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Uncertainty on earnings and economic recovery prospects saw Japanese shares finish at seven-week lows Friday, while prices for commodities such as oil and copper looked to build a floor after recent declines.
The uptrend in stock markets which started after they hit their lows in March has ended, Royce Tostrams, technical analyst at Tostrams Groep said Friday.
Here’s a hint: Communists are better free-market players than capitalists these days.
An IMF forecast suggests by next year the economies of at least two BRIC nations could be on fire. Should you strike while the iron's hot or will you just get burned?
Asian markets were mostly lower Thursday with Japanese stocks tumbling after the yen spiked to a five-month high against the dollar, with investors seeking to trim riskier bets amid growing concerns about the health of the global economy.
China’s growing appetite for steel and iron ore may be generating some intense scrutiny. Four employees of Rio Tinto have been detained in Shanghai.
Well, the Administration can't say "give it time to work" and have some others say "we need another one before this one has had time to do its thing." Talk about creating a box needlessly. And don't you find it curious that the meat of the Stimulus package, the shovel-ready job-creation part of the deal, is due to hit just about in time for the midterm elections?
Japan's Nikkei 225 Average and oil prices hit six-week lows Wednesday as investors pulled funds out of bets on the global economy's recovery and favored safe havens, such as the U.S. dollar and government bonds.
No one argues that the staggering deficits run up by the American government in a bid to rescue the economy are desirable, healthy or even sustainable — not if the national debt continues to swell at its current pace. But considerable debate centers on when and how vigorously to start easing off Washington’s borrowing habit, with substantial risks at both extremes, the New York Times reported.
Asian markets were mixed Tuesday as stocks struggled after a slide the previous day, while the yen held gains against higher-yielding currencies as investors doubt the speed of the global economy's recovery.
The Chinese investor who donated $2.1 million dollars for lunch in late June with Warren Buffett says his "tip from a friend" was not designed to influence the stock price of a relatively little known retailer in China.
Asian markets got off to a hesitant start Monday as investor doubts on the staying power of a global recovery kept Asian stocks soggy and currencies subdued ahead of a much-expanded Group of Eight meeting this week.
Asian markets retreated Friday and the greenback edged up after a disappointingly big drop in U.S. employment prompted investors to pull back from commodities, resource-linked shares and higher-yielding currencies.
Asian stocks struggled Thursday ahead of the latest U.S. payrolls report, while the U.S. dollar remained near a three-week low against the euro, sensitive to lingering doubts about its reserve status.
China’s stock market closed at its highest levels in about a year on hopes that the downturn has ended.
The second half of 2009 kicked off with a bang with both the Dow and S&P trading higher after reports showed manufacturing began improving, albeit modestly.
Asian markets struggled to gain ground Wednesday as economic data showed the process of turnaround to recovery was likely to be a slow grind, and the greenback capitalized on that more cautious sentiment.
Corn prices plummeted Tuesday as farmers reported larger-than-expected crops this year, easing some fears of rising food costs. Concurrently, Beijing has announced that China will bar imports of U.S. poultry.
The recovery in general is spotty. I believe it is underway, but "less-bad" news is losing its ability to inspire stock-buyers. The recession is over, in my mind, but the nature of the recovery is still to be determined.
Asian markets and the Australian dollar rose Tuesday — the last day of the second quarter —as investors kept adding to bets global economic activity is rebounding, having driven Chinese shares to the highest in a year.