Browsing Category News
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Oil hits new 15-month high on demand, dollar
Oil prices rose 1 percent on Monday, hitting a fresh 15-month high above $83 a barrel, supported by data showing China’s crude oil imports surged by nearly 25 percent in December... -
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BofA says bonuses will rise, but no record payouts
In December the largest US bank joined others on Wall Street that repaid billions in bailout funds to the government, ending restrictions on top executives’ pay. “We had some u... -
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Argentine president fires central bank chief
Argentine President Cristina Fernandez on Thursday fired the country’s central bank president, who had rejected her calls to step down for refusing to use Argentina’s foreign c... -
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Iceland will “honour its obligations”
Iceland will “honour its obligations” over the more than $5bn owed to Britain and the Netherlands that was lost in failed savings banks, President Olafur Grimsson told reporter... -
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Sarkozy says FX issue must be focus of global debate
Alluding to recent calls to revamp the global monetary system to reduce the dominant role of the dollar, Sarkozy said that disparities between the two currencies posed a “conside... -
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Europe shares hit new 15-month high, banks support
European shares hit a new 15-month peak in early trading on Wednesday, led higher by financials and miners, with investors waiting for more macro-economic data later in the session... -
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Japan finmin’s health woes keep markets guessing
Japanese Finance Minister Hirohisa Fujii left financial markets guessing on Tuesday on whether he will remain in the post, saying he was still waiting for test results after being ... -
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Investors kick off 2010 in bullish mood
Financial markets kicked off 2010 on an upbeat note on Monday with world stocks close to 15-month highs on hopes for a sustainable economic recovery. The dollar was slightly weaker... -
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After economic storm, Asia faces 2010 political risks
Investors who kept faith in Asia as the world teetered on the brink of financial meltdown a year ago have been richly rewarded – the region’s markets rode out the storm in spec...
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