Business

S&P falls 1.4% in safety flight on North Korea tensions

S&P falls 1.4% in safety flight on North Korea tensions

Shane Oliver, head of investment strategy at AMP Capital in Sydney, said: "What has changed this time is that the scary threats and war of words between the USA and North Korea have intensified to the point that markets can't ignore it". On the Nasdaq, 1 378 issues rose and 892 fell. Korea's Samsung Electronics fell 2.8% Friday and was down 6.1% on the week. Kohl's also declined, sliding $3.08, or 7.3 per cent, to $38.85.


Himachal Pradesh landslide: Six killed, rescue operations underway

Himachal Pradesh landslide: Six killed, rescue operations underway

The rescue operations, which had to be stopped due to repeated landslides in the area, have started again. Indian Army personnel and members of the NDRF have been called for fast execution of the rescue operations. One of the buses was travelling to Chamba from Manali while the other was travelling to Katra in Jammu from Manali when the landslide occurred. The incident happened near Mandi-Pathankot highway on Saturday night.



Gold steady near 2-month highs on N. Korea tensions

Below that level lies another key support level for the dollar on technical charts at 108.13 yen, a trough the greenback touched in mid-April. The ongoing political crisis that has seen North Korea state it was seeking to strike the US Pacific island territory of Guam within days, prompted gold speculator Dennis Gartman, editor and publisher of The Gartman Letter to say he believed gold was on the cusp on a significant break out.


Korean shares end lower on foreign selling amid tensions over N. Korea

Korean shares end lower on foreign selling amid tensions over N. Korea

The Nasdaq Composite Index climbed 39.68 points, or 0.6%, to close at 6,256.56. On Thursday, the Dow Jones index dropped 0.9 percent, or 204,69 points, to 21 844,01. Significant strength is also visible among computer hardware stocks, as reflected by the 1.1% advance by the NYSE Arca Computer Hardware Index. RETAIL SLUMP: Disappointing quarterly results from big department store chains put investors in a selling mood.


Uber investors seek to oust Benchmark after 'destructive' lawsuit

Uber investors seek to oust Benchmark after 'destructive' lawsuit

Ryan Graves told Uber staff in an email Thursday that he will transition out of his role as senior vice president of global operations in mid-September. 'Travis will continue to act in the interests of Uber and all of its stakeholders and is confident that these entirely baseless claims will be rejected, ' the statement said.


'N.Korean missiles can reach Guam in 14 minutes'

'N.Korean missiles can reach Guam in 14 minutes'

Guam, a 210-square-mile island, is a USA territory in the Pacific Ocean. Gov. Eddie Calvo and Guam Homeland Security Advisor George Charfauros on Wednesday noted the defense systems put in place in the region, such as the Terminal High Altitude Area Defense, or THAAD , missile system permanently stationed at Andersen Air Force Base .