Business

SYDNEY (Reuters) – Asian shares jumped to the highest in a decade on Wednesday as Wall Street scaled all-time highs, while the dollar loitered around two-week lows on worries President Donald Trump’s tax plan could stall. The euro traded around a 10-day peak after Catalonia’s leader suspended plans to leave Spain, easing near-term concerns about
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(Reuters) – The Dow Jones Industrial Average hit a record high on Tuesday, helped by a surge in Wal-Mart Stores, while Amazon and Facebook lost ground and investors focused on upcoming quarterly reports. Wal-Mart (WMT.N) jumped 4.47 percent to a two-year high after forecasting U.S. online sales would rise by about 40 percent in the
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(Reuters) – Wal-Mart Stores Inc (WMT.N) on Tuesday unveiled a $20 billion share buyback plan and forecast U.S. online sales to increase by about 40 percent in the fiscal year ending January 2019. Wal-Mart’s shares were up 1.6 percent at $81.80 in premarket trading after the company also forecast overall net sales to increase by
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(Reuters) – Wall Street touched intra-day record highs on Friday, with the S&P 500 approaching the 2,500 mark as technology stocks bounced back after two days of declines. The S&P 500 information technology sector .SPLRCT rose 0.21 percent, powered by an Nvidia-led surge in chipmakers, while Apple rose 1.1 percent in its first gain since
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ZURICH (Reuters) – The vast majority of Clariant’s (CLN.S) shareholders support the Swiss chemical maker’s planned $20 billion merger with American peer Huntsman (HUN.N), Huntsman’s Chief Executive told Swiss newspaper NZZ am Sonntag. “I have met between 150 and 200 shareholders in groups and in individual talks and explained the details of the merger to
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(Reuters) – Clothing retailer Gap Inc (GPS.N) reported better-than-expected second-quarter results and raised its full-year profit forecast, helped by strong demand for Old Navy products and fewer discounts, and its shares rose about 5 percent. The company’s overall same-store sales increased 1 percent in the three months ended July 29, while analysts were expecting sales
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SYDNEY (Reuters) – Asian shares went flat on Tuesday as disappointing Chinese trade data clouded the otherwise upbeat outlook on global growth, leaving currencies and commodities becalmed in summer doldrums. MSCI’s broadest index of Asia-Pacific shares outside Japan gave up modest early gains to be barely changed, though it was still within a whisker of
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