Latest Financial markets News

Global stocks modestly higher in quiet holiday trading

Apr. 19, 2019 4:40 AM EDT

TOKYO (AP) — Global stock indexes were mostly moderately higher in quiet holiday trading on Good Friday as some markets were closed. Trading was closed in France, Germany and the U.K. Japan's benchmark Nikkei 225 edged up 0.5% to finish at 22,200.56. South Korea's Kospi inched up 0.1% to2,216.15. The...

Asian stocks rise in quiet holiday trading

Apr. 18, 2019 11:55 PM EDT

TOKYO (AP) — Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. Japan's benchmark Nikkei 225 edged up 0.5% in early trading to 22,191.98. South Korea's Kospi rose 0.3% to 2,221.1. The Shanghai Composite gained 0.6% to 3,269.59. Some markets remain...

IPO mania: Zoom zooms, Pinterest pins down Wall Street

Apr. 18, 2019 6:45 PM EDT

SAN FRANCISCO (AP) — There's some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies — Zoom and Pinterest — saw their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the...

How the major US stock indexes fared Thursday

Apr. 18, 2019 5:08 PM EDT

Major U.S. indexes managed small gains Thursday, though not enough to prevent a losing week for the S&P 500 following three weeks of gains. Industrial stocks led the way higher on strong company earnings. Financial and energy stocks fell. Pinterest and Zoom Video Communications soared in on their first day of...

Markets Right Now: Stocks end holiday-shortened week higher

Apr. 18, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major U.S. indexes managed small gains on Wall Street but not enough to prevent a losing week for the S&P 500 following three weeks of gains. Industrial companies rose Thursday as traders welcomed solid earnings...

Reshuffle in Pakistani cabinet after finance minister quits

Apr. 18, 2019 2:45 PM EDT

ISLAMABAD (AP) — Pakistan's prime minister reshuffled his cabinet Thursday, changing the portfolios of some key ministers just hours after the country's finance minister stepped down amid a wave of criticism over government handling of a financial crisis that has sent prices soaring. Finance Minister Asad...

Dubai arena is latest project unveiled despite weaker growth

Apr. 18, 2019 2:25 PM EDT

DUBAI, United Arab Emirates (AP) — This week, Dubai unveiled its latest megaproject: A stadium in the heart of a super luxe shopping and dining destination. The arena, which will host sports events and concerts, is located in a leisure retail and residential destination called City Walk, which itself is...

Corporate deal-making dips in 1Q on trade, economy fears

Apr. 18, 2019 1:47 PM EDT

Lingering trade spats and fears of a global economic slowdown stunted corporate deal-making worldwide during the first quarter. Large, international deals that drove the acquisitions market for years nearly disappeared, pushing deal values down by 15% from a year ago. Deal-making in Europe plunged to its lowest...

Shortages hit Cuba, raising fears of new economic crisis

Apr. 18, 2019 1:30 PM EDT

BAUTA, Cuba (AP) — Just after 8 a.m., Pura Castell got in line behind about 100 other people waiting for a chance to buy frozen chicken legs. For two hours she leaned on her cane watching people leave the state-run market with their 5-pound limit. The chicken ran out at 10 a.m. while the 80-year-old...

Cyprus mulling early repayment of Russian loan

Apr. 18, 2019 9:22 AM EDT

NICOSIA, Cyprus (AP) — Cyprus is considering repaying early the remainder of a 2.5 billion euro ($2.83 billion) loan that Russia granted the island nation in 2012 amid a financial crisis. Finance Minister Harris Georgiades told a business forum Thursday that Cyprus is grateful to Russia for answering a...