Market Reports
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European shares slide, insurers hit by Munich Re forecast
LONDON (AFP) - Europe's main stock markets dropped on Friday, led by the insurance sector which tumbled after German re-insurance giant Munich Re warned that its 2008 net profit would miss...
AFP Finance News. - Friday July 25, 11:41 PM -
National Australia Bank shares fall 10%
National Australia Bank has become the first local bank to join the ranks of global financial institutions reeling from losses on investments in risky US mortgages, booking an $830 million write-down...
AAP. - Friday July 25, 07:27 PM -
NZ stocks shed some gains but better than overseas markets
The New Zealand sharemarket gave up some of the gains from a storming performance on the previous two days, but closed looking far less sickly than its Australian counterpart.The benchmark NZSX-50...
NZPA. - Friday July 25, 07:12 PM -
Transpacific pays investors with $26 million in shares
Transpacific Industries Group Ltd says it has issued $A20 million ($NZ26 million) worth of shares to "two sophisticated investors" to settle business deals.Transpacific -- which merged with New...
NZPA. - Friday July 25, 03:54 PM -
STOCKS NEWS ASIA-Shares seen down on disappointing U.S. data
SYDNEY, July 25 (Reuters) - Asian stocks are set to open weaker on Friday after bleak U.S. economic data sparked a sell-off on Wall Street, while a drop in the dollar against the yen is likely to...
Reuters Finance News, Australia. - Friday July 25, 11:09 AM -
NZ sharemarket down as profit takers move in
Profit takers and a negative steer from Wall Street sent the sharemarket lower in early trading today after its biggest rise of the year yesterday, spurred by the Reserve Bank interest rate cut.US...
NZPA. - Friday July 25, 10:34 AM -
Singapore SMBs to Invest US$1.5B on Internet Access and Telecom Services in 2008
Small and medium businesses (SMBs, or companies with up to 999 employees) in Singapore are on track to invest up to US$1.5 billion on Internet access and telecom services this year, up 3% over...
Busiwire. - Thursday July 24, 11:00 PM -
Renault shares go into reverse despite strong data and profit plan
PARIS (AFP) - Shares in French auto group Renault fell in mid-day trading on Thursday after a sharp rise in response to strong trading figures and a hard drive to raise profitability.The group said...
AFP Finance News. - Thursday July 24, 09:39 PM -
STOCKS NEWS ASIA-Shares to rise on financials, oil retreats
SYDNEY, July 24 (Reuters) - Asian shares are set for a firmer start on Thursday, with financial firms seen rising on hopes of a bailout for the two top U.S. mortgage lenders, while a stronger dollar...
Reuters Finance News, Australia. - Thursday July 24, 11:21 AM -
NZ sharemarket surges after rate cut
The sharemarket reacted to today's surprise Reserve Bank rate with a 1.2 percent rise, building on yesterday's 1.8 percent jump.The benchmark NZSX-50 index, up 58 points yesterday, rose another 41...
NZPA. - Thursday July 24, 10:25 AM -
Vodafone announces 1.0-billion-pound shares buy-back
LONDON (AFP) - British mobile phone giant Vodafone said Wednesday it would repurchase shares worth 1.0 billion pounds (1.3 billion euros, 2.0 billion dollars) and stressed that it was...
AFP Finance News. - Thursday July 24, 05:03 AM -
Peugeot Citroen shares jump on results, fall of oil price
PARIS, (AFP) - Shares in French auto group PSA Peugeot Citroen jumped 8.45 percent in initial trading on Wednesday on unexpectedly strong quarterly profits and the fall of the price of oil.The group...
AFP Finance News. - Wednesday July 23, 10:08 PM -
VW posts 31% profit surge, shares jump
FRANKFURT (AFP) - Volkswagen, the biggest European carmaker, posted a 31-percent gain in first-half net profit on Wednesday owing to strong sales in emerging markets, pushing its share price above...
AFP Finance News. - Wednesday July 23, 09:12 PM -
NZ sharemarket closes up before OCR decision
The New Zealand sharemarket closed up 1.84 percent tonight despite more finance company woes announced late afternoon and official cash rate news expected tomorrow.The benchmark NZSX-50 was up 57.74...
NZPA. - Wednesday July 23, 06:33 PM -
AXA funds fall 13%, shares jump 7%
The dawn of a global equities bear market hasn't taken as bad a toll on AXA Asia Pacific Holdings Ltd's fund flows as investors feared, and its shares have jumped seven per cent.The market...
AAP. - Wednesday July 23, 04:28 PM
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