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Trillion dollar wipeout: world stocks’ worst first half since 2010

LONDON: If last year’s financial markets boom was down to a ‘Goldilocks’ global economy, 2018 has so far been all about the bears, with the worst start to a year for world stocks since 2010. A grizzly mix of U.S.-China trade tensions, central banks turning off the money taps and cooling growth in hotspots including Europe has wiped a trillion dollars off MSCI’s 47-country world index. A pumped-up dollar, which has had its best first half in three years, and a 16 percent leap in oil prices have played a big role too…

Global Markets: Stocks, dollar steady after US-North Korea summit

NEW YORK: World stock markets were little changed on Tuesday while the US dollar fell slightly against an index of major currencies, as investors brushed aside a long-awaited US-North Korea summit aimed at denuclearizing the Korean peninsula. US President Donald Trump and North Korean leader Kim Jong Un met in Singapore, pledging to work toward complete denuclearization, while Washington committed to providing security guarantees for its old enemy. The MSCI all-country world index, which tracks shares in 47 countries,…

Warren Buffett: I bought $12 billion of stock after Trump won

WASHINGTON: The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks. Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election. In an interview with talk show host Charlie Rose that aired on Friday night, Buffett suggested that Berkshire's post-election stock purchases overall were even higher, reflecting…

Asia stocks shaky as FBI review of Clinton emails rattles markets

SINGAPORE: Most Asian stocks struggled higher on Monday but investors were rattled by news that the FBI is planning to review more emails related to Democratic presidential candidate Hillary Clinton's private server, just a week before the election. European markets also looked set for a shaky start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100, France's CAC 40 and Germany's DAX <.GDAXI to all open down 0.1 percent. Federal investigators have secured a warrant to examine newly discovered…

Pakistan stocks end lower

KARACHI: Country stocks closed lower on Monday as investors anticipated the introduction of additional taxes for those who do not file income tax in the country's budget announcement later this week, dealers said.