Tag Archives: slump

Global stocks extend slump as global growth worries mount

TOKYO (Reuters) – Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash chances of a trade deal. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei ...

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Global stocks slump on China executive arrest, oil spills into OPEC

LONDON (Reuters) – Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers. The arrest of Huawei’s chief financial officer, Meng Wanzhouof, who is also the daughter of the ...

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European stocks slump to two-year low after China executive arrest

LONDON (Reuters) – Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, ...

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Oil prices skid amid global stock market slump, swelling U.S. supply

SINGAPORE (Reuters) – Oil prices fell 1 percent on Wednesday, weighed down by swelling U.S. inventories and a plunge in global stock markets as China’s government warned of increasing economic headwinds. A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture taken April 13, 2018. REUTERS/Ann Saphir International Brent crude ...

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Australian PM’s approval ratings slump as minority government looms

SYDNEY (Reuters) – Australian Prime Minister Scott Morrison’s personal approval ratings have plunged over the past two weeks following a series of policy missteps and as his government looks set to lose its one-seat majority in parliament. FILE PHOTO – Australia’s Prime Minister Scott Morrison stands before delivering the National Apology to survivors of child sexual abuse in the House ...

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Daimler hit by Germany slump, CEO forecasts high fourth quarter demand

FRANKFURT (Reuters) – Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings. FILE PHOTO: The Daimler is seen during a press conference on the second press day of the Paris auto show, in ...

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Asian shares slump as Wall St. erases all of 2018 gains

SYDNEY (Reuters) – Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year. A screen displays a chart of the Dow Jones Industrial Average on the floor of the New York ...

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Slump persists, China fails to stimulate markets hobbled by pledged shares

SHANGHAI (Reuters) – China is struggling to restore confidence in its stock markets, which are being weighed down by a massive amount of shares that have been pledged as collateral as credit-starved companies seek to raise funds. FILE PHOTO: An investor sits in front of displays showing stock information at a brokerage office in Beijing, China October 11, 2018. REUTERS/Thomas ...

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