TOKYO: The euro edged higher in Asian trade Tuesday as Europe’s debt woes eased slightly, dealers said. The euro firmed to 1.3653 dollars in Tokyo morning trade from 1.3648 in New York late Monday, and to 121.92 yen from 121.86. The dollar was flat at 89.29 yen. The euro added gains after “the cost of [...]
Monday as investors returned to the market after a massive selloff triggered by weak US jobs data and debt woes in the eurozone, analysts said. New York’s main futures contract, light sweet crude for delivery in March, climbed 49 cents to 71.68 dollars a barrel. London’s Brent North Sea crude for March was up 46 [...]
SINGAPORE: World oil prices fell in the wake of weaker-than-expected US jobs data and at the end of a volatile week for global financial markets. New York’s main futures contract, light sweet crude for delivery in March, lost 34 cents to 72.80 dollars a barrel. London’s Brent North Sea crude for March dropped 69 cents [...]
An old Wall Street saying holds that “the market hates uncertainty.” Given the regulatory clouds hanging over the operators of financial exchanges—publicly traded outfits such as NYSE Euronext (NYX) and the CME Group (CME)—investors have come to loathe the very companies that enable the Street’s day-to-day operations. Shares of CME, the world’s largest futures market, [...]
HONG KONG: Mounting fears about parlous government finances in Europe hammered stock markets across Asia on Friday following New York’s worst finish since November. A global flight to safety lifted the dollar and depressed the euro, despite concern that US jobs data out later in the day would flag enduring weakness in the world’s largest [...]
