Markets The European Central Bank is expected to leave interest rates and other stimulus tools unchanged at its meeting today while it ponders the effects of policy measures it took last month. That bazooka of stimulus included increasing monthly asset … Continue reading
Markets Crude prices have fallen below $40 a barrel after Kuwaiti oil workers ended a three-day strike that had cut the OPEC member’s production by nearly half. Concerns about oversupply were further reinforced by API industry data that showed a … Continue reading
Markets World shares are heading higher after oil prices stabilized and the Dow Jones closed above 18,000 for the first time since last July. Stocks seems to be getting a further lift from the ongoing first-quarter corporate earnings season. Analysts … Continue reading
Markets World shares are following crude lower, after the world’s largest oil exporters failed to reach an agreement in Doha to freeze output at January levels. The major sticking point during the meeting was the heightened tension between Saudi Arabia, … Continue reading
Markets All eyes are on Doha this weekend where a meeting between OPEC and non-OPEC oil producers is being held to discuss freezing output at current levels. Ahead of the big event, another Russian official poured cold water on hopes … Continue reading
Markets The Bank of England looks set to keep interest rates on hold today amid concerns about a slowdown in the U.K. economy and the threat of Britain leaving the EU. “Little action is expected as always with no one … Continue reading
Markets The trade picture in the world’s second-largest economy staged a turnaround last month, although economists cautioned the data was heavily influenced by seasonal distortions from China’s Lunar New Year holiday. After declines in both January and February, March exports … Continue reading
Markets Just five days ahead of the much anticipated oil producers’ meeting in Doha, Iraq’s OPEC governor Falah Alamri has extended his support for an output freeze agreement by stating “this is the only way” to boost crude prices. Although … Continue reading
Markets Earnings season for the first quarter is about to get underway, starting with Alcoa’s (NYSE:AA) results after today’s market close. If Wall Street forecasts are to be believed, traders are bracing for a 7.9% plunge in Q1 profits, marking … Continue reading
Markets Japan’s Finance Minister has described the dollar’s recent falls vs. the yen as “one-sided movements” and vowed to intervene if necessary to continue the country’s fight against deflation. “We are watching moves with a sense of tension,” Taro Aso … Continue reading