World Stock Markets News Page 3

As reported by the BBC, twin brothers from the UK are facing US civil charges for supposedly swindling investors out of $1.2 million (£745,000) through a sham stock-picking robot. Thomas and Alexander Hunter, from Whitley Bay, North Tyneside, were just 16 when, in 2007, they invented the robot scheme, dubbed Marl, report US officials. The...

As reported by the BBC, Myanmar is to have a new stock exchange, as Daiwa Securities and the Tokyo Stock Exchange received preliminary authorization to help establish it. A Daiwa spokesperson says it will work with Myanmar’s central bank to set up the exchange before 2015. Myanmar, formerly known as Burma, is seeking to lure more...

As reported by the BBC, US shares gained value on Wednesday after a losing streak of five sessions in row. The Dow Jones index also went up 0.7%, helped by positive results from the aluminium maker, Alcoa, which caused a 6% increase in its shares. EU markets also went higher on Wednesday, making a small recovery from Tuesday's big losses....

As reported by the BBC, Japanese stocks dropped for the seventh session in a row as new fears about the health of the global economy initiated a global sell-off. Shedding 0.8% was the Nikkei 225 index, while Australia's ASX 200 and Hong Kong's Hang Seng also dropped by 1%. Worries about the EU debt crisis and the American economic recovery...

As reported by Arab News, King Abdullah of Saudi Arabia has called for tough new measures against any potential manipulation of the stock market. The move was much welcomed by Saudi-based shares analysts yesterday. A spokesperson at the Capital Market Authority (CMA) has refused to comment on allegations that its Chairman Abdulrahman...

As reported by the BBC, world stock markets have dropped on fears over the health of the US and EU economies. In Europe, shares dropped after a unsatisfactory Spanish bond sale. French and German shares fell nearly 3%. The European Central Bank says it will not roll back austerity measures to tackle the EU debt crisis, which is adding to...

As reported by the Guardian, fast food giant Burger King, which is overhauling its stores and menus, has announced its intentions to be relisted on the NY stock exchange before July. The New York-based investment company 3G Capital stated it was selling a 29 percent stake in the globe’s second biggest burger chain for $1.4 billion (£880...

As reported by the San Francisco Chronicle, European debt worsened again as a worry over Wall Street drove stocks to their biggest loss in a month. The Dow Jones industrial lost 125 points, while the price of gold plummeted to its lowest since January. This is the second time in 2012 the Dow has seen a triple-digit decline, with the average...

As reported by The Advertiser, the stock market has just seen its best first quarter performance in 14 years. The optimistic figures have sent Wall Street analysts, many of whose predictions seemed too sunny about three months ago, hurrying to raise their approximations for the year. Robert Doll, who is chief equity investment manager with...

As reported by the BBC, Randgold Resources shares have dropped nearly 13 percent following Mali’s military coup. The firm has three gold mines in the country, which account for the majority of its gold production. The firm says operations at Gounkoto and Loulo, as well as its Morila joint venture, are running normally. Renegade soldiers...