Asian Exchanges Higher On Overnight Wall Street Cues

Asian Exchanges Higher On Overnight Wall Street Cues

Asian stock markets Tuesday gained on overnight Wall Street record-high closes and declining geopolitical tensions regarding North Korea. Tokyo posted solid green, while Shanghai and Hong Kong eked out gains, and other regional exchanges finished higher. In Tokyo, the Nikkei 225 rallied for a second day, up 1.18% on the New York and Korean signals and a softer yen, the latter regarded positively in trade-oriented Japan. In other news, Meiji […]

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Oil Declines This Week

Oil Declines This Week

Crude prices declined this week even after the Organization of Petroleum Exporting Countries (OPEC) pledged to extend its six-month long production cuts to March 2018. West Texas Intermediate traded stubbornly below $50 per barrel as the number of oil rigs operating in the U.S. stood at a two-year high. Oil rigs rose by two to 722, advancing for the 19th consecutive week to its highest since April 2015, according to […]

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Existing Home Sales at New Cycle-High

Existing Home Sales at New Cycle-High

The 4.4% U.S. March existing home sales bounce to a 5.71 million new cycle-high rate beat estimates, following a February drop to a 5.47 (was 5.48) million clip from a 5.69 million prior cycle-high in January, as mild weather provided a spotty winter lift to sales. A 3.6% March median price rise to $236,400 trimmed the seasonal downtrend from the $247,600 all-time high last June, while inventories rose 5.8% in […]

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Facebook, comScore Expand Relationship

Facebook, comScore Expand Relationship

comScore, a company that measures audiences online and in media, said Tuesday it is introducing Facebook (FB) demographic metrics to its existing validated campaign measurement suite. comScore said that beginning in May, it will include measurement of both display and video ads that run on desktop and mobile platforms on Facebook, Instagram and the Facebook Audience Network. The availability of these new metrics, including demographics, reach and frequency, comes in […]

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MidEast Stocks Mostly Rise

MidEast Stocks Mostly Rise

Middle East shares mostly gained, boosted by Q1 results. Qatar National Bank said Q1 net profit jumped 12% to 3.2 billion riyals ($879 million) from the year-ago period and topping Arqaam Capital’s forecast for 3.0 billion riyals. Loan growth was up 33% year on year to 536 billion riyals, while customer deposits rose by 34% to 541 billion riyals. Saudi British Bank said Q1 net profit fell 9.3% to 1.04 […]

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