Search Results for: oil
Brent Slightly Up Over Unexpected OPEC-Russia Meet
February 16th, 2016
Oil has risen 2 percent since this morning on speculation ahead of a meeting tomorrow in Doha among ministers from Saudi Arabia, Russia, Qatar and Venezuela. After-hours Brent crude trading today gained more than 60 cents, rising to more than ...
Bank of Japan launches negative rates, already dubbed a failure by markets
February 16th, 2016
The Bank of Japan‘s negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo’s lack of options to spur growth as global markets sputter. The central bank, ...
KPMG forecasts more pain for Dubai housing
February 15th, 2016
House prices in Dubai will continue to suffer this year as cheap oil and the strong US dollar push properties beyond the means of many overseas investors, according to the latest report from consultants KPMG. The low global price ...
Here’s what the future of bitcoin looks like — and it’s bright
February 15th, 2016
Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this ...
Nikkei surges 7%, Topix up 8.3%; China lose ground
February 15th, 2016
Asian stocks mostly climbed on Monday, with Japan shares surging after last week’s sharp selloff. But China’s shares lost ground as its markets re-opened after the week-long Lunar New Year holiday. The Nikkei 225 retraced losses some of Friday’s losses, jumping ...
Reversal Of Fortunes: Capital Pours Out Of Banks And Into Gold
February 12th, 2016
For banks, the recent news is pretty grim. But it’s about to get much worse, based on the following: Yield Curve Flattens: Now 10-Year Yields Just 1% More than 2-Year (Barrons) – Ye olde yield ...
Asian markets: Japan’s Nikkei slides further amid concerns over European banking sector
February 12th, 2016
While China’s Shanghai Composite remained closed for the Lunar New Year holiday, the majority of stock indices across Asia including Japan’s Nikkei 225 were trading lower on 12 February. This followed a negative Wall Street and FTSE close overnight, ...
Dollar on track for steep weekly losses
February 12th, 2016
The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese markets were closed for a ...
Bear Market Descends on Global Stocks
February 12th, 2016
The MSCI All-World Index falls 20% from its May 2015 record Retreat is biggest since selloff during 2011 Europe crisis The yearlong decline in global equities that started with a selloff in energy became a full-blown bear market Thursday ...
Shock slump in European industry bodes ill
February 11th, 2016
Europe‘s top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday’s industrial output data for Britain, France and Italy ...
