Oil prices up in Asia on Cyprus bailout deal
Oil prices rose in Asian trade Monday after Cyprus and its international creditors struck a 10-billion-euro bailout deal, averting a collapse of the country’s banking system.
Oil prices rose in Asian trade Monday after Cyprus and its international creditors struck a 10-billion-euro bailout deal, averting a collapse of the country’s banking system.
Oil firms announced cuts in pump prices effective 12:01 a.m. Monday.
Oil fell below $95 a barrel Thursday as disagreement among U.S. Federal Reserve officials about its super easy monetary policy weighed on prices ahead of the release of a report on U.S. crude inventories.
Asian markets were mixed on Thursday, with Tokyo ending flat after a seesaw session that saw parts suppliers hit after global aviation agencies grounded Boeing’s Dreamliner.
Asian shares mostly fell Wednesday on profit-taking after recent gains, with Tokyo suffering heavy losses as the yen rebounded strongly following weeks of steep declines.
HONG KONG—Asian shares were mixed Tuesday on a lack of direction from Wall Street, but Tokyo hit a 32-month high on hopes for new central bank easing despite giving up early gains as the yen rebounded. Some bourses advanced early in the session on reassurances from Fed chief Ben Bernanke that quantitative easing was [...]
Asian shares were mostly higher Monday, led by a surge on the Shanghai index after the securities regulator raised hopes for increased foreign investment in China’s stock market.
HONG KONG—Asian markets climbed on Thursday after China released better-than-expected trade data that provide further evidence the world’s number two economy has emerged from a drawn-out slumber. The Nikkei in Japan was also boosted by the continued weakness of the yen, while a rally on Wall Street capped a two-day losing streak and provided [...]
Asian markets were mostly higher on Wednesday, snapping a recent losing streak as the US corporate earnings season got off to a positive start with aluminium giant Alcoa reporting a large jump in profit.
Asian markets mostly fell on Monday as last week’s gains prompted profit-taking, overshadowing Friday’s Wall Street rally and upbeat US job-creation figures.
Asian markets mostly rose Thursday extending the previous day’s huge gains after US lawmakers agreed a deal to avert the fiscal cliff, but concerns over upcoming fights in Washington hurt sentiment.
Asian markets rose sharply on Wednesday after the US Congress backed a deal to avert a “fiscal cliff” of drastic tax rises and spending cuts in an upbeat start to the year for regional markets.
