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Wall Street Falls for 3rd Day amid European Debt Woes

The U.S. stocks fell for the third straight session on Tuesday as intensified concerns on European debt problems weighed heavily on the market, offsetting better-than-expected economic data. The Dow Jones industrial average fell 46.47, or 0.42 percent, to 11,006.02. The Standard ...

Dollar Mixed While Euro Keeps on Falling

The U.S. dollar traded mixed against major currencies in late New York trading on Tuesday as the euro showed no sign of recovery due to euro zone debt worries. The euro plunged to below 1.30, nearly 3-month low against the dollar in Tuesday's trading session, the pair lost about ...

Gold Jumps as Eurozone Concerns Deepens, Defies Dollar Rise

Gold futures on the COMEX Division of the New York Mercantile Exchange moved sharply higher on Tuesday, as mounting concerns over a quickly spreading debt crisis in the eurozone prompted investors to flock to the safe-haven of gold. Silver surged 3.7 percent, and platinum also ...

Asian Market Roundup Nov 30

China China's stocks closed lower Tuesday, with the benchmark Shanghai Composite Index down 1.61 percent, or 46.18 points, to close at 2,820.18. The Shenzhen Component Index lost 1.6 percent, or 200.26 points, to end at 12,336.29. Hong Kong stocks closed down 158. 23 points, or 0...

Gold Steadies on Lingering Concerns over Eurozone Fiscal Health

Gold futures on the COMEX Division of the New York Mercantile Exchange moved moderately higher on Monday as investors remained deeply worried about financial health of other peripheral eurozone nations such as Portugal and Spain, but a stronger dollar kept a lid on gold prices. ...

OPEC Weekly Oil Price Keeps Declining

The weekly average oil price of OPEC declined slightly to 81.43 U.S. dollars per barrel last week, the Vienna-based cartel said Monday. The price begun to fall in the previous week, the first decline in three weeks. OPEC (Organization of Petroleum Exporting Countries) saw thin ...

Local Currency Settlement between China, Russia Lowers Risks

Local currency settlement between China and Russia will help banks and enterprises in both nations reduce costs and exchange rate risks, Ma Delun, deputy governor with the People's Bank of China, said Monday. China started to allow the yuan to trade against the Russian ruble on ...

New Index Tracks Shanghai's Blue Chip Stocks

The Shanghai Stock Exchange (SSE) and the China Securities Index Co., Ltd. (CSI) on Monday jointly launched the new SSE-380 Index that aims to reflect the performances of high-growth blue-chip stocks on the Shanghai stock market. The new index would track the performances of 380 ...

S. Korea's Household Credit Growth Decelerates in Q3

South Korea's household credit marked a slower growth in the third quarter than three months ago mostly due to a sharp decline in the growth of lenders' loans to households, the central bank said Friday. According to the Bank of Korea (BOK), the outstanding household credit ...

Japan's Consumer Prices Decline 0.6 Pct in Oct

Consumer prices in Japan dropped 0.6 percent in October, the Japanese government said on Friday. It marked the 20th month of decline for the country's key consumer price index (CPI), which excludes volatile fresh food prices. In terms of product, prices of cigarettes rose 38.6 ...

Australia's Inflation Unlikely to Fall Much Further

Australian central bank governor Glenn Stevens on Friday said inflation is unlikely to fall much further, with the strength of the Australian dollar having some dampening affect on prices. Facing the House of Representatives economic committee on Friday in Canberra, Stevens said ...

Oil steadies in Asia as trends remain stable

World oil prices remained mixed in early Asian trade Monday as trends supported the black gold last week stayed. Light sweet crude for November delivery was seen trading at $ 76.53 a barrel at 12.00 noon Singapore time while Brent crude for November was at $78.83 a barrel in ...

Eurozone Industrial New Orders Drop 3.8 percent in September

Industrial new orders in the eurozone dropped 3.8 percent in September from the previous month, European Union (EU) statistics bureau Eurostat said Wednesday. The index dropped after a significant monthly increase of 5.1 percent in August, according to revised figures. In the 27...

Chinese Software Industry Revenues Surge 29.9 pct On-year in first 10 months: MIIT

China's software industry revenue in the first ten months surged 29.9 percent year on year to 1.09 trillion yuan (160.3 billion U.S. dollars), the Ministry of Industry and Information Technology (MIIT) said Wednesday. In the January-to-October period, the industry's revenue was ...

Asian Market Roundup Dec 7

China Chinese shares closed up Tuesday with the benchmark Shanghai Composite Index up 0.65 percent to close at 2,875.86, up 18.68 points. The Shenzhen Component Index closed up 1.89 percent, or 234.21 points, to end at 12,657.00. Hong Kong stocks closed up 190.46 points, or 0.82 ...

Oil Slightly up Close to 90 dollars a Barrel

Crude prices jumped slightly on Monday. Light, sweet crude for January delivery rose 19 cents to 89.38 U.S. dollars a barrel on the New York Mercantile.

Iraqi Kurdish Region to Resume Oil Export

Iraq's Oil Minister Hussien al- Shahristani said Monday the semi-autonomous Kurdish region in northern Iraq will resume crude oil exports early next year. "The problems between Baghdad and the (Kurdish) region are supposed to be resolved and they will start to export crude oil in ...

Oil Prices May Move Higher to 100 USD Earlier Next Year

Crude oil prices staged a strong rally earlier last month, testing 85 U.S. dollar per barrel, as dollar registered sharp losses after U.S. Federal Reserve's decision to pump 600 billion dollars into the system. Last Friday, the prices easily shrugged off a bout of downbeat ...

Wall Street Rises despite Disappointing Job Data

Wall Street rose on Friday despite a U.S. government report showed that the unemployment rate rose a seven-month high. The Labor Department said that the economy added 39,000 jobs in November, far less than the 145,000 increase analysts had anticipated. Meanwhile, the unemploymen...

Gold Tops 1,400 USD on Downbeat Job Data, Weaker Dollar

Gold futures on the COMEX Division of the New York Mercantile Exchange rocketed higher on Friday, capping a 5-day winning streak, as the downbeat U.S. employment data spurred investors to the perceived safe-haven of gold. Silver surged to a fresh 30-year high, and platinum also ...
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