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Thursday 31, July 2014

 
 
 




 

Market


Unilever sales growth hurt by slowing emerging market

By: Web Desk, Uploaded: 24th July 2014

Unilever sales growth hurt by slowing emerging market LONDON: Unilever  missed second-quarter sales estimates on Thursday, citing a slowdown in emerging markets and continuing malaise in developed markets. The Anglo-Dutch maker of Ben & Jerry’s ice cream, Dove soap and Lipton tea said underlying sales – which exclude the impact of foreign exchange, acquisitions and disposals – rose 3.8 percent, compared to analysts’...


Oil prices up in Asian trade

By: Web Desk, Uploaded: 24th July 2014

Oil prices up in Asian trade SINGAPORE:Oil prices rose in Asia Thursday after the United States reported a large decline in its crude inventories, indicating strong demand in the world’s biggest economy. US benchmark West Texas Intermediate for delivery in September was up two cents at $103.14 a barrel in mid-morning trade, while Brent crude climbed eight cents to $108.11. The...


Oil extends losses in Asian trade

By: Web Desk, Uploaded: 23rd July 2014

Oil extends losses in Asian trade SINGAPORE: Oil extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased. Israel´s operation against Hamas militants in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the...


Asian shares extend gains on Wall St rally, euro sinks

By: Web Desk, Uploaded: 23rd July 2014

Asian shares extend gains on Wall St rally, euro sinks HONG KONG: Asian markets rose Wednesday, adding to the previous day´s rally, following a positive lead from Wall Street while concerns over the Ukraine air crash crisis ease. The euro was wallowing at multi-month lows against the dollar and yen as the West considers another round of sanctions against Russia for its support of Ukrainian...


Yen advances in Asian trade

By: Web Desk, Uploaded: 21st July 2014

Yen advances in Asian trade SINGAPORE- The yen strengthened in Asia Monday as investors sought out lower-risk investments as a hedge against geopolitical uncertainty fuelled by the MH17 tragedy and Israel’s ground offensive in Gaza, analysts said. The dollar bought 101.26 yen in midday trade against 101.36 yen on Friday in New York, while the euro fetched 137.040 yen compared...


Dollar recedes in Asia after recent pick-up

By: Web Desk, Uploaded: 17th July 2014

Dollar recedes in Asia after recent pick-up TOKYO:The dollar retreated in Asia Thursday after rallying in the previous session in response to an upbeat US Federal Reserve economic report and better than-expected Chinese growth figures. In midday Tokyo trading, the greenback fetched 101.52 yen, against 101.69 yen in New York Wednesday. The euro edged up to $1.3539 from $1.3524, while the single...


Oil prices up on US demand hopes

By: Web Desk, Uploaded: 17th July 2014

Oil prices up on US demand hopes SINGAPORE- Oil prices extended gains in Asia Thursday after a bullish US stockpiles report raised hopes of resurgent demand in the world’s top crude consumer, analysts said. US benchmark West Texas Intermediate for August delivery rose 24 cents to $101.44 while Brent crude for September gained two cents to $107.19 in afternoon trade. WTI surged...


Dollar rises in Asia on Fed chief rate comments

By: Web Desk, Uploaded: 16th July 2014

Dollar rises in Asia on Fed chief rate comments TOKYO- The dollar rose in Asia on Wednesday as the head of the US Federal Reserve indicated that interest rates could rise earlier than expected if the world’s biggest economy continues to pick up pace. In Tokyo afternoon trade, the dollar bought 101.73, up a tad from 101.67 yen late in New York and 101.50...


Dollar rises in Asia on Fed chief rate comments

By: Web Desk, Uploaded: 16th July 2014

Dollar rises in Asia on Fed chief rate comments TOKYO: The dollar rose in Asia on Wednesday as the Fed chief said the central bank would keep its near-zero rate policy in place, but hinted that interest rates could rise earlier than expected. In Tokyo morning trade, the dollar bought 101.73, up a tad from 101.67 yen in New York and 101.59 yen in...


