Friday, August 17, 2018
TOKYO - A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict. Spreadbetters expected European stocks to open slightly higher, with Britain’s FTSE rising 0.1 percent,...
NEW YORK - U.S. government debt supply will likely continue to boom, but bond market investors seem to be taking it in stride. The Treasury Department is having to sell more debt to finance the government’s ballooning deficit, stemming from the massive federal tax overhaul in December and the spending...
LONDON - World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country’s banks sold off on signs of renewed government tensions in Rome. The MSCI All-Country World Index, which tracks shares in...
LONDON - Fears of an escalating trade dispute between the United States and China spread from Asian markets to Europe on Thursday, triggering a fall in bonds yields and stocks, particularly among exporters. Germany’s blue-chip index DAX, which is seen by as trade war proxy, fell 1.1 percent about an hour...
TOKYO - Brent crude led oil prices higher on Thursday, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. Brent crude futures had risen 42 cents, or 0.6 percent,...
TOKYO - Oil prices were mixed on Tuesday as benchmark Brent crude rebounded from earlier losses with market participants divided in their concerns amid rising tensions between the United States and OPEC producer Iran and signs of oversupply. Brent crude oil was up 6 cents at $73.12 a barrel by...
   WASHINGTON/KANSAS CITY - The Trump administration on Tuesday said it will use a Great Depression-era program to pay up to $12 billion to help U.S. farmers weather a growing trade war with China, the European Union and others that the president began. It is a clear signal the U.S. President Donald Trump...
  BEIJING - China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after Washington said it was monitoring the currency’s weakness amid the escalating bilateral trade row. The Chinese Foreign Ministry also...
LONDON - The Chinese yuan slid to its lowest in more than a year on Friday, further undermining global sentiment and stoking worries Beijing’s currency management could be the next flash point in a trade dispute with the United States. The yuan slid as low as 6.8128 to the...
Financial inclusion in Nigeria is regressing as the regulator disabled network operators from applying for mobile-money licenses which allows cash transfers without a bank account. Every few days, Tasiu Abdurrahman takes the money he makes from selling spices in Nigeria’s biggest northern city and buries it in his yard. The 55-year-old...