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US stocks soar as Ukraine tensions ease

US stocks soared on Tuesday and investors pushed the S&P 500 to its second record close in three days on signs of easing tensions over Ukraine. The Dow Jones Industrial Average surged 227.85 points (1.41 percent), finishing at 16,395.88. The broad-based S&P 500 advanced 28.18 (1.53 percent) to 1,873.91, exceeding by far Friday's record of 1,859.45. The tech-rich Nasdaq Composite Index blasted its way to 4,351.97, up 74.67 (1.75 percent).

US stocks soar as Ukraine tensions ease

US stocks soared on Tuesday after Russia pulled back troops from the border with Ukraine and President Vladimir Putin played down the option of sending troops into the ex-Soviet state. At the closing bell, the Dow Jones Industrial Average surged 224.10 points (1.39 percent) to 16,392.13. The broad-based S&P 500 advanced 27.86 (1.51 percent) to 1,873.59, while the tech-rich Nasdaq Composite Index blasted its way to 4,351.98, up 74.68 (1.75 percent). bur-vs/pmh

Tokyo stocks open down 1.17%

Tokyo stocks opened down 1.17 percent on Monday amid rising tensions over Ukraine. The Nikkei-225 index was down 174.14 points to 14,666.93 at the start. Geopolitical tensions in Ukraine are boosting safe havens such as the Japanese yen, which is pressuring Japanese stocks, brokers said. Russia's parliament voted Saturday to allow President Vladimir Putin to send troops into the ex-Soviet state -- a decision condemned by the United States as a "violation of Ukrainian sovereignty".

US stocks rise despite weak data, Ukraine tensions

US stocks closed out a buoyant February with a fresh record for the S&P 500 as bullish sentiment dominated trade despite mediocre economic data and rising tensions over Ukraine. The S&P 500 was the week's star, notching consecutive records Thursday and Friday and finishing up 23.2 points (1.26 percent) at 1,859.45. The Dow Jones Industrial Average rose 218.41 (1.36 percent) on the week to 16,321.71, while the tech-rich Nasdaq Composite Index tacked on 44.71 (1.05 percent) to 4,308.12.

Toronto stock market closes little changed amid generally positive economic data

TORONTO - The Toronto stock market closed little changed Friday as late-day caution about unrest in Ukraine competed with a mixed bag of economic data from Canada and the United States. The S The Canadian dollar was up 0.5 of a cent to 90.3 cents US after Statistics Canada reported that fourth-quarter economic growth came in at an annualized pace of 2.9 per cent.

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US stocks Friday finished mostly higher with the S&P 500 hitting a new record, even as the tech-rich Nasdaq Composite Index declined on profit taking. The Dow Jones Industrial Average rose 50.60 points (0.31 percent) to 16,323.25, while the S&P 500 tacked on 5.17 (0.28 percent) at 1,859.46, setting a new closing record. But the Nasdaq shed 10.81 (0.25 percent) at 4,308.10, stepping back after hitting a 14-year high Thursday.

China's COFCO to acquire 51% of commodity trader Nidera

China's state-owned grain giant COFCO said Friday it had bought a majority stake in Netherlands-based commodity trader Nidera for a reported $1.2 billion, as it seeks to become a global player in agribusiness. COFCO's deal to buy 51 percent of Nidera, which trades grains and soybeans among other agricultural commodities, is the latest in a string of major overseas investments by Chinese companies seeking to meet rising demand for food and energy in the world's second-largest economy.

China's COFCO to acquire 51% of commodity trader Nidera

China's state-owned grain giant COFCO said Friday it had bought a majority stake in Netherlands-based commodity trader Nidera for a reported $1.2 billion, as it seeks to become a global player in agribusiness. COFCO's deal to buy 51 percent of Nidera, which trades grains and soybeans among other agricultural commodities, is the latest in a string of major overseas investments by Chinese companies seeking to meet rising demand for food and energy in the world's second-largest economy.

Tokyo stocks close 0.55% lower

Tokyo stocks closed 0.55 percent lower Friday after the dollar fell against the yen on a cautious view of the US economy by Federal Reserve chief Janet Yellen. The Nikkei-225 index dropped 82.04 points to 14,841.07, while the Topix index of all first-section issues lost 0.47 percent, or 5.69 points, to 1,211.66. Yellen told the Senate Banking Committee that a severe cold snap was to blame for a disappointing run of economic data over the past two months, including on jobs, industrial output and consumption.

Tokyo stocks open flat

Tokyo stocks were almost flat in opening trade Friday after US central bank chief Janet Yellen reiterated her hopeful-but-watchful view on the economy, lifting US stocks but keeping the dollar in check. The Nikkei-225 index was down 0.03 percent, or 3.91 points, to 14,919.20 in the first 20 minutes. Speaking before the Senate banking committee, Yellen on Thursday acknowledged signs of softness in the economy.
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