Gold pressured as Fed reiterates rate hike bias

Gold prices fell on Wednesday as the U.S. central bank reiterated its commitment to raising interest rates some time in the latter part of the year. Gold for February delivery dropped $5.80, or 0.5%, to settle $1,285.90 an ounce but the precious metal pared some of its earlier losses after the Federal Reserve™s policy statement. March silver futures recovered to close flat at...

Dollar Rises as Central Banks Diverge After Singapore Eases

The dollar rose to almost the highest in a decade with the Federal Reserve seen continuing to move toward raising interest rates after Singapore became the latest nation to ease monetary policy, highlighting the diverging paths of global central banks. The greenback advanced versus the euro amid plunging Greek markets as Prime Minister Alexis Tsipras stood by pledges to renegotiate...

U.S. Stocks Decline as Energy Slump, Fed Overshadow Apple Rally

U.S. stocks fell, sending the Dow Jones Industrial Average to its biggest two-day loss in a year, as energy shares plunged and the Federal Reserve cited international risks to the American economy amid concerns about weakness in multinational earnings. Energy companies slumped 3.9 percent as a group after oil retreated. Apple Inc. climbed 5.7 percent after reporting a record $18...

U.S. Stocks Advance as Apple, Yahoo Spur Tech Rally Before Fed

U.S. stocks rose, with the Nasdaq 100 Index rebounding from its biggest drop since April, as Apple Inc. and Yahoo! Inc. rallied while investors awaited a Federal Reserve decision on interest rates. The Nasdaq 100 added 1.5 percent at 9:32 a.m. in New York, after a 1.2 percent drop Tuesday. The Standard & Poor™s 500 Index increased 0.6 percent to 2,041.93. Disappointing results from Caterpillar Inc. and Microsoft Corp. weighed on...

Hong Kong Share end 0.22% Higher

Hong Kong shares edged up 0.22 percent Wednesday, reversing morning losses as investors brushed off a heavy sell-off on Wall Street that was fuelled by weak US data and disappointing corporate reports.The benchmark Hang Seng Index gained 54.53 points to 24,861.81 on turnover of HK$80.37 billion (US$10.37 billion).But in mainland China the benchmark Shanghai Composite Index fell 1.41 percent, or 47.22 points, to 3,305.74 on turnover of 341.6...