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NEW YORK, Feb 1- Alphabet Inc surpassed Apple Inc as the most valuable company in the United States in after-hours trading on Monday, knocking the iPhone maker from the top spot that it has held for the better part of four years. Alphabet shares jumped 6 percent on Monday after reporting strong quarterly earnings after the bell, making its combined share classes...
TORONTO, Feb 1- Canada's main stock index lost ground on Monday, with shares in energy companies weighing heavily as oil prices tumbled and weak economic data out of Europe and China exacerbated concerns about a global slowdown. Suncor, the country's largest oil and gas company, could provide further insight on the overall health of the oil patch when it reports...
"As long as the core business continues to operate well with accelerated revenue... investment in those businesses can continue," said Ronald Josey of JMP Securities. Alphabet said consolidated revenue jumped 17.8 percent to $21.33 billion in the fourth quarter ended Dec. 31, from $18.10 billion a year earlier. Total operating losses on the Other Bets- which...
TOKYO, Feb 1- Tokyo shares on Monday soared to near one-month highs in heavy volume as the Bank of Japan's surprise decision to adopt negative interest rates spurred further buying, lifting real estate stocks. Real estate stocks, beneficiaries of lower interest rates, extended gains. The Nikkei ended 2.0 percent higher at 17,865.23, its highest close since Jan. 6.
*China official factory PMI falls to lowest since 2012. The Shanghai Composite Index eased 1.6 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen lost 1.4 percent. "The manufacturing sector will likely face a tough year ahead on the back of overcapacity, weakening global demand, and government's plans to tackle pollution,"...
China’s pretty miffed at billionaire investor George Soros’s dire warnings on its economy, and isn't afraid to say so.
There are new job cuts ahead in the oil and gas sector, after major cost reductions have been squeezed out of capex and suppliers, a survey revealed.
Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall.
The oil price slump is hitting home but there might be some positives amid the bad news, analysts reckon.
The Chinese economy still has "plenty of room for growth," GE's vice chairman tells CNBC.
An extended rout in oil prices is forcing energy companies to scale back on jobs and send expatriates home, said Robert Walters.
Cross-straits tensions between China and Taiwan are developing into an international drama, starring a 16-year-old Korean pop singer.
Possible clues to China's fate could be gauged from how the world reacted to Japan's economic malaise, according to HSBC economist Frederic Neumann.
Prices have tanked 20 percent just two weeks into this year and are about 70 percent lower since the summer of 2014 when prices started declining.
Pressure on global corporate credit ratings is at the worst level since the financial crisis, Standard & Poor's has warned.
Oil is being slammed by a severe erosion in market confidence caused by the weak global environment, according to a top energy expert.
Olam is expanding its footprint in Africa with the $275 million purchase of BUA Group's wheat milling and pasta making assets.
The chairman of embattled commodities trader Noble Group bought 10 million shares in the company on Friday.
Commodities trader Noble has started the year with another credit rating cut, after Standards and Poor’s downgraded it to junk status.
After the shortest trading day in China’s stock trading history, Weibo users mocked and moaned about the market's circuit breaker.