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POPULAR NEWS
Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Tokyo: Stocks open lower on Monday

Tokyo stocks opened lower on Monday amid lingering geopolitical worries including the diplomatic fallout from the death of a Saudi journalist and ahead of corporate earnings report season. The Nikkei 225 index was off 0.66 per cent or 148.69 points at 22,383.39 in early trade, while the broader Topix index was down 0.72 per cent or 12.19 points at 1,680.66. AFP

Shanghai stocks extend rally at open

Shares rallied at the start of trade in Shanghai on Monday, extending a surge at the end of last week after China's top economic officials issued coordinated statements aimed at shoring up support for beleaguered markets. The benchmark Shanghai Composite Index rose 0.59 percent, or 15.17 points, to 2,565.64, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.93 percent, or 11.72 points, to 1,275.53. And the Hang Seng Index added 0.79 percent, or...

Asian stocks off on the wrong foot, Japan's Monday continues Wall Street's Friday slide

Asian shares are heading softly lower in early Monday action, as geopolitical concerns surrounding the US-China trade spat and Saudi Arabia's newfound demonization after murdering a journalist critical of the royal family. Japan is off to a rocky start, with the Nikkei 225 index down -0.60% and Tokyo's Topix index declining by -0.80% as risk appetite takes a turn lower for Monday. Australia's ASX 200 remains underbid as well, in the red by -0.40%, and emerging markets are also weaker on the...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

Ikea founder, billionaire Ingvar Kamprad dies at 91
Monday, 29 January 2018 11:14 WIB | MISC |Global

Kamprad, the billionaire Swedish entrepreneur who founded Ikea when he was 17 and built it into one of the biggest furniture retailers in the world, died Sunday at 91.

Kamprad started Ikea on his family farm in 1943, and his frugality and work ethic were instilled into Ikea's corporate identity. Ikea now has about 400 stores worldwide, and posted about $39 billion in annual revenue in 2016, according to Statista. The company aims to generate $62 billion in annual revenue by 2020, Reuters reported.

Bloomberg™s Billionaires Index ranked Kamprad as the eighth-wealthiest person on the planet, with a fortune of $58.7 billion.

Source: Marketwatch

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POPULAR NEWS
Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Tokyo: Stocks open lower on Monday

Tokyo stocks opened lower on Monday amid lingering geopolitical worries including the diplomatic fallout from the death of a Saudi journalist and ahead of corporate earnings report season. The Nikkei 225 index was off 0.66 per cent or 148.69 points at 22,383.39 in early trade, while the broader Topix index was down 0.72 per cent or 12.19 points at 1,680.66. AFP

Shanghai stocks extend rally at open

Shares rallied at the start of trade in Shanghai on Monday, extending a surge at the end of last week after China's top economic officials issued coordinated statements aimed at shoring up support for beleaguered markets. The benchmark Shanghai Composite Index rose 0.59 percent, or 15.17 points, to 2,565.64, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.93 percent, or 11.72 points, to 1,275.53. And the Hang Seng Index added 0.79 percent, or...

Asian stocks off on the wrong foot, Japan's Monday continues Wall Street's Friday slide

Asian shares are heading softly lower in early Monday action, as geopolitical concerns surrounding the US-China trade spat and Saudi Arabia's newfound demonization after murdering a journalist critical of the royal family. Japan is off to a rocky start, with the Nikkei 225 index down -0.60% and Tokyo's Topix index declining by -0.80% as risk appetite takes a turn lower for Monday. Australia's ASX 200 remains underbid as well, in the red by -0.40%, and emerging markets are also weaker on the...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

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