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POPULAR NEWS
Yen Surges, Offshore Yuan Tumbles as Trade War Intensifies

The yen surged on Monday as investors flocked to safe-haven assets after a sharp re-escalation in the U.S.-China trade war, which whacked investor confidence and darkened the global economic outlook. The yuan also tumbled in offshore trade, weighed by expectations of a deeper slowdown in China as the world™s two-largest economies exchanged barbs over trade. The Swiss franc and gold, two assets sought during times of heightened risk aversion, shot up in early Asian trade. The yen surged to...

Tokyo's Nikkei Opens Down 2.6% as Yen Surges on Trade Fears

Tokyo's key Nikkei index plunged as much as 2.6 percent at the open on Monday as the yen surged against the dollar on escalating US-China trade tensions. The Nikkei 225 was down 2.56 percent, or 529.86 points, to 20,181.05 in early trade, while the broader Topix index lost 2.45 percent, or 36.78 points, to 1,465.47. Source : AFP

Asia Shares Sink, Bonds Surge as Trade Fears Mount

Asian shares were a sea of red on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbors of sovereign bonds, gold and the Japanese yen. Yields on benchmark 10-year Treasury debt dropped to their lowest since mid-2016, while gold hit its highest since April 2013 as risk was shunned. The Chinese yuan also came under pressure, with the dollar quoted up at 7.1710 and markets braced for more intervention from...

Hong Kong Stocks Plunge More Than 3% at Open

Hong Kong stocks dived more than three percent in the first few minutes of business Monday after Donald Trump ramped up his trade row with China, while the city was hit by fresh violent protests over the weekend. The Hang Seng Index dived 3.27 percent, or 857.33 points, to 25,322.00 at the open. Source: AFP

India's Former Finance Minister Dies at 66

India™s former finance minister, Arun Jaitley, died Saturday in a New Delhi hospital months after he stepped away from the job due to deteriorating health. A close associate of Prime Minister Narendra Modi, the 66-year-old Jaitley was credited with steering landmark economic reform that helped create a single market in India for the first time since the country™s independence in 1947. It was also under his watch that Modi announced his controversial decision to scrap 86 percent of...

Oil prices fall as soaring U.S. supply offsets tighter Iran sanctions
Thursday, 25 April 2019 09:26 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil prices fell on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC's continued curbs on supply.

Brent crude futures were at $74.35 per barrel at 00:37 GMT, down 22 cents, or 0.3 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $65.60 per barrel, down 29 cents, or 0.4 percent, from their previous settlement.

Crude futures rose to 2019 highs earlier in the week after the United States said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action from Washington.

Source : Reuters

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POPULAR NEWS
Yen Surges, Offshore Yuan Tumbles as Trade War Intensifies

The yen surged on Monday as investors flocked to safe-haven assets after a sharp re-escalation in the U.S.-China trade war, which whacked investor confidence and darkened the global economic outlook. The yuan also tumbled in offshore trade, weighed by expectations of a deeper slowdown in China as the world™s two-largest economies exchanged barbs over trade. The Swiss franc and gold, two assets sought during times of heightened risk aversion, shot up in early Asian trade. The yen surged to...

Tokyo's Nikkei Opens Down 2.6% as Yen Surges on Trade Fears

Tokyo's key Nikkei index plunged as much as 2.6 percent at the open on Monday as the yen surged against the dollar on escalating US-China trade tensions. The Nikkei 225 was down 2.56 percent, or 529.86 points, to 20,181.05 in early trade, while the broader Topix index lost 2.45 percent, or 36.78 points, to 1,465.47. Source : AFP

Asia Shares Sink, Bonds Surge as Trade Fears Mount

Asian shares were a sea of red on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbors of sovereign bonds, gold and the Japanese yen. Yields on benchmark 10-year Treasury debt dropped to their lowest since mid-2016, while gold hit its highest since April 2013 as risk was shunned. The Chinese yuan also came under pressure, with the dollar quoted up at 7.1710 and markets braced for more intervention from...

Hong Kong Stocks Plunge More Than 3% at Open

Hong Kong stocks dived more than three percent in the first few minutes of business Monday after Donald Trump ramped up his trade row with China, while the city was hit by fresh violent protests over the weekend. The Hang Seng Index dived 3.27 percent, or 857.33 points, to 25,322.00 at the open. Source: AFP

India's Former Finance Minister Dies at 66

India™s former finance minister, Arun Jaitley, died Saturday in a New Delhi hospital months after he stepped away from the job due to deteriorating health. A close associate of Prime Minister Narendra Modi, the 66-year-old Jaitley was credited with steering landmark economic reform that helped create a single market in India for the first time since the country™s independence in 1947. It was also under his watch that Modi announced his controversial decision to scrap 86 percent of...

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