Chipmaker Intel Corp., which is in the midst of takeover speculation amid its struggling financial performance, rejected an approach from British chip firm Arm Holdings Plc for its product division, Bloomberg reported citing a person with direct knowledge of the matter. Intel replied that the product division is not for sale. On the Nasdaq, Intel...
The U.S. dollar weakened against its major counterparts in the New York session on Friday, as PCE inflation cooled in August, raising the possibility of a 50 basis point rate cut by the Federal Reserve in November. On an annual basis, PCE inflation slowed to 2.2 percent in August from 2.5 percent in July. Economists...
European stocks closed higher on Friday, with several major markets hitting record highs, as investors continued to cheer Chinas stimulus announcements, and bet on hopes of more interest-rate cuts by central banks. Soft inflation data from France and Spain also helped underpin sentiment. The pan European Stoxx 600 ended up 0.47%. The U.K.s FTSE 100...
The value of the U.S. dollar index has moved modestly lower over the course of trading on Friday, as traders react to closely watched inflation data. Currently, the U.S. dollar index is trading at 100.41, down 0.11 points or 0.1 percent. The greenback is trading at 142.87 yen versus the 142.13 yen it fetched at...
The Singapore stock market has finished lower in consecutive trading days, slumping more than 55 points or 1.5 percent along the way. The Straits Times Index now sits just above the 3,580-point plateau and it may extend its losses on Thursday. The global forecast for the Asian markets is negative, with many of the overbought...
Members of the Bank of Japans Monetary Policy Board said that the country has largely recovered the financial stresses of the past few years, minutes from the central banks meeting on July 30-31 revealed on Thursday - and the economy is likely to continue to grow. Japans financial conditions have been accommodative, the minutes added....
The Taiwan stock market has moved higher in five straight sessions, collecting more than 1,100 points or 5 percent along the way. The Taiwan Stock Exchange now sits just above the 22,760-point plateau although investors figure to lock in gains on Thursday. The global forecast for the Asian markets is negative, with many of the...
The China stock market has tracked higher in six straight sessions, advancing more than 180 points or 7 percent along the way. The Shanghai Composite now sits just beneath the 2,900-point plateau although its overdue for profit taking on Thursday. The global forecast for the Asian markets is negative, with many of the overbought regional...
The Hong Kong stock market has climbed higher in consecutive trading days, surging more than 875 points or 4.5 percent along the way. The Hang Seng Index now sits just beneath the 19,130-point plateau although it figures to head south on Thursday. The global forecast for the Asian markets is negative, with many of the...
The Indonesia stock market on Wednesday ended the modest two-day winning streak in which it had picked up more than 35 points or 0.5 percent. The Jakarta Composite Index now rests just above the 7,740-point plateau and its likely to open in the red again on Thursday. The global forecast for the Asian markets is...