Stock Market

U.S. Stocks Slide as IBM, United Technologies Results Disappoint

U.S. stocks declined, with equities sliding the most in two weeks, as quarterly results from IBM Corp. and United Technologies Corp. disappointed investors. Apple Inc. declined in late trading after iPhone shipments missed forecasts, and Microsoft Corp. fell following its largest-ever quarterly net loss. International Business Machines Corp. dropped 5.9 percent during regular trading after sales fell for a 13th ...

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Novartis Profit Drops as U.S. Dollar Strength Erodes Sales

Novartis AG, the world’s biggest drugmaker by sales, reported a 7 percent decline in second-quarter earnings after the strength of the U.S. dollar eroded sales. Core operating income in U.S. dollar terms fell to $3.59 billion, Basel, Switzerland-based Novartis said in a statement Tuesday. That was in line with the $3.58 billion average of 11 estimates compiled by Bloomberg. The ...

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Swiss stocks – Factors to watch on July 20

The following are some of the main factors expected to affect Swiss stocks on Monday JULIUS BAER Julius Baer said on Monday first-half net profit slid after a $350 million charge towards an expected settlement in a U.S. criminal investigation into how the Swiss bank helped wealthy Americans dodge taxes. The Zurich-based private bank also said it is buying a ...

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Asia shares tip-toe higher as China stocks rise, dollar up on Yellen

Most Asian shares edged up on Thursday after volatile Chinese stocks reversed course and rose, while the dollar stood tall after Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike. As of 0328 GMT, Shanghai stocks were up 1.1 percent and the CSI300 index gained 1.4 percent. Underscoring fragile sentiment after a big recent rout, mainland indexes ...

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Global Stock Fund Exits From China, Showing Bargains Are Hard to Find

Years investing in China’s stock market have taught Garry Laurence that extreme volatility creates opportunities. Lately, he says, they’ve all been opportunities to sell. The Sydney-based money manager, who helps oversee about $25 billion at Perpetual Ltd., has been unloading all the yuan-denominated A shares in his global equity fund over the past two months. He says Chinese stocks are ...

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Asia stocks rally, EU leaders talk Greek compromise

The euro steadied on Monday after an early slip while Asian shares swung higher as European leaders pressed on with talks for a Greek deal and Chinese trade data beat forecasts in a promising sign for global demand. The moves were mild amid news Euro zone leaders had met through the night to discuss a compromise proposal on a third ...

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NYSE temporarily suspends trading due to technical glitch

(Reuters) – Trading in all securities were halted on the New York Stock Exchange on Wednesday following earlier reports of technical difficulties, although NYSE-listed issues was still trading on other exchanges. After the halt, U.S. stocks extended their losses, but in low volumes, with the S&P 500 hitting a session low and the Dow Jones Industrial Average and Nasdaq both ...

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