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Current News from Around the Globe on Stock Markets

RBC's third-quarter earnings beat market expectations

A Royal Bank of Canada (RBC) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie More TORONTO (Reuters) – Royal Bank of Canada on Wednesday reported third-quarter results which beat market expectations, with … Continue reading

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World stocks ease, dollar holds ground as U.S. rate bets abound

By Jamie McGeever LONDON (Reuters) – Stocks slipped on Wednesday while the dollar continued to claw back last week’s losses as investors grappled with the prospect of a U.S. interest rate increase in the months ahead coming amid continued uncertainty … Continue reading

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Lumbering state companies become hot stock market bet

By Manoj Rawal and Abhirup Roy MUMBAI (Reuters) – India’s state-owned companies, from builders such as NBCC to oil firms such as Bharat Petroleum Corp Ltd, are attracting top investors as cheap valuations, improving earnings, and share buybacks make them … Continue reading

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Stocks ease, dollar holds ground as U.S. rate bets abound

By Jamie McGeever LONDON (Reuters) – Stocks slipped on Wednesday while the dollar continued to claw back last week’s losses as investors grappled with the prospect of a U.S. interest rate increase in the months ahead coming amid continued uncertainty … Continue reading

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Glencore earnings fall 13% to $4.02bn as company presses ahead with its turnaround plan

Glencore, a miner and commodity trader, posted lower earnings but added its turnaround plan to cut debt through asset sales was on track. It said earnings in the first six months of its year tumbled 13% to $4.02bn (£3.05bn), with … Continue reading

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Asian markets trade mixed as US reports strong housing data

While Asian stock market indices were trading mixed on Wednesday (24 August), the Shanghai Composite was down 0.02% at 3,089.00 as of 6.10am GMT, following a positive close overnight on Wall Street amid positive US housing data. The US Commerce … Continue reading

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PRESS DIGEST – Wall Street Journal – Aug 24

Aug 24 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Two former Goldman Sachs Group traders snapped up beaten-down mortgage bonds, … Continue reading

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Asian stocks consolidate after Wall Street gains, oil slips

By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks consolidated a recent run of gains on Wednesday, helped by Wall Street’s rise overnight, even as oil prices slid on trade data showing a surprise build-up in U.S. crude stocks. MSCI’s … Continue reading

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AIG in talks to sell Lloyd's insurance business to CPPIB – WSJ

(Reuters) – American International Group Inc is in early talks to sell Lloyd’s of London Ltd’s [SOLYD.UL] insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday. If the deal comes through, it could … Continue reading

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U.S. equity fund managers see reason to worry ahead of September

By David Randall NEW YORK (Reuters) – The rally in U.S. stocks since late June is prompting some mutual fund managers to prepare for a rocky September. In part, the concerns are seasonal: September has seen more monthly declines of … Continue reading

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