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Asian markets sink further on global economy fears

A woman walks past an electronic board of a local bank showing the Hong Kong share index in Hong Kong Wednesday, Sept. 10, 2014. Global stocks sank under the weight of worries about the possible timing of a U.S. rate hike, economic weakness in China and an impending referendum on Scottish independence. Hong Kong's Hang Seng fell 1.9 percent to 24,705.36. (AP Photo/Vincent Yu)

Asian markets suffered fresh selling pressure Monday while the dollar dipped and oil hit multi-year lows following another round of losses on Wall Street fueled by global growth concerns.

Posted: October 13th, 2014 in Latest Business Stories | Read More »

Mickey Mouse currency a money spinner for tiny Niue

Mickey Mouse currency

The Pacific nation of Niue has released new coins with images of Disney characters on one side and Queen Elizabeth II on the other – and no, they’re not taking the mickey.

Posted: October 13th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Oil prices slip on increased supply, strong dollar

oil-prices

Crude prices slipped Monday to multi-year lows owing to a build-up in supplies while the dollar rallied in response to a strong US jobs report, as analysts warned of further losses.

Posted: October 6th, 2014 in Latest Business Stories | Read More »

Dollar pushes towards 110 yen in Asia

AP FILE PHOTO

The dollar rose Monday after data showed the US economy grew more than first thought in April-June, while it hit a six-month high against the Hong Kong dollar after weekend unrest in the southern Chinese city.

Posted: September 29th, 2014 in Latest Business Stories | Read More »

High-flying dollar slips in Asia

AP FILE PHOTO

The dollar retreated in Asia on Monday after surging last week on US Federal Reserve hints at higher-than-expected interest rates and Scotland’s decision not to break away from the United Kingdom.

Posted: September 22nd, 2014 in Latest Business Stories | Read More »

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