Showing 1 - 10 of 362
Waning influence of OPEC+ in spotlight as prices flag
AFP, Published on 20/12/2023
» LONDON - Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.
Tanking Alibaba drags Hong Kong as markets rally fades
AFP, Published on 17/11/2023
» HONG KONG - Hong Kong led losses in Asian stock markets on Friday as Alibaba was hammered after saying it would cancel the planned spinoff of its cloud computing arm.
Global stocks edge higher but oil sinks
AFP, Published on 05/10/2023
» LONDON - Asian and European stocks rose on Thursday after modest Wall Street gains as investors kept a wary eye on US bond yields, while oil sank further on stubborn demand fears.
Asian markets join global rally as China data beats forecasts
AFP, Published on 15/09/2023
» HONG KONG - Asian markets rallied Friday as forecast-busting Chinese data boosted hopes the world's number-two economy may be stabilising after an extended slowdown.
Asian markets swing as crude spike stokes inflation concerns
AFP, Published on 13/09/2023
» HONG KONG - Equities fluctuated Wednesday ahead of a crunch US inflation report, with investors increasingly nervous that a recent spike in oil will put fresh upward pressure on consumer prices and force the Federal Reserve to lift interest rates again.
Tech stocks help pull markets higher
AFP, Published on 22/08/2023
» LONDON: Global stocks markets rose on Tuesday thanks to a rebound in tech shares, although investors remained concerned by China's lacklustre economy and the outlook for US interest rates.
Fitch downgrades US credit rating after debt limit standoffs
AFP, Published on 02/08/2023
» WASHINGTON - Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
Asian markets fail to build on rally with eye on China policy
AFP, Published on 19/06/2023
» HONG KONG: Markets saw a limp start Monday as traders turned more cautious after last week's rally, with eyes on China as speculation grows that officials will unveil a raft of economic stimulus measures.
Erdogan confronts polarised Turkey after historic win
AFP, Published on 29/05/2023
» ISTANBUL: Turkish President Recep Tayyip Erdogan on Monday confronted the tough task of uniting his deeply divided country after winning a historic run-off election to extend his two-decade rule to 2028.
Stocks sink as US debt talks stall
AFP, Published on 24/05/2023
» LONDON: Asian and European stock markets slumped Wednesday as investors grew increasingly concerned about stalled US debt ceiling talks aimed at averting a painful default.