Wall Street slips at open as oil prices hit year low

U.S. stocks fell at open on Friday as energy stocks took a hit from oil prices sliding to their lowest in more than a year, while investors were nervous ahead of U.S.-China trade talks at the G20 summit next week.

Markets News

Gold inches up as US dollar dips on Fed rate doubts

Gold firmed near two-week highs on Thursday as the dollar weakened on doubts about the pace of future U.S. interest rate hikes.

Commodities News

Asian shares edge up, but growth woes offset Brexit progress

Asian shares barely budged in early Friday trade as investors were reluctant to make any big bets in the face of trade tensions, signs of slowing earnings and Brexit negotiations.

Markets News

Crude oil markets weak as global supply seen ahead of demand

Oil markets remained weak on Friday, pressured by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook.

Commodities News

Asian shares tick up but growth worries keep investors on edge

Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growt

Markets News

US Stocks: S&P 500 gains with energy, tech but ends near day’s low

The Cboe Volatility Index, the most widely followed barometer of expected near-term volatility for the S&P 500, was down 1.68 points at 20.8.

Markets News

Crude oil dips on swelling US stocks, but expected OPEC supply cut stems losses

U.S. West Texas Intermediate (WTI) crude futures, were at $53.38 per barrel at 0141 GMT, 25 cents, or 0.5 percent below their last settlement.

Commodities News

Iran says US bases and aircraft carriers within missile range

An Iranian Revolutionary Guards commander said on Wednesday that US bases in Afghanistan, the UAE and Qatar, and US aircraft carriers in the Gulf were within range of Iranian missiles, as tensions rise between Tehran and Wash

iran, US bases, aircraft carriers, missile range, UAE, Qatar, Tehran, Washington, defence news

UK PM Theresa May says to return to Brussels on Saturday in bid to seal Brexit deal

Theresa May said she would be returning to Brussels on Saturday to hammer out an outline of Britain's future ties with the European Union after her meeting with the head of the bloc's executive on Wednesday failed to bridge t

Theresa May, Brexit deal, united kingdon, European Union, Jean-Claude Juncker, Brexit, britain, world news

IKEA to cut 7,500 jobs, focus on e-commerce

Ikea Group, the owner of most IKEA furniture stores worldwide, plans to cut 7,500 jobs over the next couple of years, mainly administrative staff in central support functions, it said on Wednesday.

Ikea India, ikea, furniture industry, furniture industry in india, india, india economy News

Wall Street recovers as technology stocks bounce back

U.S. stocks recouped some losses on Wednesday after a brutal two-day selloff as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.

wall street, stock market, technology stocks, Thanksgiving holiday, US stock, market, world market, news

US President Donald Trump praises Saudi Arabia amid pressure over ally

U.S. President Donald Trump on Wednesday praised Saudi Arabia for helping to lower oil prices as pressure intensified for the United States to impose tougher sanctions on its Middle East ally over dissident Saudi journalist J

US, Donald Trump, Saudi Arabia, united states, Jamal Khashoggi, Jamal Khashoggi murder, Jamal Khashoggi case, world news

Stocks rise on tech strength; oil bounces back from rout

World stock markets climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, and oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.

Stock, stock market, Stocks rise, oil, oil prices, World stock markets, Wall Street, US government, market news

IKEA Group plans to cut 7,500 administrative jobs

IKEA is in a period of transformation where it is boosting its digital, delivery and other services and testing new more accessible store formats in a fast-changing retail and consumer landscape.

Industry News

American preacher killed on Andaman’s protected North Sentinel island

An American visitor to one of the islands in Andaman and Nicobar's remote North Sentinel island has been killed by an ancient community of hunter-gatherers who live there isolated from the outside world, two police officials

India News

Asia stocks fall, oil stymied as growth worries grip global markets

The Shanghai Composite Index swerved in and out of the red and was last down 0.2%. Australian stocks lost 0.6%, South Korea's KOSPI retreated 0.85% and Japan's Nikkei fell 0.7%.

Markets News

Oil recovers some losses after 6% plunge, but market on edge

Oil prices on Wednesday clawed back some of the previous day's more than 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories as well as record Indian crude imports.

Markets News

Changing hands! Gold worth $37 billion traded in London each day, new data show

Members of the London Bullion Market Association (LBMA) traded at least 30.2 million ounces of gold worth $36.9 billion each day last week, the LBMA said on Tuesday, presenting new data that gives the most accurate picture ye

gold, gold market, portfolio diversification tool, gold prices News

US President Donald Trump statement on Saudi role in Jamal Khashoggi case “shameful”, says Iran

Iranian Foreign Minister Mohammad Javad Zarif said on Tuesday it was "shameful" that US President Donald Trump had pledged support for Saudi Arabia despite the murder of dissident journalist Jamal Khashoggi in its consulate.

Jamal Khashoggi, Jamal Khashoggi case, Jamal Khashoggi murder, Jamal Khashoggi murder case, Donald Trump, Donald Trump statement, Iran, Javad Zarif, world news

Brexit deal works for all UK, PM Theresa May tells Scottish First Minister Nicola Sturgeon

British PM Theresa May told Scotland's First Minister Nicola Sturgeon on Tuesday that the Brexit deal she has negotiated with the EU will work for all parts of the UK and deliver on the results of the 2016 referendum.

Brexit, Brexit deal, Theresa May, Nicola Sturgeon, United Kingdom, 2016 referendum, European Union, world news

Wall Street rout continues in early trade; US stocks tumble, S&P 500 hit a three-week low

The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone dem

Markets News

Stock market and RBI board meet: Shares fall as central bank’s steps seen as long term

Indian shares fell on Tuesday in line with weakness in broader Asia and after the outcome of the central bank board's meet to boost lending failed to impress investors, amid expectations the implementation of the proposed mea

Markets News

Dollar bulls wary after cautious Fed comments, weak homebuilder report

The yen has strengthened over the last two sessions as traders rushed to the currency in the uncertainty around U.S.-China trade talks, Brexit worries, and the Italian budget standoff.

Markets News

Australia, NZ dollars fall from highs as risk appetite wanes

In New Zealand, the kiwi was last up 0.2 percent at $0.6845 but lower than Friday's $0.6882 which was the highest since end-June. It slipped 0.6 percent overnight, the worst fall since early October.

Markets News

Crude oil treads water amid expected OPEC cuts, gloomy economic outlook

Oil prices were held in check on Tuesday as expectations of an OPEC-led supply cut supported the market but were countered by a deteriorating economic outlook, as well as a surge in U.S. production.

Commodities News

Donald Trump likely to give U.S. troops authority to protect immigration agents

President Donald Trump is likely to give U.S. troops authority to protect immigration agents stationed along the U.S. border with Mexico if they come under threat from migrants seeking to cross into the United States, a U.S.

World News

Asia-Pacific Summit: APEC fails to live up to its name amid US, China acrimony

The C in APEC stands for Cooperation. But when the two biggest members are fighting a trade war and using the forum to attack each other's policies, it was always going to be hard work delivering on that.

APEC, Asia-Pacific Summit, Asia-Pacific Economic Cooperation, Asia-Pacific Economic Cooperation summit, US, China, US-china trade, economy news
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