Search Results for: Asian stock
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
China central bank tries to soothe global markets, says no basis for yuan to fall further
August 13th, 2015
China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As ...
Yuan cut clobbers markets, rekindles fear of forex war
August 12th, 2015
China’s 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic momentum. Wall Street ended lower as investors contemplated the implications ...
China Shares Fall; Japan Rises Ahead of U.S. Jobs Data
August 6th, 2015
Bank, energy firms pressure Australian shares China’s shares fell and bank shares pressured Australia on Thursday, but Japan’s market rose ahead of a key jobs report in the U.S. later this week. The Shanghai Composite Index was last down ...
Oil to hit low $30s by the end of 2015: Kilduff
July 31st, 2015
The prospect of oil prices falling below $40 receded earlier this year amid a crude rally, but with futures sliding again, investors shouldn’t rule out a three-handle, Again Capital founding partner John Kilduff said Thursday. “Christmas time we’ll probably ...
Gold tumbles to more than five-year low, China shares fall
July 20th, 2015
Gold tumbled to a more than five-year low Monday, and China shares drifted lower after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold GCQ5, -2.31% fell 2.3% from its opening price Monday ...
Greek Limbo Sets Up Another Monday to Watch in Markets
July 13th, 2015
Prospects for deal unsure after weekend negotiations Investors were facing another potentially manic Monday after the latest in a series of weekend twists and turns in Greece’s debt crisis. A wave of optimism buoyed stocks in Europe and the U.S. at the ...
China Shares Rise but Uncertainty Hovers
July 10th, 2015
Greece inches closer to deal with creditors, but investors are wary of sustained China recovery China shares rose Friday, and other Asian markets made tentative gains, as investors assess whether a recovery in Chinese stocks proves sustainable. The Shanghai ...
Noble Group Sets Review Panel to Check Accounting; PwC Hired
July 7th, 2015
Noble Group Ltd. appointed PricewaterhouseCoopers LLP to review how it values some of its assets after criticism of the Asian trading company’s accounting practices. PwC will “conduct an assurance review of Noble’s mark-to-market models, valuations, and governance framework,” Noble ...
Saudi banks unruffled by Greece-euro crisis
July 6th, 2015
Saudi Arabia‘s banking system remains largely insulated from the ongoing events in the euro zone, with high levels of liquidity and solid capitalization ratios, say top economists in the Kingdom. Their reaction came as early results from the referendum ...
