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Dollar Eases in Asian trade after Wall Street Slip

Dollar eases in Asian

The dollar edged down against the yen in Asian trade on Friday after uninspiring US data and a slide on Wall Street, dealers said. The greenback was changing hands at 101.52 yen in Tokyo morning trade, down from 101.70 yen in New York Thursday afternoon. The euro fetched $1.3618 and 138.26 yen against $1.3619 and 138.62 […]

Asia Shares Slip on Profit-taking as Wall St retreats

Asia shares slip

Asian markets slipped Wednesday following the previous day´s gains, while investors took their lead from losses on Wall Street as the dollar edged down against the yen. US oil prices moved higher on worries following a report that Washington had decided to start exporting crude for the first time in four decades. Tokyo slipped 0.51 percent, […]

Oil Prices Fall on Easing Iraq Supply Fears

Oil Prices

Oil prices extended losses in Asia Tuesday on fading fears that the fast-moving crisis in crude producer Iraq could result in a major supply disruption, analysts said. US benchmark West Texas Intermediate (WTI) was down 47 cents at $105.70 while Brent crude eased 19 cents to $113.93 in mid-morning trade. WTI dropped 66 cents in New […]

Oil Prices Up With Iraq Violence in Focus

Oil Prices Up

Oil prices rose in Asian trade Thursday with escalating violence in Iraq sharply in focus as militants attacked the major crude producer´s biggest refinery and seized more territory. US benchmark West Texas Intermediate (WTI) for July rose 35 cents to $106.32 while Brent crude for August gained nine cents to $114.35 in late-morning trade. WTI has […]

Ishaq Dar Gives Both Big and Small Concessions

Ishaq Dar images

After suffering opposition brickbats for a week, Finance Minister Ishaq Dar agreed in the National Assembly on Tuesday to give some both major and minor concessions in the new budget, including a Rs14 billion subsidy on phosphate fertilisers to be shared equally by the federal and provincial governments. Announcing the changes while winding up a […]

Hong Kong Stocks Open Lower

hong kong Business

Hong Kong stocks dipped 0.27 percent in the opening exchanges Tuesday, ahead of a US Federal Reserve policy meeting and as investors keep an eye on the unfolding crisis in Iraq. The benchmark Hang Seng Index dipped 63.04 points to 23,237.63 in the first few minutes of trade.   

Asian Shares Mostly Lower On Growing Iraq Crisis

Iraq crisis

Asian markets were mostly lower on Monday as a positive lead from Wall Street was trumped by fears over the growing crisis in Iraq that has sent oil prices to nine-month highs. The uncertainty fuelled by the insurgency that has seized a swathe of Iraq sent traders into safer assets, with the yen ticking higher against […]

Asian Shares Mostly Down, Focus on Iraq Crisis

Iraq crisis

Asian markets mostly fell Friday, following another Wall Street sell-off as oil prices shot up to a nine-month high on concerns about the growing crisis in Iraq. Assets considered safe options in times of uncertainty also benefited, with gold up and the yen holding on to healthy gains seen in US trade. Investors are also awaiting the […]

Oil Prices Rising in Asian Trade

Oil Prices up Asian

Oil prices rose in Asia Thursday following a surprisingly bullish US stockpiles report and on rising concerns that turmoil in Iraq will disrupt Middle East supplies. US benchmark West Texas Intermediate for July delivery rose 23 cents to $104.63 while Brent crude for July gained 40 cents to $110.35 in mid-morning trade. Singapore´s United Overseas Bank […]

Euro Dips in Asia after ECB Easing Measures

Euro

The euro dipped a touch in Asia on Friday after the European Central Bank (ECB) launched unprecedented easing measures to bolster fragile euro zone growth and prevent deflation. The single currency fetched $1.3657 in Tokyo midday trade, compared with $1.3662 late in New York but up from $1.3600 in Tokyo earlier Thursday. The euro weakened to […]

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