Search Results for: Hong Kong
Asian shares edge down, oil rises as crude inventories decline
December 3rd, 2014
The dollar marked a fresh seven-year high against the yen on Wednesday, which helped lift the Nikkei to a similar record, while oil prices recovered after data showed a drop in U.S. supply. MSCI’s broadest index of Asia-Pacific shares ...
Commodities Retreat to Five-Year Low as Oil Tumbles With Bullion
December 1st, 2014
Commodities fell to the lowest in five years as oil sank on prospects for a glut, gold fell after Swiss voters rejected a move to force the central bank to buy bullion and data from China confirmed a slowdown ...
Goldman, BASF, HSBC accused of metals price fixing: U.S. lawsuit
November 28th, 2014
Goldman Sachs Group Inc (GS.N), Germany’s BASF(BASFn.DE) and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff’s law firm called the first nationwide class action over alleged price-fixing of the metals. In a ...
OPEC inaction halts Europe rally; dollar firms
November 28th, 2014
Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude LCOc1 touched a low of $71.12 a barrel after settling at ...
China’s Stocks Head for Biggest Weekly Gain in Three Years
November 28th, 2014
China’s benchmark stock index headed for its biggest weekly advance in three years on optimism a slide in oil prices will reduce costs for transport companies and the central bank may continue to loosen monetary policy. China Everbright Bank ...
Gold Extends Slide to Lowest in Week as Silver, Platinum Decline
November 27th, 2014
Gold fell to the lowest level in a week as assets in the largest exchange-traded product backed by the metal shrank to the smallest in more than six years. Silver, platinum and palladium decreased. Bullion for immediate delivery lost ...
The Abundant Commodity That’s Becoming Harder to Find
November 27th, 2014
Bauxite, one of the most common ores in the earth’s crust, is growing scarce. It’s been 10 months since Indonesia banned exports of bauxite, used to extract aluminum, in a bid to transform its mining industry, and the global market is still ...
Santos Flags ‘Prudent’ Capital Raising After Oil Price Falls
November 26th, 2014
Santos Ltd. (STO), set to start output at its $18.5 billion natural gas project in the second half of next year, is studying a sale of hybrid notes in European markets after a slide in oil prices. “It’s prudent capital management to ...
European Bonds Gain With Stocks as Aussie, Kiwi Decline
November 25th, 2014
Bonds rose and European stocks gained for a third day on prospects for more stimulus as inflation slows. Brent crude traded near a four-year low before a meeting of oil exporters and currencies from commodity-producing nations weakened. Spain’s 10-year ...
Yen Strengthens on Kuroda Comments as Energy Stocks Slip
November 25th, 2014
Japan’s yen climbed after a speech by central bank Governor Haruhiko Kuroda, and the cost of insuring Japanese debt against default fell the most in two weeks. Asian energy producers retreated as oil held declines before a meeting of ...
