NEW YORK (Reuters) – As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. Shares of the Internet search Continue Reading
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Asian shares hit 18-month top in festive cheer; oil, gold hold gains
SYDNEY (Reuters) – Asian shares jumped to an 18-month high on Friday while gold and oil prices stayed buoyant in a holiday-shortened week, as investor optimism was boosted by hopes a U.S.-China trade deal would soon be signed. FILE PHOTO: A man is reflected on a stock quotation board outside Continue Reading
S&P 500, Nasdaq hit new highs as chips rally on trade optimism
(Reuters) – The S&P 500 and the Nasdaq indexes hit record highs on Monday, as a report that the United States and China were nearing a trade truce sparked a rally in Apple and semiconductor stocks, with sentiment also buoyed by a raft of blockbuster deals. FILE PHOTO: Traders work Continue Reading
Australia’s AMP hit with class-action lawsuit from pension account holders
FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. Picture taken May 5, 2017.REUTERS/David Gray (Reuters) – Australian wealth manager AMP Ltd said on Thursday it would defend itself against a new class-action lawsuit filed Continue Reading
Australian wealth manager IOOF hit with class-action lawsuit
SYDNEY (Reuters) – Australia’s embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached stock market disclosure obligations. The class-action lawsuit is the ninth against a major financial firm since a public inquiry last year uncovered widespread Continue Reading
Scrapping India’s trade privileges could hit U.S. consumers, senators say
NEW DELHI (Reuters) – A U.S. plan to end preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two U.S. senators have told their country’s trade office, urging a delay in adopting the plan, and seeking more negotiations. FILE PHOTO: A man holds Continue Reading