Stock Markets

European stocks slide amid U.S.-North Korea tensions

European stocks slide amid U.S.-North Korea tensions

European stocks slipped sharply on Wednesday as tensions between the United States and North Korea continued escalating.

In Frankfurt and Paris, the DAX 30 and the CAC 40 index PX1 dropped 1.1 per cent to 12,160 and 1.3 per cent to 5,152, respectively.

Investors rushed to sell off their stocks after North Korean leader Kim Jong Un warned that his military could strike the United States’ military base in Guam.

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Netflix investors give stock split approval Tuesday

Netflix investors give stock split approval Tuesday

A proposal to increase authorized shares of capital stock from 170 million to 5 billion was approved by the company's investors in an annual meeting on Tuesday in Los Gatos.

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Nifty Stays above 7700; Markets Rebounds

Nifty Stays above 7700; Markets Rebounds

Indian Stock Market traded positive on Tuesday and BSE Sensex closed just 100 point less than 26,000 while NSE Nifty closed at 7,746.

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Saudi Bourse Bill Approved by Cabinet

Saudi Bourse Bill Approved by Cabinet

To open the Arab World's largest stock market, Saudi Arabia's cabinet finally gave permission to the financial regulator. This is to make direct investment by foreign financial institutions. In the world's largest oil exporter, the Saudi market which is capitalized around $530 billion is amongst the most awaited monetary reforms.

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Investors Dump QRxPharma after Painkiller Rejected by U.S. FDA Panel

Investors Dump QRxPharma after Painkiller Rejected by U.S. Panel

Australian pharmaceutical major QRxPharma Limited stock plunged nearly 80% after the U.S. regulatory panel voted against the painkiller Moxduo. The stock went down from 70 cents to 13 cents, marking the worst day for the stock since its initial offer in 2007.

Moxduo is a strong painkiller suggested for intense pain and combines two opiods. Moxduo, the drug that combines morphine and oxycodone, failed to receive FDA backing.

The FDA panel unanimously voted against Moxduo. FDA panel added that the drug has not been proved safer compared to other options.

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44 Percent Twitter Users Never Tweet

44 Percent Twitter Users Never Tweet

A Twitter analytics company Twopcharts has released a report claiming that 44 percent of Twitter users do not tweet at all. As per estimates, there are over 970 million Twitter accounts. Twitter has seen tremendous growth, but the social network has been witnessing tough times recently.

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America’s best days lie ahead: Warren Buffet

America’s best days lie ahead: Warren Buffet

Warren Buffet has given indication that Berkshire Hathaway will look forward to the more acquisitions in year 2014. The Oracle of Omaha expressed confidence in the US economy. Berkshire reported record $19.5 billion full year profit, higher by 31 percent compared to last year.

The book value per share increased to $134,973 after taxes, witnessing an increase of 18.2 percent. Market analysts were expecting Berkshire to post $18 billion in profit compared to $14.8 billion in 2012.

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Rand Position Improves

Rand Position Improves

As per recent reports, it has been found that after witnessing a knee-jerk reaction, the rand position has improved against the dollar. Initially, the currency saw a drop to R10.58.

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Nigerian Stock Exchange Witnesses Slump

Nigerian Stock Exchange Witnesses Slump

According to the recent developments in the stock market, it has been revealed that there has been a decline seen in the equities of the Nigerian Stock Exchange. It seems to have been a drop of 1.38% and has ended at 20, 255.02 points. This is much lower than the 20,507.18 points it had been a day before that.

There was a huge speculative eye on the market and a lot was being said about the declining conditions of the market being a result of the overall shift in the world economy due to the crisis situations in the Eurozone and in the United States.

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South African Shares at Upward Momentum

South African Shares at Upward Momentum

On Wednesday, the global market was seen facing a downtrend. But today seems to be a lucky day as good news has been coming from South African stock markets. It has been reported that almost all shares on FTSE/JSE Africa closed at their highest.

The shares of Anglo American Plc, BHP Billiton Ltd., Datatec Ltd., First Uranium Corp., Gold Fields Ltd., Harmony Gold Mining Co., Investec Ltd., Old Mutual Plc, SABMiller Plc and Shoprite Holdings Ltd. are among those shares which witnessed maximum surge, today.

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