelves in Dubai

    A UAE-based company has unveiled what it calls the world's first camel-based baby formula, an instant powder mix aimed mainly at infants allergic to cow's milk. The Emirates Industry for Camel Milk & Products, or

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Walmart posts sharp drop in profit, online sales

    Walmart Inc, the world's biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations. Its shares

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Walmart posts sharp drop in profit, online sales

    Walmart Inc, the world's biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations. Its shares

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