Latest Financial markets News

A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 19, 2020. Asian shares are mostly rising despite continuing fears about an outbreak of a new virus that began in China, which sent regional indexes mostly lower recently. (AP Photo/Kin Cheung)

Global shares mostly rise but virus fears continue

Feb. 19, 2020 8:09 AM EST

TOKYO (AP) — Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China. France's CAC 40 rose 0.6% to 6,093, while Germany's DAX gained 0.5% to 13,745. Britain's FTSE 100 gained 0.7% to 7,433. U.S. shares were set to drift higher...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Asian shares mostly rise despite continuing virus fears

Feb. 18, 2020 11:47 PM EST

TOKYO (AP) — Asian shares mostly rose Wednesday, despite overnight losses on Wall Street and continuing fears about an outbreak of a new virus that began in China. The Nikkei 225 rose 1.1% in morning trading to 23,453.59 after data for January showed Japan's exports fell less than expected in January....

How major US stock indexes fared Tuesday

Feb. 18, 2020 5:44 PM EST

Major U.S. stock indexes closed mostly lower Tuesday, erasing some of the market's gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The selling came as investors weighed the...

Group pushes to create alliance for rare diseases

Feb. 18, 2020 5:40 PM EST

HOLLISTON, Mass. (AP) — In 2007, Holliston couple Christine and Stephen Wright knew something was wrong. Christine, 49, a tennis player, skier and bicyclist - and mother of three - was suddenly and dramatically losing weight and strength. Her doctors agreed something was off, but they couldn’t...

Apple, Fluor fall; Franklin Resources, Advance Auto rise

Feb. 18, 2020 4:53 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday: Apple Inc., down $5.95 to $319 The technology company said revenue will fall short of forecasts for the March quarter because of the viral outbreak in China. Franklin Resources Inc., up $1.69 to $26.05 The financial services...

FILE - In this Tuesday, Feb. 11, 2020 file photo, a firefighter looks before entering a bank that was set on fire by anti-government protesters, as a riot policeman passes by, during a protest in downtown Beirut, Lebanon. Fitch Ratings said Tuesday, Feb. 18, 2020, that Lebanon's financial position points to a likely restructuring of the country's massive debt and financial sector as the Arab nation passes though its worst financial and economic crisis in decades. (AP Photo/Hussein Malla, File)

Fitch Ratings: Lebanon finances point to debt restructuring

Feb. 18, 2020 11:21 AM EST

BEIRUT (AP) — Lebanon's financial situation points to a likely restructuring of the country's massive debt and financial sector to preserve declining foreign currency reserves, Fitch Ratings said Tuesday. The credit rating agency's report comes as Lebanese officials are debating whether to pay back $1.2...

Traders gather at the post of Specialist Anthony Matesic, background center, on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Franklin Resources buying Legg Mason for $4.5 billion

Feb. 18, 2020 11:15 AM EST

SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50in cash...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares take hit as virus outbreak slams profits, events

Feb. 18, 2020 7:08 AM EST

BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...

FILE - In this Feb. 17, 2020, file photo, commuters ride in a quiet subway train during the morning rush hour in Beijing. As many Chinese finally go back to work after their longest Lunar New Year holiday ever, the economic fallout from the outbreak of a new coronavirus that began in Wuhan may be just beginning. Companies are warning their bottom lines will take a hit, and governments are ramping up stimulus measures for economies that just weeks ago were hoping to see recoveries after months of uncertainty due to trade tensions and slowing global growth. (AP Photo/Andy Wong, File)

China virus outbreak chilling recovery for Asian economies

Feb. 18, 2020 6:47 AM EST

BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year holiday...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares fall in Asia as virus outbreak hits profits, events

Feb. 18, 2020 1:56 AM EST

BANGKOK (AP) — Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show. Signs suggest China may postpone its annual...