Search Results for: Oil price
Global Crisis: Goldman Sachs Says That Brazil Has Plunged Into ‘An Outright Depression’
December 2nd, 2015
One of the most important banks in the western world says that the 7th largest economy on the entire planet has entered a full-blown economic depression. Brazil’s economy has now contracted for three quarters in a row, and many ...
Chinese stocks rally on rumored mortgage tax break
December 2nd, 2015
Chinese markets rallied Wednesday afternoon on speculation of an upcoming incentive to be announced by Beijing to boost the country’s lagging property market. Elsewhere, other Asian equities ended lower on Wednesday as sentiment remained shaky in the region, with ...
Chinese Stocks: Brokerage Probes Weigh on November Stock Gains
December 1st, 2015
Three of China’s largest brokerages said they were under investigation for suspected violations of margin-trading rules A widening Chinese investigation into what officials have deemed suspicious or illegal trading activity has put the brakes on a rebound in the Shanghai Composite ...
Brent crude dips on firm dollar ahead of OPEC meeting
November 30th, 2015
Brent crude futures dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected U.S. interest rate hike strengthened the dollar. Oil prices are heading for declines of as much ...
Asia shares fall on China caution, yuan jumpy ahead of IMF decision
November 30th, 2015
Asian shares fell on Monday as Chinese stocks extended last week’s sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies. MSCI’s ...
China Shares Fall Sharply as Regulators Investigate Brokers
November 27th, 2015
Chinese officials have ramped up scrutiny of the securities industry Chinese authorities’ investigations into two major Chinese brokerages over suspected violations drove shares in Shanghai sharply lower Friday. The Shanghai Composite Index fell 4.6% to 3468.13, wiping out most ...
Don’t expect Saudi Arabia to back down when OPEC meets
November 26th, 2015
Cartel may ‘splinter as each country has different agendas and priorities’ Despite a nearly 30% fall in oil prices since a June meeting, don’t expect the Organization of the Petroleum Exporting Countries’ top exporter, Saudi Arabia, to back down ...
OPEC Seen Holding the Line as $40 Crude Looms Over Vienna
November 24th, 2015
All 30 analysts surveyed see OPEC policy unchanged on Dec. 4 Saudi strategy taking effect even as other members protest It’ll take more than $40 crude to make OPEC change its mind, analysts said before the group’s Dec. 4 ...
HSBC cuts UAE retail, commercial bank jobs
November 23rd, 2015
HSBC has cut jobs in its retail and commercial banking units in the United Arab Emirates (UAE) as the bank prepares for lower growth in the Gulf Arab state next year, a source familiar with the matter said on ...
ASX, Kospi maintain winning run; Fed-watch continues
November 23rd, 2015
Asian markets continued to trade mixed on Monday afternoon, following a rally on Wall Street last week as investors continue to look out for comments from central bankers on the trajectory of U.S. monetary policy. Major U.S. indices ended ...
