Search Results for: Oil
Asian Markets Ride Tide of Strong U.S. Growth
August 28th, 2015
Shares in China, Japan continue streak of gains Asian markets rose Friday as renewed optimism about the U.S. economy and China’s recent stock gains offset worries about global growth. The Shanghai Composite Index opened up 1.4%, adding to its ...
US economic growth revised up sharply to 3.7%
August 27th, 2015
The US economy grew by far more than previously thought between April and June, revised figures have shown. The economy grew by an annualised rates of 3.7%, up from the first estimate of 2.3%. Growth of 0.6% in the ...
Greek bourse calms down after rocky start – Tsipras Risks a Fragmented Parliament
August 27th, 2015
Following the roller-coaster ride during the first two sessions of the week, trading was stable on the Athens Stock Exchange on Wednesday. The general index moved up just 0.16 percent to 622.72 points. Turnover, however, was down considerably on ...
U.S. Stocks Come Charging Back
August 27th, 2015
Six-day losing streak ends as Fed official calls case for September rate increase ‘less compelling’ Stocks snapped a six-day losing streak Wednesday, soaring by the highest percentage in nearly four years amid signs of strength in the U.S. economy ...
Gold coasts along as stocks perk up, possible Fed hike delay supports
August 27th, 2015
Gold in tight range after three-day slide Fed’s Dudley says Sept rate rise “less compelling” Coming up: U.S. Q2 GDP second estimate at 1230 GMT (Adds analysts’ comments, updates prices) Gold steadied on Thursday after suffering its biggest fall ...
$354 billion foreign exchange reserves too small to fight a crisis: World Bank
August 27th, 2015
“In today’s world where China has $4 trillion in foreign exchange reserves, $354 billion is not enough in case an exchange rate-related issue breaks out.” World Bank chief economist Kaushik Basu on Wednesday said the $354 billion of forex war-chest ...
Gold Prices Prove Solid as Major Chinese Stock Indices Hit their Lowest Level since December
August 26th, 2015
Gold prices quickly touched a new 7-week high of $1169 per ounce on Tuesday morning in London, while European and US stock market indices bounced back after the shockwaves sent by the recent sharp decline of Chinese equities. Silver fell ...
Nasdaq poised to launch FX trading platform: top executive
August 26th, 2015
Nasdaq (NDAQ.O) is poised to launch a platform for foreign exchange trading which it says would make the $5 trillion-a-day global market more transparent and would diversify its own business, a top executive from the stock market operator said. ...
China shares rise amid sharp volatility
August 26th, 2015
Chinese shares were up amid volatile trade as traders gauge the effect of a fresh rate cut by the central bank. The mainland’s benchmark Shanghai Composite was 3.1% higher at 3,054.97, recovering from early morning losses. The index had ...
UAE’s introduction of VAT will bolster the country’s global competitiveness
August 25th, 2015
The announcement of the planned introduction of a federal value-added tax (VAT) and a corporate tax in the UAE has stimulated a lot of discussion on what this means for the country and its residents. I have a slightly different view ...
