BEIJING (AP) — Major Asian stocks markets were muted Wednesday after a bond sell-off nudged Wall Street lower.KEEPING SCORE: The Shanghai Composite Index was little changed at 4,400.28 and Tokyo’s Nikkei 225 was steady at 19,615.55. Hong Kong’s Hang Seng was stable at 27,423.29. Seoul’s Kospi gained 0.7 percent to 2,112.37 and Sydney’s S&P/ASX 200 was up 0.5 percent at […]
Ethiopian Commodity Exchange headquarter in Addis AbabaEthiopia Commodity Exchange Mulls Adding Stock, Bond TradingBy William DavisonThe Ethiopia Commodity Exchange plans to broaden the range of crops it trades and wants to introduce stocks and bonds under a five-year expansion plan, Chief Executive Officer Ermias Eshetu said.The market plans to move from coffee and sesame seeds, which account for more than […]
Markets ended in the red for the second consecutive day following Fed Chair Janet Yellen’s comments that stock valuations are “quite high”. Yellen warned investors of potential dangers they may face due to high equity valuations. Meanwhile, weak private sector hiring numbers added to the bearish sentiment. The soft numbers came in ahead of the much awaited non-farm payrolls report […]
Berkshire Hathaway chief executive Warren Buffett plays the ukulele in a video prior to the Berkshire Hathaway annual meeting in Omaha, Nebraska on Saturday. Photograph: Rick Wilking/Reuters
Warren Buffett has warned that stock prices will appear expensive if interest rates increase from their current ultra-low levels.“If we get back to normal interest rates, stocks at these prices will look high,” said […]
Benchmarks ended the last trading session of the month in the red dragged by losses in technology and biotechnology stocks. While, decline in Apple’s shares weighed on the technology sector, Celegen’s lower-than-expected quarterly revenues had a negative impact on biotech shares. Yesterday’s losses were broad based with all 10 sectors of the S&P 500 ending in the red and 27 […]
Federal law enforcement officials have charged a United Kingdom man with manipulating the stock market and triggering the 2010 “Flash Crash.”
The Federal Bureau of Investigation said Navinder Singh Sarao, 37, was arrested Tuesday in the U.K. and charged with multiple counts of fraud.Prosecutors say Sarao used illegal trading techniques that contributed to an abrupt stock market crash on May 6, […]
Beijing’s bid to rein in speculators could hit Hong Kong stock marketThe Hong Kong stock market is expected to take a hit after Beijing announced measures to rein in speculation, after the country’s benchmark index doubled in 10 months to its highest level since March 2008.Late on Friday, regulators announced that fund managers would be allowed to lend shares for […]
Benchmarks ended Thursday’s choppy trading session slightly lower following mixed economic data and Fed officials comments on interest rate hike. Upbeat earnings results, well received initial public offerings and rise in oil prices failed to help benchmarks close in the green. While, about two third of the Dow components ended in the red, seven out of ten sectors of the […]
On Wednesday, Athersys, Inc. (NASDAQ:ATHX)’s shares declined -11.74% to $2.63.Athersys, Inc. (ATHX) will release its first quarter 2015 financial results at about 4:00 PM EDT on Monday, May 11, 2015, and host a conference call shortly thereafter at 4:30 PM EDT to review the results. Gil Van Bokkelen, Chairman and Chief Executive Officer, and William (B.J.) Lehmann, President and Chief […]
Although China’s economy has been leading the world in annualized growth since the days that mobile phones had retractable antennas, there have always been some aspects of the country’s commercial and financial system that loudly broadcast the underlying illogic of a Communist Party’s firm control of burgeoning capitalism. China’s stock markets were one such venue where things just didn’t add […]