Dollar, euro hold gains against yen after BoJ meeting

By: Web Desk, Uploaded: 15th July 2014

Dollar, euro hold gains against yen after BoJ meeting TOKYO: The dollar and euro  maintained recent gains against the yen on Tuesday after the Bank of Japan held off expanding its huge stimulus programme. After a two-day meeting the central bank said the world’s number three economy was recovering despite activity taking a hit from an April sales tax hike. The dollar fetched 101.61...


GLOBAL MARKETS-Asian shares gain, count on Fed’s support

By: Web Desk, Uploaded: 15th July 2014

GLOBAL MARKETS-Asian shares gain, count on Fed’s support TOKYO: Asian shares rose on Tuesday after Citigroup’s earnings and a fresh round of merger and acquisition activity in the U.S. healthcare sector lifted global stock prices. Yet, with elevated prices on Wall Street and elsewhere relying substantially on support from low interest rates, many investors were now focusing on Federal Reserve Chair Janet Yellen’s...


Dollar, euro hold gains against yen after BoJ meeting

By: Web Desk, Uploaded: 15th July 2014

Dollar, euro hold gains against yen after BoJ meeting TOKYO- The dollar and euro maintained recent gains against the yen on Tuesday after the Bank of Japan held off expanding its huge stimulus programme. After a two-day meeting the central bank said the world’s number three economy was recovering despite activity taking a hit from an April sales tax hike. The dollar fetched 101.61...


Oil prices rebound in Asia

By: Web Desk, Uploaded: 14th July 2014

Oil prices rebound in Asia SINGAPORE- Oil rebounded in Asia Monday on bargain hunting following sharp falls last week stoked by the prospect of a revival in Libyan supplies. US benchmark West Texas Intermediate for August delivery was up nine cents to $100.92 in mid-morning trade. It declined $2.10 in New York trade Friday. Brent crude for August advanced 18...


Yen weakens in Asia as Bank of Japan starts meeting

By: Web Desk, Uploaded: 14th July 2014

Yen weakens in Asia as Bank of Japan starts meeting TOKYO- The yen weakened in Asian trade Monday as the Bank of Japan kicked off a two-day policy meeting, with investors also eying testimony from the head of the US Federal Reserve this week. In Tokyo midday trading, the greenback rose 101.37 yen, up from 101.23 yen in New York on Friday, while the euro...


GLOBAL MARKETS-Asian shares nudge higher, oil nurses losses

By: Web Desk, Uploaded: 14th July 2014

GLOBAL MARKETS-Asian shares nudge higher, oil nurses losses SYDNEY: Asian share markets edged higher on Monday as euro zone banking jitters faded, to be replaced by caution ahead of corporate earnings and a raft of global economic events including testimony from the head of the Federal Reserve. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, with Seoul putting on...


US stocks end week lower as market eyes earning

By: Web Desk, Uploaded: 12th July 2014

US stocks end week lower as market eyes earning NEW YORK: US stocks retreated this week following a light calendar of economic news punctuated by a brief mid-week swoon over troubles at a leading Portuguese bank. Equities scored modest gains Friday, partially offsetting the losses from the prior day when worries about Portugal’s banking system rocked the market. But Friday’s increases were not enough...


US stocks end with modest losses after early plunge

By: Web Desk, Uploaded: 11th July 2014

US stocks end with modest losses after early plunge NEW YORK: US stocks recovered from a sharp opening fall sparked by a Portugal bank scare and general investor caution to end with modest losses Thursday. After the initial reaction, traders appeared to discount the potential impact of problems in Lisbon-based Banco Espirito Santo, which sent shudders through European financial markets. At the closing bell,...


Dollar weakens in Asia after Fed minutes

By: Web Desk, Uploaded: 10th July 2014

Dollar weakens in Asia after Fed minutes TOKYO- The dollar eased in Asia Thursday as minutes from the Federal Reserve’s June meeting suggested interest rates would stay low well into next year. Indonesia’s rupiah rallied as several polls indicated the pro-business candidate is set to become the next president of Southeast Asia’s biggest economy. In Tokyo afternoon trading, the greenback fetched 101.53...


