Saturday, September 22, 2018
TOKYO - Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in...
South African government bonds were firmer on Monday morning, extending their recent rally, as the market awaited further local developments that could provide direction. The closure of US and Chinese markets on Monday is expected to subdue trading somewhat. Locally, the week is expected to be a busy one, as...
SINGAPORE - Oil prices rose more than 1 percent on Thursday to extend gains from the previous session, lifted by a weak dollar and Saudi comments that it would rather see an undersupplied market than end a deal with OPEC and Russia to withhold production. U.S. West Texas Intermediate (WTI) crude futures...
SYDNEY - Asian share markets turned mixed on Wednesday as investor nerves were strained ahead of a U.S. inflation report that could soothe, or inflame, fears of faster rate hikes globally. Japanese demand for yen also saw the dollar break last year’s low and skid to a 15-month trough at 107.01, dragging...
If the man who called the 2015 crude collapse is right, the oil market could be the next area to see a sharp pull-back. Oil, which is seeing its best start to a year since 2006, has entered a danger zone, according to Tom Kloza of the Oil Price Information...
Political turmoil in the United States is weakening the value of American currency. Speaking at a press conference at the World Economic Forum in Davos last week, US Treasury Secretary Steven Mnuchin stated, “obviously a weaker dollar is good for us as it relates to trade and opportunities,” adding...
WALLDORF, Germany - SAP posted 2017 results on the lower side of market expectations after Chief Executive Bill McDermott had promised a “dynamite” final quarter in its cloud business, as Europe’s top technology company announced a $2.4 billion U.S. acquisition. Fourth-quarter non-IFRS operating profit rose by 6 percent in constant...
SINGAPORE - Oil prices dipped on Monday as soaring North American production was seen undermining efforts led by OPEC and Russia to tighten supplies. Despite this, traders said overall market conditions remained strong due to the production cuts and healthy demand-growth. Brent crude futures held above $70 per barrel, but were...
CHICAGO - LG Electronics Inc will raise prices of most of its washing machines in the United States, the South Korean company said on Wednesday, two days after the Trump administration slapped steep tariffs on imported large residential washing machines. The tariffs will affect most front- and top-load type washers,...
SYDNEY - Asian share markets took a time out on Wednesday as investors were left breathless at the breakneck pace of recent gains, while a fresh burst of speculative selling took the U.S. dollar to three-year lows. Most Asian stock indices are up anywhere from 5 to 10 percent since...