Wall Street was up right after the Federal Reserve announced on Wednesday that it was cutting its main interest rate by half a percentage point to 3 percent, but the markets ended the session lower. The Dow Jones Industrial Average dropped 0.3 percent to 12.442.83 while the Nasdaq Composite was down 0.38 percent to [...]

Equities markets in the Asia-Pacific region were mixed on Wednesday after reports that the economies in both South Korea and Singapore are slowing and on the news that the bombing of an army bus in Colombo, Sri Lanka, had killed four. The Straits Times index was 0.61 percent lower to 3,461.22 in Singapore on [...]

Equities markets in the Asia-Pacific region were lower on Monday on fears that growing inflation in the United States will cause the Federal Reserve to hold back on further interest rate cuts at a time when the economy is continuing to slow. The Shanghai Composite was down 2.62 percent to 4,876.76 while South Korea’s [...]

Asia-Pacific region equities markets were down Monday on the expectation that banks will report further losses due to exposure to the US subprime mortgage crisis. The biggest loss among major indices came in Hong Kong, where the Hang Seng dropped 3.88 percent to 27,665.73, a loss of 1,117.68 points on the session. The [...]

Wall Street was significantly lower in midday trade on Friday after Wachovia (NYSE: WB) fed concerns about the credit crisis when it said it could write down as much as $1.1 billion just in October. The Dow Jones Industrial Average was 1.18 percent lower to 13,109.48 while the Nasdaq Composite had dropped 2.1 percent [...]

After the Federal Reserve announced that it has cut interest rates by another quarter point to 4.5 percent, New York equities markets were mixed at midafternoon after having traded uniformly higher before the decision was released. The Dow Jones Industrial Average was up 0.21 percent on the day so far to 13,821 up again [...]

Asia-Pacific stocks were higher Friday. In Hong Kong, the Hang Seng index added 1.84 percent to 30,405.22, closing over 30,000 for the first time and setting a new closing record after rising to 30,562.63 during the session for an all-time intra-day high. Meanwhile in South Korea the Kopsi index gained 2.6 percent to [...]

Europe’s markets saw gains on Thursday. The FTSE Eurofirst 300 was up 1 percent to 1,565.18. Madrid’s IBEX added 1.02 percent to 15,386, while the Dax gained 1.32 percent to 7,932.44 and the Paris CAC-40 jumped 1.51 percent to 5,760.3. Telecommunications utilities did well on the day after France Telecom (Euronext: FTE; [...]

Most Asian markets were lower on Wednesday, worried by a report that investment bank Merrill Lynch (NYSE: MER; TYO: 8675) will likely write down $2.5 billion more in the third quarter than previously estimated, adding to concerns over the effect of the subprime crisis. The bank had previously estimated it would write down around [...]

Asian and Pacific region equities were lower Friday. The Shanghai Composite was 0.12 percent lower to 5,818.05, while in Taiwan the Taiex was down 0.26 percent to 9,611.72. Australian markets declined on losses in the banking and mining sectors. The Sydney Ordinaries fell 0.85 percent to 6,723.3 and the S&P/ASX200 dropped 0.91 [...]