Search Results for: Oil price
Hungary set to cut lending rate to boost inflation
March 11th, 2016
Hungary’s central bank is set to lower its main lending rate and adjust its overnight rates to try to rekindle inflation, one of the central European country’s top central bankers said on Thursday. Adjusting the overnight rates would come ...
Asia markets erase early losses as traders digest ECB easing
March 11th, 2016
Asia markets reversed early losses to trade mostly higher on Friday, as traders digested fresh easing from the European Central Bank (ECB) overnight. The Japanese benchmark Nikkei 225 erased losses to close up 86.52 points, or 0.51 percent, at 16,938.87. The ...
IMF urges action as risks to the world economy rise
March 9th, 2016
Collective action is needed to boost the global economy, with volatile financial markets and low commodity prices creating fresh concerns about its health, the first deputy managing director of the International Monetary Fund (IMF) said on Tuesday. In a ...
Asia trades lower, with Shanghai off 2.9%, Nikkei lower by 1.3%
March 9th, 2016
Most Asian markets stumbled Wednesday, with China shares dropping sharply, as analysts pointed to renewed concerns about the mainland’s economy following lower-than-expected trade data for February. The Shanghai composite dropped 2.9 percent, while the Shenzhen composite fell 2.22 percent. Elsewhere, the Japanese benchmark Nikkei ...
Asia markets lower, ASX down 0.7%, Shanghai down 1.7%
March 8th, 2016
Markets in Asia lost ground Tuesday, stepping back from their recent rally as traders digested the weak China trade data. Angus Nicholson, a market analyst at IG, told CNBC a lot of the recent rally in stocks has been ...
Asian shares hit two-month high after solid U.S. job growth
March 7th, 2016
Asian shares hit two-month highs on Monday, extending sharp gains from last week, following upbeat U.S. jobs data, a rebound in oil and commodity prices and a flurry of reassurances from Chinese leaders that the economy would remain on ...
U.S. data flow suggests economy regaining steam
March 4th, 2016
The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend continued to point to a strengthening labor market. The labor market optimism was, however, dimmed somewhat by a survey on Thursday showing employment ...
Nigerian Official Says Some OPEC Members to Meet With Russia March 20
March 4th, 2016
Crude oil prices have plunged more than 70% since June 2014 Some members of the Organization of the Petroleum Exporting Countries are scheduled to meet with non-member Russia later in the month as part of efforts to stabilize crude ...
Major Asian markets retreat, with Shanghai down 1.4%
March 4th, 2016
Major Asian markets lost their positive momentum on Friday, largely ignoring another upward finish on Wall Street overnight. Japan’s benchmark Nikkei 225 was flat, while South Korea’s Kospi was down 0.14 percent. Chinese markets were also lower, with the Shanghai composite down 1.36 percent and ...
Gold edged higher on Thursday
March 3rd, 2016
Gold still in vogue as fund flows counter risk appetite revival * Gold has risen 17 pct this year, not far below 1-year peak * Market eyeing Friday’s U.S. nonfarm payrolls Gold edged higher on Thursday as strong inflows ...
