Search Results for: oil prices
Asia markets mostly higher; Sharp drops 15% on takeover deal
February 26th, 2016
Asian markets were mostly higher Friday, with Japan extending gains from the previous session and Australia closing flat. Market watchers will be focused on a two-day gathering of G20 finance ministers and central bankers in Shanghai that kicked off ...
Group of Twenty IMF Surveillance Note
February 25th, 2016
The global recovery has weakened further amid increasing financial turbulence and falling asset prices. Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, especially in advanced economies, increasing the likelihood of a further ...
China shares drop, with the Shanghai Composite tumbling more than 5%
February 25th, 2016
China markets tumbled Thursday, extending a long rout, but some Asian markets posted gains following Wall Street’s reversal of sharp intraday losses overnight on the back of higher oil prices. Concerns were raised over China this week after the People’s ...
Asia trades lower as market sentiment falls, ASX slips 2%, Shanghai down 1%
February 24th, 2016
Asia stocks traded mostly down Wednesday morning, with a combination of low oil prices, concerns over China and weak overnight data weighing on market sentiment. In Japan, the benchmark Nikkei 225 retraced losses over 1.7 percent early on to trade down ...
Asia loses steam as major markets trade lower
February 23rd, 2016
Asian stocks lost momentum Tuesday, trading mostly lower as the improved market sentiment which spurred a global rally Monday appeared to fade. Chinese markets, which started trading at 9.30 a.m. HK/SIN time, stayed in negative territory in afternoon trade, ...
OECD downgrades global growth outlook
February 19th, 2016
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook. The world economy is likely to expand no faster ...
Asia trades lower as Nikkei slips 2.2%
February 19th, 2016
Major markets in Asia were mostly down on Friday, with the Japanese market falling behind its regional peers. The Japanese benchmark Nikkei 225 index shed 2.18 percent in the afternoon trade with shares broadly trading in the red. The yen strengthened ...
Boeing Chief Defends Accounting Practice
February 18th, 2016
Dennis Muilenburg ‘very confident’ in bookkeeping system days after report alleging SEC probe Boeing Co. Chief Executive Dennis Muilenburg on Wednesday defended the aerospace company’s accounting practices and corporate strategy in the wake of weeks of volatile stock movements. The company’s shares have ...
Japanese stocks lead gains in Asia on Thursday
February 18th, 2016
Japanese stocks were leading gains in Asia on Thursday despite disappointing trade figures that showed exports had fallen for a fourth straight month. The Nikkei 225 was up 2.4% in mid morning trade to 16,217.91. Rising oil prices were supporting investor sentiment ...
BlackRock hedge fund sees worst start
February 16th, 2016
Bloomberg News reports that the flagship $1.9bn Obsidian fund fell 4% in January after failing to anticipate “the extent to which markets would trade in lockstep with commodities,” according to an investor update, a copy of which was obtained by ...
