Equities

World markets were higher on Wednesday (Feb 23) after Russian President Putin said Moscow is ready to look for “diplomatic solutions” amid tensions with the West over Ukraine. Stocks in Asia-Pacific closed in the green. Mainland Chinese equities gained. The Shanghai composite closed up 0.93% to 3,489.15 while the Shenzhen component climbed 1.902% to about 13,549.99. In Hong Kong, the Hang Seng index added

Soaring tensions over Ukraine kept world stock markets on edge on Tuesday (Feb. 22) following yesterday’s recognition of the Donetsk and Luhansk People’s Republics in eastern Ukraine by Russian President Vladimir Putin. Putin ordered the Russian army to move into the two regions to act as “peacekeepers,” with  the U.S. and allies condemning the deployment of troops in Ukraine. Germany also suspended

World stock markets opened higher on Monday (Feb. 20) as investors were cheered by news of a possible summit over Ukraine between the United States and Russia. A decision on the summit will be taken after the foreign ministers of Russia and the US talk later this week. “President Biden accepted in principle a meeting with President Putin following that engagement, again,

Asian Pacific stocks finished in deep positive territory on Wednesday (Feb. 16), on the back of positive global cues amid signs of a de-escalation in Ukraine tensions. A day earlier, the Russian defence ministry said its forces were starting to return to base after completing exercises in the southern and western military districts near Ukraine. Later, United States President Joe Biden stated

Wall Street traders breathed a sigh of relief on Tuesday (Feb. 15) thanks to a relaxation of Ukraine tensions. The Dow Jones Industrial Average snapped a 3-day losing streak, opening 0.88% or 303 points higher, after Russia said some of its troops were returning to base after exercises near Ukraine and stressed the need for continued dialogue on security. Russian Foreign Minister

European stocks were sharply lower on Monday (Feb. 14) as investors continued to track tensions in Ukraine which sparked nervousness at the start of the week. The pan European Stoxx 600 dropped 1.99% in early afternoon while Germany’s DAX plunged 2.10% and U.K.’s premier FTSE 100 index was off 1.86%. Banks led the losses. Commerzbank sank 4% after Germany’s finance minister told Handelsblatt

Shares of PayPal closed down 24% on Wednesday (Feb. 2), a day after the payment service reported weaker than expected fourth quarter earnings and provided disappointing guidance that it blamed in part on inflation. Adjusted earnings increased by 4% to $1.11 a share, ex-items, but just missed Wall Street’s target of $1.12 a share, according to a Refinitiv survey of analysts. Revenue rose by