Crude Oil Falls Below $50 a Barrel for First Time in 5 1/2 Years

West Texas Intermediate oil fell below $50 a barrel for the first time since April 2009 as surging supply signaled that the global glut that drove crude into a bear market will persist. Futures slid as much as 5.2 percent in New York. Brent futures earlier slid below $55 in London for the first time since May 2009. Russia™s output rose to a post-Soviet high in December, preliminary Energy Ministry data showed. Iraq, the second-largest...

Bursa AS Turun Seiring Saham Industri Energi Dorong Mayoritas Bursa Saham Melemah

Minyak mentah turun di bawah level $ 50 sehingga mengirim indeks Standard & Poor 500 turun ke ke level terendahnya sejak Oktober lalu, karena selisih dari penjualan industri energi di tengah kekhawatiran bahwa pemangkasan pengeluaran modal akan merugikan pendapatan. Saham energi di S&P 500 turun 4 % karena West Texas Intermediate melemah ke level terendah sejak April 2009...

Gold Rises for Second Day as Greek Crisis Spurs Demand for Haven

Gold futures rose for the second straight session as Greece™s political crisis and a decline in equities spurred demand for the precious metal as an alternative asset.The euro weakened to the lowest since March 2006 amid a debate on Greece™s membership in the European Union. Those concerns helped push the Standard & Poor™s 500 Index of stocks toward its first four-day slump in 12 months. Last year, gold fell 1.5 percent as U.S. equities...

Xiaomi revenue doubled in 2014

Chinese mobile phone manufacturers, Xiaomi, said more than doubled its earnings in 2014, just a week after the company was named as the most valuable startups in the world.The company earn 74.3 billion yuan, or about US $ 11.97 billion in sales revenue before tax last year, up 135% from 2013.Last week, Xiaomi get funding of US $ 1.1 billion, which makes the company is now worth US $ 45 billion.This figure exceeds the value of US $ 40 given...

Asian Futures Drop as Oil Slump Sinks Stocks; Euro Holds Losses

Asian index futures signaled stocks in the region may extend a global selloff amid concern over hemorrhaging oil prices and the outlook for the euro area. The yen maintained gains with gold, while the euro held its drop. Futures on Japan™s Nikkei 225 Stock Average sank more than 1.6 percent in Chicago and Osaka, while contracts on equity gauges from Hong Kong to South Korea dropped at least 1 percent. The NZX 50 Index slipped 0.6 percent...