Stay updated with breaking news from Christopher Cushing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil rises as heightened geopolitical risks exacerbate supply concerns By Yuka Obayashi TOKYO (Reuters) - Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count…
The Australian and New Zealand dollars crept higher on Thursday as a key commodity index jumped to four-month peaks and provided support amid a dearth of major domestic economic data. ...
Asian shares held near seven-month highs on Thursday though traded mostly sideways as investors awaited fresh catalysts that would provide further clarity on the global interest rate easing cycle. Japan's Nikkei was headed for a fourth successive day of loss - its longest losing streak in about five months - as a potential policy pivot from the Bank of Japan (BOJ) at its meeting next week draws near. MSCI's broadest index of Asia-Pacific shares outside Japan was last little changed and strayed not too far from a seven-month peak hit in the previous session, as traders shrugged off ...
Singapore Telecommunications (Singtel) shares fell more than 1% on Thursday in early trade after reports it was in advanced negotiations to sell a significant stake in Australian telco Optus to Canada's Brookfield Asset Management. Those reports came after Singtel had dismissed an article in the Australian Financial Review (AFR) on Wednesday saying it would sell the entirety of Australia's second-largest telecommunications group for as much as A$18 billion ($11.93 billion). Shares of Singtel were last down 0.8%, after sliding as much as 1.6% earlier in the session.
Unipec, the trading arm of Asia's largest refiner Sinopec, has swept up 8 million barrels of North Sea crude Johan Svedrup to be delivered in May amid weak demand in Europe, several trade sources...