Fed Minutes: 'Number of Participants' Express Willingness to Reduce QE in June
Hong Kong
featured
Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
» Read More
More
-
*Gold's 7- session drop is longest losing streak in 4 years. SINGAPORE, May 17- Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead.
-
*China property buoyed of hopes of easing sector curbs. The Hang Seng Index and China Enterprises Index of the top Chinese listings in Hong Kong posted their first weekly loss in four, shedding 0.8 and 2.4 percent, respectively.
-
*MSCI Asia Pacific ex- Japan edges lower. U.S. equities had sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.
-
*Gold down for 7th straight session, near 4- week low. SINGAPORE, May 17- Gold fell for a seventh straight session on Friday as the dollar strengthened and investors cut exposure to the metal, sending holdings in exchange-traded funds to their lowest in four years.
-
*MSCI Asia Pacific ex- Japan steady, Japan's Nikkei slips. U.S. equities sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.
-
SINGAPORE, May 17- Gold edged up on Friday as stock markets paused after rally, but the metal was still on track for its worst weekly decline in a month as investors cut exposure to bullion, sending holdings in exchange-traded funds to the lowest in four years.
-
*Fund's 10.1 pct investment return takes assets to C $183.3 billion. CPPIB, which manages Canada's national pension fund, said on Thursday its assets rose to a record C $183.3 billion at the end of fiscal 2013, as its investment portfolio returned 10.1 percent for the year ended March 31.
-
A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata.
-
LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the Gulf of Mexico oil spill.
-
LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata, replacing him with former BP boss Tony Hayward.
-
*Gold finds some relief as U.S. data hurts stocks, dollar. LONDON, May 16- Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.
-
LONDON/ ZUG, Switzerland, May 16- Glencore bosses tightened their grip on the newly enlarged miner and trader on Thursday, as shareholders voted out all former Xstrata directors including the already outgoing chairman, replacing him with former BP boss Tony Hayward.
-
LONDON/ ZUG, Switzerland, May 16- Glencore Xstrata has appointed Tony Hayward as its interim chairman, a source with knowledge of the matter said, propelling the once "vilified" former BP chief executive into the limelight after an unexpected boardroom coup.
-
SINGAPORE, May 16- Singapore Airlines Ltd reported weaker-than-expected full-year results and warned of a deteriorating environment as it struggles to cope with the rapid emergence of Gulf carriers and low cost Asian rivals.
-
LONDON/ ZUG, Switzerland, May 16- Glencore Xstrata Chairman John Bond surprised investors on Thursday by announcing he had been voted out of the top job at the miner and trader at the group's first annual shareholders' meeting.
-
*Gold has dropped nearly 18 pct this year. SINGAPORE, May 16- Gold dropped to its weakest level in almost a month on Thursday, hurt by a firmer dollar and as holdings in exchange-traded funds fell to the lowest in over four years, potentially stretching bullion's losing streak to a sixth day. Gold is less than $60 away from two-year lows hit in mid-April.
-
HONG KONG, May 16- Hong Kong shares ended the week on a loss for the first time in a month on Thursday as weak earnings for retailer Parkson weighed, although internet giant Tencent Holdings climbed on the back of robust quarterly results. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.6 percent.
-
*More low-cost nickel-pig-iron capacity to weigh on prices. HONG KONG, May 16- China's producers of nickel-pig-iron are racing to upgrade their facilities as reduced demand from stainless steel mills and weaker nickel prices drive them to cut costs.
-
*Shanghai equities rally sparks short-covering in copper. SINGAPORE, May 16- London copper edged up on Thursday, after plumbing an almost two-week low in the previous session, but gains may be short-lived as Europe's shrinking economy and a drop in U.S. factory output underline a dimming outlook for demand.
-
HONG KONG, May 16- China shares posted their biggest daily gain in weeks on Thursday as investors joined a rally in the rebounding financial and property sectors while technology-related stocks were also strong. The CSI300 of the leading Shanghai and Shenzhen A-share listings ended up 1.8 percent in its best percentage gain since April 24.