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The US IPO values Tencent Music at $21.3 billion

Tencent Music raises nearly $1.1 billion in US IPO

China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its US initial public offering after pricing its shares at the bottom of its targeted range.

Business • 12 Dec 18

Amazon rose by 4.7% at one point in yesterday's trade, putting its market capitalisation at $865 billion

Amazon briefly edges out Apple for most valuable firm

Amazon.com briefly became the most valuable company on Wall Street in intraday trade yesterday, days after Microsoft dethroned long-time leader Apple.

Business • 04 Dec 18

Slowing growth, political risks and worries over US protectionist policies are keeping European investors on the sidelines, a new poll shows

Growth & trade worries to keep a lid on European stocks

European shares will move in a tight range going into the year-end and during 2019, a Reuters poll showed today.

Business • 28 Nov 18

The US consumer price index rose 0.1% in September compared to the previous month

US inflation slows in September as used car prices fall

US consumer price gains slowed unexpectedly last month, continuing a softening trend since the summer that could ease some investor fears of accelerating interest rate hikes.

Business • 11 Oct 18

Donald Trump has called the Fed's interest rate increases a 'ridiculous' policy

Trump calls 'loco' Federal Reserve 'too aggressive'

US President Donald Trump said that last night's stock market sell-off was in fact a long-awaited "correction," and that the Federal Reserve, which has been raising US interest rates, had gone "crazy."

Business • 11 Oct 18

The Dow Jones Industrial Average lost 3.2% or 830 points to finish at 25,498.74, in the biggest fall since February

Wall Street indices plunge up to 4% following selloff

Wall Street stocks have plunged, with major indices losing more than three percent in a selloff prompted by the sudden jump in US interest rates.

Business • 10 Oct 18

Netflix membership in the quarter grew 5.2 million to a total of 130 million

Netflix subscriber slip hints at 'lumpy' road ahead

Shares of Netflix fell 13% today after it reported a surprise shortfall in subscriber additions for a second quarter marked by the lack of a blockbuster new show and the soccer World Cup.

Business • 17 Jul 18

General Electric will be replaced on the Dow Jones on June 26 by pharmacy chain Walgreens Boots Alliance

General Electric dropped from Dow Jones stock index

Slumping US industrial giant General Electric will be removed from the prestigious Dow Jones stock index, S&P Dow Jones Indices have said.

Business • 20 Jun 18

Dow Jones gained 2.8% last night, while the Nasdaq jumped 3.3%

World stocks rally as trade war fears recede

European shares surged today, after similar moves on Wall Street last night, on early signs of a detente in trade rhetoric between Washington and Beijing.

Business • 27 Mar 18

Amazon now has a market capitalisation of $768 billion

Amazon is now second most valuable US-listed company

Amazon.com has become the second most valuable publicly listed US company, surpassing Google parent Alphabet for the first time.

Business • 21 Mar 18

Asian and European markets see more losses today after steep falls on Wall Street

European shares fall to lowest level in 6 months

European shares fell to their lowest level in almost six months after a roller coaster week marred by a historic spike in volatility on worries a comeback of inflation would speed a shift to tighter monetary policies.

Business • 09 Feb 18

Experts believe it is a long-overdue correction by the stock market rather than a full-blown crash

Why are stock markets falling and what does it mean?

London's top-flight index has joined global markets by crashing into the red, following the biggest ever intra-day points plunge on Wall Street overnight, so what does it mean for investors?

News • 06 Feb 18

The 30-member blue-chip Dow Jones index crossed five 1,000-point marks in 2017

Dow tops 25,000 milestone as Wall Street extends rally

The Dow Jones broke above the 25,000 level for the first time on Wall Street last night and other major indexes hit closing record highs again.

Business • 05 Jan 18

Bitcoin is down 15% from its all time high reached earlier this week

Bitcoin could threaten financial stability - Fed

A chief Federal Reserve banking oversight official has said that digital currencies like bitcoin could pose a threat to financial stability as they gain wider use.

Business • 01 Dec 17

The value of goods sold on eBay websites rose 8% to $21.7 billion in the third quarter of 2017

EBay's profit forecast disappoints, shares fall

EBay warned last night that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers.

Business • 19 Oct 17

The latest 1,000-point increase on the Dow Jones was covered in roughly half the time it took the index to move from 21,000 to 22,000

Dow ends above 23,000 for first time

The Dow Jones closed above 23,000 for the first time on Wall Street last night, driven by a jump in IBM after it hinted at a return to revenue growth.

Business • 19 Oct 17

Nasdaq said in a statement it was investigating the improper use of test data distributed by third parties

Glitch causes prices of US tech stocks to appear off

The prices of several big-name Nasdaq-listed stocks appeared on some websites to either spike or plummet well after the closing bell on Wall Street yesterday.

Business • 04 Jul 17

US President Donald Trump and Treasury Secretary Steven Mnuchin

US Treasury unveils financial reform plans

The US Treasury Department unveiled a sweeping plan last night to upend the country's financial regulatory framework, which, if successful, would grant many items on Wall Street's wishlist.

Business • 13 Jun 17

If Apple continues on its growth path, the company will top the $1 trillion market cap level later this year

Apple tops $800 billion market cap for first time

Apple became the first US company to top the $800 billion mark in market capitalisation last night, slightly more than two years after it crossed the $700 billion threshold.

Business • 10 May 17

'Fearless Girl' has proved a major hit with locals and tourists

Battle heats up over iconic Wall Street statues

A battle is heating up between two iconic New York statues, the legendary 'Charging Bull' and new kid on the block 'Fearless Girl', with gender equality, artistic integrity and copyright issues at stake.

US • 13 Apr 17

All three major US stock indices have broken new records since Donald Trump's election in November

Wall Street's Trump rally overpriced - economists

Wall Street's historic rallies since Donald Trump's election overvalue the president's pledged pro-business tax and regulatory policies.

Business • 27 Mar 17

The company's IPO raised $3.4 billion with a price of $17 a share

Snapchat shares surge 40% on trading debut

Instant messaging service Snapchat has surged in its debut trade , jumping more than 40% from the level set in the initial public offering last night.

News • 02 Mar 17

World stock markets still digesting Trump's shock win in the US

European stocks mixed as Trump anxiety deepens

European stock markets were mixed by closing as a choppy trading week triggered by Donald Trump's election win comes to a close.

Business • 11 Nov 16

Market scepticism exists over Donald Trump's views on topics such as trade and tax

Key economic and tax proposals from Trump

Substantial uncertainty still surrounds Trump's policy positions, as well as market scepticism over his views on topics such as trade.

Business • 09 Nov 16

Big global banks are bracing for potential tumult on financial markets after the US election

Big global banks prepare for confusion after vote

Big global banks, including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs are bracing for potential tumult on financial markets after today's US election.

Business • 08 Nov 16