Asia shares rise on Fed, China policy speculation
By Wayne Cole SYDNEY (Reuters) - Asian shares were tentatively higher on Wednesday after Wall StreeTue 8:24pm By Wayne Cole SYDNEY (Reuters) - Asian shares were tentatively higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. The Dow hit a fresh record while the U.S. dollar took a knock after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words “considerable time” in its policy statement, though it might qualify them. ...
KL shares open lower in early trade
Tue 8:10pm KUALA LUMPUR: Share prices on Bursa Malaysia opened lower today, despite an upbeat overnight performance on Wall Street, dealers said. At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.57 points or 19.3 per cent easier at 1,843.73, after opening 5.97 points lower at 1,841.33.
Wall St climbs as expectations shift on Fed policy
Tue 8:06pm NEW YORK: US stocks rose on Tuesday and the S&P notched its best performance in a month after a report shifted investor expectations for the Federal Reserve's policy statement due on Wednesday. After a sluggish start to trading, major indexes rallied with participants citing a report in the Wall Street Journal as indicating the Fed could be less hawkish than markets have been expecting, as investors try to divine when the central bank will hike interest rates. The Fed began its two-day policy meeting on Tuesday, and while it has said it doesn't expect to raise rates until 2015, recent strong economic data has led Fed officials to acknowledge they may need to move sooner than they previously anticipated.
U.S. Steel's Canadian unit to file for creditor protection
Tue 5:52pm By Devika Krishna Kumar (Reuters) - United States Steel Corp said its Canadian arm would apply for relief from creditors under Canada's Companies' Creditors Arrangement Act and said it would drop plans to expand two of its facilities. Shares of the company, which also said it expects current-quarter results, excluding items, to be "significantly" higher than Wall Street expectations, jumped 6.7 percent after the bell. The company said its Canadian operations, which have lost about $2.4 billion over the past five years, will also be dropped from its financial statements. U.S. ...
Dollar on edge as Fed language eyed, Aussie surges
Tue 5:03pm * WSJ reports Fed may not sound as hawkish as markets expect Traders said sellers emerged after the Wall Street Journal's Fed watcher said the U.S. Markets have been bracing for a more hawkish tone and many were looking for the Fed to drop its promise to keep rates near zero for a "considerable time" after ending its bond-buying program.
Stocks end higher as investors await news from Fed
NEW YORK (AP) — The stock market rose Tuesday as investors waited to find Tue 2:45pm NEW YORK (AP) — The stock market rose Tuesday as investors waited to find out when the Federal Reserve might raise interest rates.
Glimcher and Apple are big market movers
Tue 1:44pm Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Glimcher Realty Trust, up $3.16 to $13.75 The shopping mall operator is being ...
US stocks end higher ahead of Fed meeting results
Tue 1:13pm NEW YORK (AP) — The stock market is closing broadly higher as investors await the results of a key meeting by the Federal Reserve.
S&P 500 powers on in a market without big pullback
By Rodrigo Campos NEW YORK (Reuters) - For all of those waiting for a correction in U.S. stocksTue 11:54am By Rodrigo Campos NEW YORK (Reuters) - For all of those waiting for a correction in U.S. stocks, here's the news: you may have already missed it. It is true that the broad S&P 500 has not gone through a by-the-book 10 percent decline since October of 2011. But seven of the 10 S&P 500 industry groups, the Nasdaq Composite and the small-cap Russell 2000 have all fallen more than 10 percent at some point since, many more than once. ...
Dow hits record on shifting views over Fed's next move
By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rose on Tuesday with the Dow Industrials hitting Tue 11:26am By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rose on Tuesday with the Dow Industrials hitting a record intraday high as markets reacted to wavering expectations over the language the Federal Reserve will use Wednesday to describe its next policy move. Major indexes rallied into the afternoon with participants citing an article in the Wall Street Journal as indicating the Fed could be less hawkish than markets have been expecting. The talk was that the Fed's statement "will stay intact or along those lines. ...
Funding risks remain for several euro zone banks - S&P
LONDON (Reuters) - Some euro zone banks have insufficient liquidity and several will continue to reqTue 8:29am LONDON (Reuters) - Some euro zone banks have insufficient liquidity and several will continue to require support from the European Central Bank after long-term funding help runs out at the start of next year, credit ratings agency S&P said. S&P said refinancing risks were lessening for Europe's banks as they improve their liquidity in the wake of the financial crisis, but they remains a considerable risk for some. ...
Alibaba 101: The biggest IPO of all time
There are a lot of reasons Wall Street is abuzz about this company, but here'Tue 7:27am There are a lot of reasons Wall Street is abuzz about this company, but here's what you need to know.