Category Archives: Stock Market News

FedEx Express orders up to 50 ATR 72-600F freighter planes By Reuters

© Reuters. FedEx planes on the tarmac during the presentation of the future extension of the FedEx hub in Roissy-en-France PARIS (Reuters) – ATR, the world’s largest maker of turboprop planes, announced on Wednesday an order from FedEx (NYSE:) Express for up to 50 of its 72-600F freighter planes. ATR, which is a joint venture between Airbus (PA:) and Italian company Leonardo (MI:), said the FedEx order comprised a firm commitment to buy 30 of the planes, with an option to buy another 20. The deliveries of […]

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Indonesia stocks lower at close of trade; IDX Composite Index down 0.18% By Investing.com

© Reuters. Indonesia stocks lower at close of trade; IDX Composite Index down 0.18% Investing.com – Indonesia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in Jakarta, the declined 0.18%. The best performers of the session on the were Visi Media Asia Tbk (JK:), which rose 21.95% or 54 points to trade at 300 at the close. Meanwhile, PT Cahayasakti Investindo Sukses Tbk (JK:) added 21.21% or 140 points to end at 800 and […]

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Philippines stocks lower at close of trade; PSEi Composite down 0.16% By Investing.com

Philippines stocks lower at close of trade; PSEi Composite down 0.16% Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in Philippines, the fell 0.16%. The best performers of the session on the were Metropolitan Bank and Trust Co (PS:), which rose 2.66% or 2.50 points to trade at 96.50 at the close. Meanwhile, Megaworld Corp (PS:) added 2.64% or 0.150 points to end at 5.840 and Security Bank Corp (PS:) was […]

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European Markets Open Higher With More Earnings on Tap By Investing.com

© Reuters. Frankfurt Stock Exchange Investing.com – European markets opened higher on Wednesday, as investors continued to focus on corporate earnings reports and U.S. President Donald Trump’s tour in Asia. The slipped 0.09%, France’s added 0.13%, while Germany’s was up 0.15% by 03:35 a.m. ET (07:35 GMT). Investors remained cautious after, in an address to the South Korean parliament on Wednesday, Trump , saying that it “has interpreted America’s past restraint as weakness.” “This would be a fatal miscalculation. This is a very different administration than the […]

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U.S. stock market under Trump’s shadow By Reuters

© Reuters. FILE PHOTO: U.S. President Donald Trump delivers his speech at the National Assembly hall in Seoul By Rodrigo Campos NEW YORK (Reuters) – One year ago, when it became clear that Republican Donald Trump had pulled a historic upset to defeat Democrat Hillary Clinton to the U.S. presidency, futures in the Dow Jones Industrial Average tumbled nearly 900 points. Ahead of the election, some market strategists found it difficult to plan financially for Trump’s possible presidency, in part because many of his proposals were seen […]

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Asian Shares Mixed With Shanghai Up After Trade Data By Investing.com

© Reuters. Asian shares mixed Investing.com – Asian shares were mixed on Wednesday as investors noted hard word against North Korea by president Trump speaking before the South Korea parliament, warning Pyongyang against a a “miscalculation.” 225 eased 0.29%. Toyota raised its full-year operating profit estimate to 2 trillion yen on Tuesday. That was an 8% increase compared to its previous forecast of 1.85 trillion yen. Toyota shares tacked on 0.6% as other automakers trended lower on the day. In Greater China, the rose 0.54%, while the […]

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Australia stocks higher at close of trade; S&P/ASX 200 up 0.03% By Investing.com

© Reuters. Australia stocks higher at close of trade; S&P/ASX 200 up 0.03% Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher. At the close in Sydney, the rose 0.03%. The best performers of the session on the were Flexigroup Ltd (AX:), which rose 5.26% or 0.080 points to trade at 1.600 at the close. Meanwhile, Blackmores Ltd (AX:) added 3.88% or 6.30 points to end at 168.83 and Costa Group Holdings Ltd (AX:) was […]

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San Francisco fund manager gets 2-1/2 years for fraud conspiracy By Reuters

© Reuters. San Francisco fund manager gets 2-1/2 years for fraud conspiracy By Brendan Pierson NEW YORK (Reuters) – A San Francisco investment fund manager was sentenced to 2-1/2 years in prison on Tuesday after he pleaded guilty to conspiring to defraud investors by fabricating an impressive investing track record. Nicholas Mitsakos, 57, was sentenced by U.S. Circuit Judge Denny Chin in New York, U.S. prosecutors announced. Mitsakos, who ran a fund called Matrix Capital Markets, pleaded guilty to a conspiracy charge in May. As part of […]

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Japan’s MUFG gets nod to bring U.S. state branches under federal regulation By Reuters

© Reuters. FILE PHOTO: Japan’s national flag is seen behind the logo of Mitsubishi UFJ Financial Group Inc (MUFG) at its bank branch in Tokyo By Olivia Oran and Karen Freifeld NEW YORK (Reuters) – Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert its branches in four states into federally regulated ones, a spokesman for Japan’s largest bank confirmed. As a result, MUFG’s branches in New York, Illinois, Texas and California will […]

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Trial of ex-NYC union head, Platinum Partners co-founder winds down By Reuters

© Reuters. File photo: Huberfeld, a longtime associate of Platinum Partners, exits the Manhattan District court house in New York, U.S. By Brendan Pierson NEW YORK (Reuters) – The federal corruption trial of Norman Seabrook, the former head of New York City’s correction officers’ union, and Murray Huberfeld, a co-founder of defunct hedge fund Platinum Partners, came to a close on Tuesday, with arguments focusing on the credibility of prosecutors’ star witness. That witness, Jona Rechnitz, had told jurors in Manhattan federal court that he handed $60,000 […]

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