Economy

MSCI's gauge of stocks across the globe shed 0.77 per cent, on track for its third straight day of declines as it pulled further back from all-time highs. It was down 0.2 per cent at 108.96 yen, after retreating 0.7 per cent on Thursday. Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis.
  • Asian stocks fall amid escalating US, North Korea tension

    Asian stocks fall amid escalating US, North Korea tension

    Economy

    The Dow ended a nine-day streak of closing records, falling by 0.24%, while the Nasdaq fell by just under half a percent and the S&P was down by 0.21%. Regions Financial shed 23 cents, or 1.6 percent, to $14.07. July's 0.1 percent increase in consumer prices suggests that the Federal Reserve may be less likely to raise interest rates next month.
  • Wall St opens lower as tensions with N.Korea escalate

    Wall St opens lower as tensions with N.Korea escalate

    Economy

    A small rise in a measure of United States consumer prices pointed to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year, which would be favorable to equity investors. In U.S. markets, the S&P 500 Index fell 1.5 percent Thursday, the most in three months, and the CBOE Volatility Index soared 44 percent. Germany's DAX was up 0.1 percent, while France's CAC 40 fell 1.1 percent.
  • Gold Prices Go Up On Rising US-North Korea Tensions

    Gold Prices Go Up On Rising US-North Korea Tensions

    Economy

    President Donald Trump says that perhaps his " fire and fury " warning to North Korea "wasn't tough enough". Nervous investors drove shares lower earlier in the week, after President Trump declared Tuesday that the US would react with "fire and fury" to further nuclear provocations from North Korea.
  • S. Korean shares open lower amid tensions over N

    S. Korean shares open lower amid tensions over N

    Economy

    Mr Trump earlier this week said North Korea would be met with " fire and fury " if it continued to threaten the US. The yield on the 10-year Treasury bond fell to 2.2% and is approaching its lowest level of the year. The mounting tensions between North Korea and the U.S. took its toll on the market for the third day in a row. OIL: Benchmark U.S. crude lost 36 cents to $48.23 per barrel on the on the New York Mercantile Exchange.
  • Quake of magnitude 6.5 hits Indonesia's Sumatra; tremors felt in Singapore

    Quake of magnitude 6.5 hits Indonesia's Sumatra; tremors felt in Singapore

    Economy

    He said officials were checking if there were any casualties or damage. An quake measuring 6.6 richter scale struck off Bengkulu province, western Indonesia on August 13, the local meteorology and geophysics agency said. The world's largest archipelago, Indonesia is prone to earthquakes because of to its location on the Pacific " Ring of Fire", an arc of volcanoes and fault lines in the Pacific Basin.
  • North Korea Has Markets Nervous But Not Panicked

    North Korea Has Markets Nervous But Not Panicked

    Economy

    US stock index futures also fell, with the S&P 500 indicated to open down 0.5 percent ESc1 1YMc1. "The markets in general are very on edge and they're very leery about risk", Mariann Montagne, a portfolio manager at Gradient Investments, told Bloomberg.
  • Trump on North Korea; Google scandal; Trouble at Snap

    Economy

    The Standard & Poor's 500 index slipped 0.90 points, or 0.04 percent, to 2,474.02. The dollar weakened after news that USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.
  • European markets end lower amid geopolitical tensions

    European markets end lower amid geopolitical tensions

    Economy

    US stock indexes were set to open little changed on Friday, with the S&P 500 on track to post its biggest weekly loss in nine months, as investors remained cautious on heightened tensions between the United States and North Korea. Chinese blue chips closed flat but Hong Kong's Hang Seng fell 0.4 per cent. Top automaker Hyundai Motor fell 2.07 percent to 142,000 won. The Labor Department said its Consumer Price Index edged up 0.1 percent last month, which was below the 0.2 percent rise ...
  • Investors React to Trump's North Korea Threats

    Economy

    Russian Foreign Minister Sergey Lavrov warned on Friday that a war between the USA and North Korea would be disastrous, and said his country was proposing - in conjunction with China - a path to a peaceful resolution of the nuclear standoff .
  • 10 dead in Himachal landslide

    10 dead in Himachal landslide

    Economy

    So far, 10 bodies have been recovered from the debris. Prime Minister Narendra Modi today condoled the deaths that occurred due to a landslide in Himachal Pradesh's Mandi district . At least 44 passengers died after a bus carrying them turned turtle and fell into River Tons in Himachal Pradesh's Gumma on Wednesday. Deputy Commissioner of Mandi, Sandeep Kadam said, "Three vehicles were stranded after the landslide".
  • North Korea standoff wipes $1trn off global stocks

    North Korea standoff wipes $1trn off global stocks

    Economy

    Reuters data show a 28-percent chance for a hike after the Fed's December meeting. And I will tell you this: " North Korea better get their act together or they're going to be in trouble like few nations ever have been in trouble in this world", Trump told reporters in New Jersey, where he was meeting with his national security team.