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Dollar stable in Asia |
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The dollar held firm in Asian trade Thursday, supported by falling oil prices and market talk of possible US interest rate rises, dealers said. They said investors were digesting news of the first fall in Japanese... |
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EU approves Porsche's VW takeover plans |
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The European Commission approved Porsche's planned takeover of Volkswagen Wednesday, paving the way for the German sports car maker to buy Europe's biggest auto maker. After examining the operation, the commission... |
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Aluminium falls to 5-week low |
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Aluminium fell to a 5-week low on Wednesday on concerns about demand from automakers, while a stronger dollar and weaker oil prices also weighed on prices. Aluminium for delivery in three months traded... |
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Gold hits two-week low |
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Gold dropped to its weakest in two weeks on Wednesday as oil extended losses and robbed the metal of some of its appeal as a hedge against inflation, while platinum failed to sustain early gains amid demand fears... |
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Oil prices extend losses |
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Oil prices fell further on Wednesday as the market expected Hurricane Dolly to avoid energy installations in the Gulf of Mexico, traders said. The market was also awaiting the latest weekly update on... |
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Rich and poor countries still miles apart at WTO talks |
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Developing countries on Tuesday shot down an offer by the United States to cut its farm subsidies as negotiators urged a quickening of pace after the first two days of crucial WTO talks here... |
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Yahoo profit slips to 131 million dollars in second quarter |
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Struggling Internet pioneer Yahoo reported on Tuesday that its second-quarter profit slipped to 131 million dollars and called on investors to have faith in better times ahead. Yahoo's net income for the quarter... |
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Dollar little changed in Asia |
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The dollar was steady in Asian trade on Tuesday as worries about resurgent oil prices offset relief that major US banks' earnings were not as bad as feared, dealers said. The US currency was little changed... |
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Iran opposes Opec oil output hike |
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Iran, the number two oil producer in Opec, reaffirmed on Tuesday that it was against any hike in the cartel's output quota despite continued high crude prices. The market is in a good situation... |
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Boeing wins Qatar order for C-17 aircraft |
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Boeing on Monday signed a contract with Qatar for C-17 military airlift planes, the US aerospace giant said, without revealing how many of the long-range troop and cargo aircraft were ordered... |
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