Disney reports rare earnings miss, shares sink

Walt Disney Co, an investor favorite for consistently beating Wall Street earnings targets, reported a rare miss on Tuesday as advertising and subscriptions declined at sports channel ESPN and theme park revenue came in weaker than expected. The home of Mickey Mouse got a boost from animated hit film “Zootopia” but it announced an exit from the console video game ... Read More »

Oil dips on Canada output prospects, record U.S. stocks

Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. International Brent crude oil futures LCOc1 were down 28 cents at $45.24 per barrel at 0909 GMT. U.S. West Texas Intermediate (WTI) futures CLc1 were down 44 cents at $44.22 a ... Read More »

Sensex slumps 160 points on profit-booking, weak Asian cues

Market benchmark Sensex fell over 160 points in early trade and the NSE Nifty cracked below the 7,700-mark today due to profit-booking by investors after yesterday’s gain amid weak cues from Asian markets ahead of the US employment data. The 30-share barometer dropped by 160.09 points, or 0.63 per cent, to 25,102.12, with all sectoral indices led by FMCG, metal, ... Read More »

Warren Buffett says doesn’t try to profit from central bank moves: CNBC

Warren Buffett, the chairman and chief executive of conglomerate Berkshire Hathaway (BRKa.N), said Monday Berkshire did not try to profit from global central bank monetary policy and that low oil prices were beneficial to the United States. “It’s a fascinating movie to watch,” Buffett told cable television network CNBC, in reference to central bank monetary policy worldwide. “I don’t try ... Read More »

Tokyo slide keeps mood downbeat

A 3 percent plunge in the Tokyo stock exchange and falls in European banking shares added to a gloomy global financial mood on Monday, pushing oil prices lower and the dollar to an 18-month low against the yen. With trading thinned out by holidays in London and many Asian economies, a solid read of manufacturing sentiment in Germany drove the ... Read More »

China April official factory PMI seen rising modestly for second month

Activity in China’s manufacturing sector likely expanded modestly in April for the second month in a row, a Reuters poll showed, adding to hopes that a prolonged downturn in the world’s second-largest economy is easing. The official manufacturing Purchasing Managers’ Index (PMI) is expected to rise to 50.4 in April from 50.2 in March, according to a median forecast of ... Read More »

Aussie plunges, Fed eyed for dollar direction

Australia’s dollar plunged by almost 2 percent on Wednesday after data showed consumer prices fell unexpectedly in the first quarter, but most currencies traded in narrow ranges before a U.S. Federal Reserve policy decision later in the day. The dollar edged down 0.2 percent against a basket of major currencies .DXY, with traders expecting the Fed to be wary of ... Read More »

Fed set to keep rates unchanged, may nod to ebbing risks

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday as it continues to monitor the impact from weakening global growth but may seek to signal to markets it is determined to resume policy tightening this year. The Fed has held its overnight lending rate for banks at a target range of between 0.25 and 0.50 percent ... Read More »

Oil hits 2016 high, led by falling output and weaker dollar

Oil hit its highest level this year on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since last April. The prospect of an agreement among the world’s largest exporters to limit production, which had provided the catalyst for a 55 percent rally since mid-February, evaporated almost ... Read More »

Asia stocks slip with central banks in focus, oil holds gains

Asian stocks were mostly lower on Wednesday, as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while crude oil prices hovered near 2016 highs. Spreadbetters expected Europe to behave similarly, forecasting Britain’s FTSE .FTSE, Germany’s DAX .GDAXI and France’s CAC .FCHI to open little changed. Japan’s Nikkei .N225 lost 0.4 percent as Japan-based suppliers of iPhone ... Read More »