28
Thursday
January 2021
4:55 AM IST
News Headlines
Unlucky Kerala shares spoil with Jamshedpur        England team lands in Chennai, Indians arrive in batches for first two tests        Israel military revising operational plans against Iran        France's Sanofi to boost Pfizer vaccine supply amid EU shortages        Hero MotoCorp to commence its operations in Mexico soon        GHIAL to raise US $300 Mn through bond issue for Hyderabad airport expansion        Cabinet approves MSP of Copra for 2021 season        Rajnath speaks to his US counterpart, the two NSAs also talk, Indo-US ties to deepen further        RJD should cancel it's proposed human chain in view of Republic Day violence: Sushil        Two farmer unions withdraw from protest against farm laws        One million COVID-19 vaccine doses administered in India in just 6 days: Health ministry        England near Sri Lanka's 1st innings total after Root's 186        Srikanth resumes training after BAI gets mandatory quarantine time reduced        Melbourne century very special as it was crucial for series victory, says Rahane        FinMin allocates Rs 660 cr additional funds to MP for capex        Markets may remain volatile in holiday-shortened week: Analysts        US condemns Russia's use of harsh tactics against protesters, journalists        Egypt says it has launched vaccination against coronavirus        Qureshi says Pakistan ready to work with new US administration        MP government trying to crush farmers' voice: Kamal Nath        
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Business News
Asian shares rise after Wall Street gains on solid earnings
 
Tokyo, Oct 21 (AP) Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.

Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's S&P/ASX 200 edged up 0.1% to 6,192.30. Hong Kong's Hang Seng was up 0.7% at 24,748.91. The Shanghai Composite gained slipped 0.5% to 3,312.41.

Asian shares have tracked the moves on Wall Street lately, as much of the region's export-dependent economies depend on robust trade, slammed by the coronavirus pandemic.

Investors also had their eye on Washington in hopes that Democrats and Republicans will reach a deal to deliver more aid for the economy.

Markets have been cheered by hopes of a fiscal stimulus deal between Republicans and Democrats even as the Tuesday deadline loomed as all sides expressed goodwill as well as flexibility in the timeline to reach a compromise deal sooner rather than later, Mizuho Bank said in its daily markets report.

Technology, communication and financial stocks powered most of the gains on Wall Street. Traders bid up shares in several companies that reported quarterly results that were better than analysts expected, including Procter & Gamble, Regions Financial, Albertsons and Travelers.

Others didn't fare as well. Netflix shares fell in after-hours trading after the streaming service reported third-quarter earnings and a tally of new subscribers that fell short of analysts' expectations.

The S&P 500 rose 0.5% to 3,443.12. The Dow Jones Industrial Average of big blue chips gained 0.4% to 28,308.79. The Nasdaq composite snapped a five-day losing streak, rising 0.3% to 11,516.49.

Stocks have been mostly pushing higher this month after giving back some of their big gains this year in a sudden September swoon. The benchmark S&P 500 has notched a gain in each of the past three weeks.

Google parent Alphabet rose 1.4% after the Justice Department sued the company for antitrust violations. The lawsuit could be an opening salvo ahead of other major government antitrust actions, given ongoing federal probes of other major tech companies, including Apple, Amazon and Facebook.

The Big Tech stocks have been investor favorites this year, because the companies are expected to do well during and after the pandemic. That these companies could one day face the risk of an antitrust case is a risk investors have, or should have, long considered.

Procter & Gamble rose 0.4% after the consumer products company reported solid fiscal first-quarter results and raised its earnings outlook. Insurer the Travelers Cos. gained 5.6% after its latest earnings topped Wall Street's estimates, thanks partly to lower-than-expected losses on claims.

In energy trading, U.S. benchmark crude lost 16 cents to 41.54 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, it gained 63 cents to 41.70 per barrel. Brent crude, the international standard, lost 27 cents to 42.89 a barrel.

The U.S. dollar inched down to 105.45 Japanese yen from 105.47 yen late Tuesday. The euro cost 1.1838, up from 1.1823.


Hero MotoCorp to commence its operations in Mexico soon
GHIAL to raise US $300 Mn through bond issue for Hyderabad airport expansion
FinMin allocates Rs 660 cr additional funds to MP for capex
Markets may remain volatile in holiday-shortened week: Analysts
Coal India says geared up to meet any surge in fuel demand from power sector
Customary 'Halwa Ceremony' kickstarts process of compilation Budget documents
Average flat size increases 10 pc in 2020 across 7 cities to 1,150 sq ft: Report
Rupee gains 6 paise to close near 5-month high of 72.99 vs USD
LT Foods acquires 30% stake in Netherlands-based organic speciality food firm
Asian shares mostly higher as Biden inauguration approaches
Draw inspiration from people 'who see the cup as half full': Nooyi to Indian students in US
Three UK partners with TCS to accelerate 5G network rollout
3 Adani Group-owned domestic airports accredited in ACI health accreditation programme
WhatsApp delays policy rollout to May 15
Strong startup ecosystem critically important for business: Nisa Godrej
Rupee recovers losses, settles 15 paise higher at 73.25 against US dollar
Big steel, cement firms operating as a cartel; need to place regulator: Gadkari
UP's New Excise Policy aims Rs 6,000 cr excess revenue next fiscal
'India ushering in rapid structural reforms to become USD 5 trn economy by 2025'
India urges WTO members to find permanent solution for public stock holding for food security
KERALA NEWS
Fire in luggage van of running train doused in time in Kerala
 Thiruvananthapuram: A fire broke out in a luggage van of a running train in Kerala on Sunday and was  
Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries
5,960 new COVID-19 cases, 27 deaths in Kerala
Kerala transport corporation MD alleges Rs 100-crore scam
INTERNATIONAL NEWS
Israel military revising operational plans against Iran
 Tel Aviv: A senior general of the Israel Army on Wednesday warned that the attack plans against Iran
France's Sanofi to boost Pfizer vaccine supply amid EU shortages
US condemns Russia's use of harsh tactics against protesters, journalists
Egypt says it has launched vaccination against coronavirus
NATIONAL NEWS
Cabinet approves MSP of Copra for 2021 season
 New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on We
Rajnath speaks to his US counterpart, the two NSAs also talk, Indo-US ties to deepen further
RJD should cancel it's proposed human chain in view of Republic Day violence: Sushil
MP government trying to crush farmers' voice: Kamal Nath
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