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Business

Markets shiver but don't catch cold over Italian political turmoil

Markets were a little edgy at the opening - the Milan stock exchange fell as much as 2 percent - but most investors don't expect the country will leave the euro zone.

Markets were a little edgy at the opening - the Milan stock exchange fell as much as 2 percent - but most investors don't expect the country will leave the euro zone.

News

Dow Jones surges to record high

The leading US index rallies instead of the expected Trump post-election meltdown. Shares in banks, construction and defence rise, tech shares fall.

The leading US index rallies instead of the expected Trump post-election meltdown. Shares in banks, construction and defence rise, tech shares fall.

Business

US presidential election: markets vote for the status quo

With the United States set to elect a new president, Business Line looks at the economic background to the vote and its consequences.

With the United States set to elect a new president, Business Line looks at the economic background to the vote and its consequences.

Business

Wall Street not fussed by latest Clinton email probe

US financial markets showed little reaction to the FBI investigating more emails linked to Hillary Clinton's use of a private computer server.

US financial markets showed little reaction to the FBI investigating more emails linked to Hillary Clinton's use of a private computer server.

Business

Samsung gives latest cost estimates for Note 7 disaster

Samsung says will take a hit to its operating profit of about 2.7 billion euros in the next two quarters from scrapping the Note 7 smartphone.

Samsung says will take a hit to its operating profit of about 2.7 billion euros in the next two quarters from scrapping the Note 7 smartphone.

Business

Snapchat moves closer to shares sale

Snapchat has moved closer to an initial public offering of shares having reportedly chosen Morgan Stanley and Goldman Sachs to run the sale.

Snapchat has moved closer to an initial public offering of shares having reportedly chosen Morgan Stanley and Goldman Sachs to run the sale.

Business

Pound hammered by flash crash

The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash.

The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash.

Business

Rollercoaster Friday for Deutsche Bank on settlement fears and hopes

Deutsche Bank's shares bounced back on Friday after a media report it was close to settling with US authorities over alleged misselling of mortgage-backed securities.

Deutsche Bank's shares bounced back on Friday after a media report it was close to settling with US authorities over alleged misselling of mortgage-backed securities.

Business

Commerzbank's shares slip despite restructuring

Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings.

Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings.

Business

Scepticism mounts over OPEC production cut move

Oil producers in the OPEC cartel have agreed they need to cut production to address a supply glut and lift prices - but the devil is in the details.

Oil producers in the OPEC cartel have agreed they need to cut production to address a supply glut and lift prices - but the devil is in the details.

Business

Close race for the White House spooks financial markets

Wall Street was lower on Monday, ahead of the first debate between Clinton and Trump, with investors concerned about how close the race is.

Wall Street was lower on Monday, ahead of the first debate between Clinton and Trump, with investors concerned about how close the race is.

Business

European markets hit by worries over US rate hike timing

Monday was a rough day for the world's financial markets amid fears that the Federal Reserve could raise interest rates again as early as next week.

Monday was a rough day for the world's financial markets amid fears that the Federal Reserve could raise interest rates again as early as next week.

Business

Samsung shares rise despite massive Note 7 smartphone recall

Samsung Electronics' shares rose on Monday despite the anticipated losses from the recall of 2.5 million Note 7 smartphones in 10 countries after the batteries in some caught fire or exploded.

Samsung Electronics' shares rose on Monday despite the anticipated losses from the recall of 2.5 million Note 7 smartphones in 10 countries after the batteries in some caught fire or exploded.

Business

Shares rise, pound drops on UK stimulus measures

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

Business

Turkish president dismisses S&P ratings cut

Ratings agency S&P has cut Turkey's credit rating due to rising political uncertainty. President Recep Tayyip Erdogan said domestic and international investors shouldn't be concerned.

Ratings agency S&P has cut Turkey's credit rating due to rising political uncertainty. President Recep Tayyip Erdogan said domestic and international investors shouldn't be concerned.

Business

Unilever and Roche results better than expected

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Business

Bank of England: fighting the Brexit blues

In this edition of Business Line we look at the role of Bank of England governor Mark Carney as he tries to calm the financial world following the Brexit vote.

In this edition of Business Line we look at the role of Bank of England governor Mark Carney as he tries to calm the financial world following the Brexit vote.

Business

Japan's Abe speaks on Brexit concerns

Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help its economy grow.

Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help its economy grow.

Business

London Stock Exchange - Deutsche Boerse merger under threat from Brexit

Britain's vote to leave the European Union is threatening the planned merger between the London Stock Exchange and Germany's Deutsche Boerse though the LSE says it remains on track.

Britain's vote to leave the European Union is threatening the planned merger between the London Stock Exchange and Germany's Deutsche Boerse though the LSE says it remains on track.