Oil falls toward $97 ahead of Fed meeting
By Pamela Sampson
Oil prices fell Monday as traders refrained from big moves ahead of a critical meeting of U.S. central bank policymakers later in the week.
Oil prices fell Monday as traders refrained from big moves ahead of a critical meeting of U.S. central bank policymakers later in the week.
Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program.
Global stocks were mixed Friday as Asia rebounded from a sharp selloff, with U.S. markets losing early gains after unimpressive economic data and a warning from the International Monetary Fund on growth.
Asian stocks rebounded Friday from Tokyo’s sharp decline after investors were encouraged by positive U.S. economic news.
Positive U.S. economic data helped stabilize world stocks on Thursday after a sharp selloff in Japan put its main index in “Bear Market” territory, rattling investors.
Honda is recalling more than 18,000 cars in the U.S. to fix problems with the brakes.
Asian stocks fell Wednesday amid concern about a lack of new Japanese moves to calm bond markets and uncertainty about the outlook for US monetary policy.
Oil prices fell below $95 on Wednesday as ample supplies caused energy investors to pull back.
Malaysian national oil company Petronas has announced a multibillion dollar plan to extract, liquefy and export natural gas in western Canada to energy-hungry markets in Asia, officials said.
U.S. employers advertised fewer jobs in April, but overall hiring rose and the number of people quitting their jobs increased.
Stock markets were mostly lower in early Asian trading on Tuesday, as investors awaited the outcome of a policy meeting by Japan’s central bank, and Chinese markets remained closed for a national holiday.
Asian markets rose Monday after U.S. jobs data helped allay concern the Fed might wind down its stimulus and Japan’s prime minister promised new tax cuts.
