eMediaWorld – US Market Reports

October 12, 2011 6:58 AM25 comments
eMediaWorld – US Market Reports

With traders expressing continued optimism about the European debt crisis, stocks have moved sharply higher in early trading on Wednesday. The major averages have all shown notable moves to the upside after ending the previous session mixed. Currently, the major averages are posting strong gains, just off their highs for […]

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TSX surges 266 points on signs Europe set to tackle bank problems

October 11, 2011 12:07 PM39 comments
TSX surges 266 points on signs Europe set to tackle bank problems

TORONTO – The Toronto Stock Market was up sharply Tuesday as traders bought up stocks across all sectors on rising hopes that European leaders will strengthen eurozone banks. The S&P /TSX composite index jumped 265.59 points to 11,853.95 as traders got back to work after the long Thanksgiving weekend while […]

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Biotech SemBioSys (TSX:SBS) has joint venture deal with Chinese pharmaceutical company

8:04 AM64 comments
Biotech SemBioSys (TSX:SBS) has joint venture deal with Chinese pharmaceutical company

CALGARY – SemBioSys Genetics Inc. (TSX:SBS) said Tuesday it has signed an agreement with one of China’s largest pharmaceutical companies to sell its plant-based manufacturing technology. The Calgary company said it has a joint venture agreement with Tasly Pharmaceuticals Ltd. under which SemBioSys will be entitled to 30 per cent […]

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eMediaWorld – European Market Reports

7:58 AM39 comments
eMediaWorld – European Market Reports

Slow activity ahead of Slovakia vote Shares remain in the doldrums ahead of today’s vote in Slovakia on sanctioning the country’s commitment to a beefed-up version of the European Financial Stability Facility (EFSF). Slovakia is the only country in the 17-member Eurozone yet to ratify the retooled EFSF, and there […]

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eMediaWorld – Canadian Market Reports

7:57 AM53 comments
eMediaWorld – Canadian Market Reports

After failing to sustain an initial downward move, stocks have turned in a lackluster performance over the course of morning trading on Tuesday. The major averages have turned mixed on the day after ending the previous session sharply higher. While profit taking contributed to the initial downward move on Wall […]

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eMediaWorld – Stocks up slightly. On central banks?

7:55 AM131 comments
eMediaWorld – Stocks up slightly. On central banks?

The main US equity benchmarks are now rising slightly (Dow Jones: 1, Nasdaq Comp.: 21, S&P 500: 4), following yesterday´s strong bounce and on the heels of some uncertainty as regards the future of the EFSF in the Eurozone. There is considerable ‘market chatter’ as regards the Presidential elections next […]

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TSX opens up more than 2 percent after holiday

6:30 AM38 comments
TSX opens up more than 2 percent after holiday

Toronto’s main stock market index opened stronger, then jumped more than 2 percent on Tuesday, bolstered by a rise in global markets on Monday when the TSX was closed for the Canadian Thanksgiving holiday. The Toronto Stock Exchange ‘s S&P/TSX composite index was up 228.94 points, or 1.98 percent, at […]

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After hacking threats, NYSE site hobbled by 2 outages, firm reports, but NYSE disputes

October 10, 2011 10:22 PM37 comments
After hacking threats, NYSE site hobbled by 2 outages, firm reports, but NYSE disputes

SAN FRANCISCO – The New York Stock Exchange’s website was apparently hobbled twice Monday, possibly the result of computer attacks as part of the anti-Wall Street protests, according to a company that monitors website response times. San Mateo-based Keynote Systems Inc. said the NYSE website experienced a one-minute outage around […]

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European Market Reports – Gains lengthen

10:54 AM34 comments
European Market Reports – Gains lengthen

The talk today is all of rescue and recapitalisation in the banking world, as European stock markets continue to advance on hopes that political leaders are finally getting the message about the urgent need to do something to prevent another Lehman Brothers-like disaster. German Chancellor Angela Merkel and French president […]

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Canadian Stocks Pare Weekly Gains As Miners Slide

10:53 AM41 comments
Canadian Stocks Pare Weekly Gains As Miners Slide

Canadian stocks ended a choppy week on a fairly downbeat note Friday, paring strong gains from the previous session as energy and mining shares weakened. Despite encouraging jobs figures from the U.S. and Canada, at last check the S&P/TSX Composite Index was down 183.61, or 1.56 percent, to 11,596.46, after […]

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