Asia Top News and Analysis Ukraine

More

  • *Iran says open to cooperation with Saudi Arabia. LONDON, Feb 10- Oil rose towards $31 a barrel on Wednesday after four days of declines, supported by the prospect of OPEC and rival producers cooperating to tackle a supply glut that has sent prices to a 12- year low. Iran's oil minister said Tehran was ready to negotiate with Saudi Arabia and the Kremlin's oil tsar...

  • *Says oil price drop driven by OPEC decision. Oil prices have slumped more than 70 percent to near $30 a barrel over the past 18 months as supply exceeded demand by up to 2 million bpd after OPEC, seeking to drive higher-cost producers out of the market, decided not to cut production. Struggling oil-producing countries have urged OPEC leader Saudi Arabia in recent...

  • *Asahi eyes overseas growth as beer sales fall in Japan. TOKYO, Feb 10- Asahi Group Holdings Ltd has reached a preliminary deal to buy SABMiller PLC's Peroni and Grolsch beer brands for over 400 billion yen, the Nikkei daily reported, as part of efforts to offset slow growth at home. But the company has sought grow outside Japan where beer sales have fallen over the...

  • *Bank shares lead Europe stocks up after Asia falls. LONDON, Feb 10- European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Investors and traders were looking ahead to Congressional testimony from Federal...

  • LONDON, Feb 10- The dollar languished close to a 3-1/ 2- month low against a basket of major currencies on Wednesday, as traders waited for U.S. interest rate guidance from Federal Reserve Chair Janet Yellen. Worries over sliding commodity prices, a slowing China and the health of European banks have also dampened dollar demand in favour of safe-haven assets such...

  • European stock markets have closed higher after Federal Reserve chair Janet Yellen indicated the central bank would consider slowing the pace of interest rate increases. Britain's FTSE 100 rose 0.7 percent to close at 5,672.30 and Germany's DAX rose 1.6 percent to 9,017.29. Federal Reserve Chair Janet Yellen says the central bank is carefully watching...

  • Stock benchmarks also fell in Southeast Asia, India and New Zealand. Markets are closed in China, Taiwan, Hong Kong and South Korea for Lunar New Year holidays. Hong Kong and Korea reopen on Thursday and China and Taiwan resume trading on Monday.

  • SINGAPORE, Feb 10- Gold rose for an eighth session out of nine on Wednesday, climbing towards a 7-1/ 2- month high as investors sought the safe-haven asset amid tumbling stock markets and concerns about the global economy. Spot gold was up 0.2 percent to $1,190.71 an ounce by 0310 GMT, after hitting an earlier intraday high of $1,194.06. Federal Reserve Chair Janet...

  • LONDON _ Willis Group Holdings Ltd. on Tuesday reported a fourth-quarter loss of $24 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. Three analysts surveyed by Zacks expected $988.3 million.

  • NEW YORK, Feb 9- Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/ 2- year lows hit last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weak equities also pressured prices. "The longs got out, the shorts jumped back in and there was possibly a whole lot of hedging by producers...

  • NEW YORK, Feb 9- The U.S. dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc. The U.S. dollar index, which measures the greenback against a basket of world currencies, fell to...

  • *Stops short of $1,200 an ounce on Tuesday. NEW YORK/ LONDON, Feb 9- Gold turned higher on Tuesday but hovered beneath the previous session's 7-1/ 2- month high of $1,200 an ounce, buoyed by risk aversion as equities remained volatile and the dollar extended losses. Spot gold was up 0.1 percent at $1,192.30 an ounce at 2:12 p.m. EST, below the session high of $1,198.90...

  • People enter the building of the Swiss bank UBS in Midtown Manhattan

    UBS has reacted to the financial market turbulence by freezing salaries for its investment bankers until at least mid year. The FT reports.

  • NEW YORK, Feb 9- Oil prices fell nearly 6 percent on Tuesday as equity markets remained weak and forecasts of swelling record high U.S. crude stockpiles faced expectations that global demand will not grow quickly enough to erase the overhang of crude any time soon. U.S. gasoline futures fell to a 2008 low ahead of the American Petroleum Institute's weekly report...

  • NEW YORK, Feb 9- Oil prices fell almost 3 percent on Tuesday as equity markets remained weak and forecasts of swelling record high U.S. crude stockpiles faced expectations that global demand will not grow quickly enough to erase the overhang of crude any time soon. U.S. gasoline futures fell to a 2008 low ahead of the American Petroleum Institute's weekly...

  • *Stock indexes extend decline to third straight day. *Index of top European shares hits lowest since Sept' 13. NEW YORK, Feb 9- Stock indexes worldwide tumbled for the third straight session on Tuesday on fears of slowing global growth, with particular concern around the health of the banking sector, while benchmark U.S.

  • NEW YORK, Feb 9- The dollar tumbled to a nearly four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen and Swiss franc. A selloff in major stock markets worldwide and increased worries about Europe's banking sector also shook confidence in the dollar, which has moved in line with risky...

  • *$6 trillion of negative-yielding bonds globally. LONDON, Feb 9- With the historic fall in Japan's 10- year government bond yield below zero on Tuesday, the value of government bonds around the world registering negative yields is now above $6 trillion. Just two months ago, there were $3 trillion of bonds around the world with negative yields, and only 18 months ago...

  • LONDON, Feb 9- Britain's financial watchdog has fined a former senior official at JPMorgan bank 793,000 pounds for failing to be "open and co-operative" over the $6.2 billion losses racked up in the "London Whale" trading scandal. Achilles Macris was head of JPMorgan's Chief Investment Office International in London, and manager of Bruno Iksil, the financial...

  • *UK household debt-to-GDP ratio back at 2002 levels. LONDON, Feb 9- The Bank of England will consider steps to safeguard financial stability if household debt grows faster than the rest of the economy, the bank policymaker in charge of financial stability said on Tuesday. "If credit began to grow faster than GDP, I would want to think very seriously about taking...