Search Results for: Oil prices
Rouble strengthens as Russia sells $80m in foreign reserves
December 30th, 2014
Russian currency is being hurt by falling oil prices and Western sanctions over Ukraine The rouble has strengthened sharply, reversing steep losses on Monday, with traders saying modest foreign-currency sales in a thin market were driving the Russian currency ...
Saudi Arabia will allow foreigners to own stakes in its listed companies
December 30th, 2014
Saudi Arabian stocks rallied yesterday amid signs that that the world’s biggest oil exporter would allow foreigners to own stakes in its listed companies by April next year. The drop in oil prices, however, may deter investment in the ...
Brent drops towards five-year low near $57, supply glut weighs
December 30th, 2014
Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a global supply glut offset concerns about output disruptions in Libyan. ...
Dollar Gains Fifth Day Versus Yen Before GDP as Aussie Weakens
December 23rd, 2014
The dollar rose for a fifth day against the yen before U.S. reports that analysts said will show economic growth was revised higher and durable goods orders increased. A gauge of the greenback climbed to a five-year high after ...
Gold inches higher on weaker dollar
December 22nd, 2014
Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal’s safe-haven appeal. Strength in oil prices also supported bullion, but gains ...
Brent climbs above $62 as Asian markets open strong
December 22nd, 2014
Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI’s broadest index of Asia-Pacific shares outside ...
Emerging market fixed-income and FX markets
December 19th, 2014
Emerging market fixed-income and FX markets are poised for a third year of volatility because of a slowing China, strengthening dollar, lower oil prices, the prospect of a US rate hike, and the shortage of investable high yielders, as ...
The Russian Riddle: An Alternative View on the Collapse of the Rouble
December 18th, 2014
Winston Churchill is famously quoted as saying that: “Russia is a riddle wrapped in a mystery inside an enigma.” The past twelve months have surely proved how right he was. The past couple of weeks have certainly not been ...
Russia’s economic crisis: five key charts
December 18th, 2014
Russia and its president, Vladimir Putin, have been left out in the economic wilderness as sanctions imposed by the west, a tanking oil price, and plunging rouble take their toll. Here are five key charts. Growth in Russia is ...
Russian Finance Ministry Starts Selling Foreign Currency in Bid to Strengthen Ruble
December 17th, 2014
The Russian ruble strengthened sharply on Wednesday in volatile trade after the Finance Ministry said it had started selling foreign currency from its leftover stock. The Russian currency has come under heavy selling pressure this week, forcing the Central ...