Oil prices down in Asia

By: Web Desk, Uploaded: 10th July 2014

Oil prices down in Asia SINGAPORE- Oil prices fell in Asia Thursday following a mixed US supply report and easing concerns over tensions in the Middle East, analysts said. US benchmark West Texas Intermediate for August delivery declined 49 cents to $101.80 while Brent crude dipped 13 cents to $108.15 in afternoon trade. “Oil tumbled as a rise in US...


US stocks drop; Nasdaq falls 1.3%

By: Web Desk, Uploaded: 9th July 2014

US stocks drop; Nasdaq falls 1.3% NEW YORK: US stocks Tuesday fell sharply with the tech-rich Nasdaq suffering the deepest declines as investors fretted over the prospect of higher interest rates right before the kickoff of earnings season. At the closing bell, the Dow Jones Industrial Average dropped 112.90 points (0.66 percent) to 16,911.31. The broad-based S&P 500 fell 13.64 (0.69...


Oil prices down ahead of US stockpiles report

By: Web Desk, Uploaded: 9th July 2014

Oil prices down ahead of US stockpiles report SINGAPORE- Oil prices edged lower in Asia Wednesday as dealers await the latest US stockpiles report for clues about demand in the world’s top crude consumer. US benchmark West Texas Intermediate for August delivery eased two cents to $103.38 while Brent crude was down 13 cents to $108.81 in mid-morning trade. “The official US stockpile...


Dollar under pressure in Asia ahead of Fed minutes

By: Web Desk, Uploaded: 9th July 2014

Dollar under pressure in Asia ahead of Fed minutes TOKYO- The dollar faced selling pressure in Asia on Wednesday as investors await the release of minutes from the Federal Reserve’s policy meeting last month. In midday Tokyo trading, the greenback was quoted at 101.54 yen, against 101.57 yen in New York Tuesday. The euro bought $1.3614 and 138.23 yen, from $1.3611 and 138.24 yen....


European stocks post more losses

By: Web Desk, Uploaded: 9th July 2014

European stocks post more losses LONDON: Europe’s main stock markets closed sharply lower again on Tuesday, with London’s FTSE 100 index of top companies losing 1.25 percent to 6,738.45 points. Frankfurt’s DAX 30 was down by 1.35 percent to 9,772.67, while the CAC 40 in Paris lost an even bigger 1.44 percent to 4,342.53 points, compared with closing levels on...


Dollar under pressure in Asia ahead of Fed minutes

By: Web Desk, Uploaded: 9th July 2014

Dollar under pressure in Asia ahead of Fed minutes TOKYO: The dollar faced selling pressure in Asia on Wednesday as investors await the release of minutes from the Federal Reserve’s policy meeting last month. In midday Tokyo trading, the greenback was quoted at 101.54 yen, against 101.57 yen in New York Tuesday. The euro bought $1.3614 and 138.23 yen, from $1.3611 and 138.24 yen....


Yen gains in Asia after US stocks fall

By: Web Desk, Uploaded: 8th July 2014

Yen gains in Asia after US stocks fall TOKYO- The yen rose against the dollar  and euro Tuesday as cautious investors retreated to the Japanese currency after two of Wall Street’s main indexes slid from its recent record highs. The dollar weakened to 101.75 yen in Tokyo midday trade from 101.87 yen late in New York and 102.11 yen in Tokyo earlier Monday....


GLOBAL MARKETS-Asian shares pause after recent climb, focus on earnings

By: Web Desk, Uploaded: 8th July 2014

GLOBAL MARKETS-Asian shares pause after recent climb, focus on earnings SYDNEY:Asian stocks were subdued on Tuesday as Wall Street turned cautious ahead of the corporate reporting season and earnings guidance from regional tech heavyweight Samsung came in well short of forecasts. Investors could also be forgiven for feeling a touch of altitude sickness after many indexes recently hit all-time or multi-year peaks. MSCI’s broadest index...


 
 
 



 
 



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