Media IN TOKYO, June 11, 2019, SPA Japan’s benchmark Nikkei 225 rose 0.3% to 21,204.28. Australia’s S&P/ASX 200 added 1.6% to 6,546.30. South Korea’s Kospi gained 0.7% to 2,114.39. Hong Kong’s Hang Seng stood at 27,851.68, up nearly 1.0%, while the Shanghai Composite edged up 2.5% at 2,922.00. Benchmark U.S. …
Read More »OPEC daily basket price announced for Monday
Media IN VIENNA, 11th June, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$63.01 a barrel on Monday, 10th June, compared with US$62.71 the previous Friday, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …
Read More »Euro Pulled back from Two and half month High on Monday
Media IN LONDON, June 10, 2019, SPA The euro fell 0.2% to $1.1306 after hitting $1.1348 last week, its highest since March. The dollar index gained 0.3% to 96.825. The greenback had weakened last week after poor economic data encouraged investors to scale up their bets that the Federal Reserve …
Read More »Asian stocks rise on Monday
Media IN SINGAPORE, June 10, 2019, SPA Reopening after a market holiday, Hong Kong’s Hang Seng picked up 2.2% to 27,559.86 and the Shanghai Composite index was 0.8% higher at 2,849.22. Japan’s Nikkei 225 advanced 1.2% to 21,134.42, while the Kospi in South Korea rose 1.3% to 2,099.49. Shares rose …
Read More »Trump agrees with Mexican negotiators to head off 5% tax on Mexican goods
Media IN STERLING, 10th-6-2019 With his threatened Mexican tariffs now on the backburner, President Donald Trump was looking to claim victory even as some of his Democratic challengers for the White House criticized him for overselling a deal that mostly ramps up existing efforts. Trump defended the agreement reached by …
Read More »World’s top economies lay out principles on debt sustainability at G20 meet
Media IN FUKUOKA, Japan-9th-June-2019 Finance leaders from the world’s top economies on Sunday adopted new principles to ensure countries that lend and borrow for infrastructure spending do so in a sustainable manner, a move seen as addressing concerns that China’s lending practices have saddled some emerging nations with huge debt. …
Read More »G20 talks trade, finance as Japan readies for Osaka summit
Media IN Fukuoka, Jun. 9 2019 Trade and economy ministers of the Group of 20 major economies met Sunday in Japan to discuss ways to reorder trade rules and finances in an era of technological change and protectionism. Major progress, and a decision on whether Washington will impose 25% tariffs …
Read More »Kuwait Oil Price rise up per barrel on Saturday
Media IN KUWAIT, June 8 2019 KUNA The price of Kuwait oil went up USD 1.84 to USD 62.26 per barrel (pb) at USD 60.42 the day before, Kuwait Petroleum corporation (KPC) said on saturday. Meanwhile, the Brent crude future contracts closed the trading session up USD 1.62, settling at …
Read More »Europe saved $8 billion on gas bill in 2018 due to LNG, reforms: IEA
Media IN LONDON 7th-06-2019 Europe saved $8 billion on its natural gas bill last year because surging U.S. shale production and a shake-up in EU energy markets forced Russia to change its gas pricing mechanism, the head of the International Energy Agency said on Friday. During his speech, the Executive …
Read More »Sterling headed for first weekly gain in five
Media IN LONDON, June 07, 2019, SPA Sterling was on course for its first weekly gain in five on Friday, helped mostly by a weakening dollar. Sterling rose 0.2% to $1.2710, leaving it up 0.6% and snapping four consecutive weeks of losses. Against the euro the British currency has struggled, …
Read More »