Oil Drops a Third Day as Libyan Production Adds to Global Glut

Oil fell for a third day as rising Libyan output added to speculation that unyielding OPEC production will prolong a global glut.Futures slid as much as 0.5 percent in New York. Libya, a member of the Organization of Petroleum Exporting Countries, is pumping 500,000 barrels a day, said an unidentified official from National Oil Corp., Libya News Agency reported. Drillers in the U.S. reduced the number of active rigs for a 27th straight...

Gold Extends Climb as Greek Talks Collapse Without Bailout Deal

Gold rose after last-ditch negotiations between representatives of the Greek government and its creditors collapsed on Sunday, boosting demand for a haven.Bullion for immediate delivery added as much as 0.4 percent to $1,186.57 an ounce and was at $1,184.77 by 7:36 a.m. in Singapore, according to Bloomberg generic pricing. The metal advanced 0.8 percent last week, the first gain since May 15.The European Commission said talks in Brussels...

Hong Kong Stocks Down 0,68% at Open

Hong Kong stocks slipped 0.68 percent in opening trade Monday following losses on Wall Street, and with investors spooked by a collapse in Greece's debt talks that increased the chances it will default and exit the eurozone.The Hang Seng Index eased 185.36 points to 27,095.18.Source : AF...

Asian Stocks Slip With Euro as Greek Talks Fail; Oil, Wheat Drop

Asian stocks fell with U.S. index futures, and the euro weakened, after talks between Greece and its creditors broke down without a deal on bailout aid. Oil extended losses with wheat, while Treasury futures rose.The MSCI Asia Pacific Index slipped 0.5 percent by 9:24 a.m. in Tokyo, halting a three-day climb as equity gauges in Japan, Australia and South Korea sank at least 0.4 percent. Standard & Poor’s 500 Index futures dropped...

Japanese Stocks Decline on Yen as Greek Bailout Talks Fall Apart

Japanese stocks fell as the yen strengthened against the euro after the latest round of talks between Greece and its creditors broke down without a deal on bailout aid.Nippon Sheet Glass Co. dropped 1.5 percent. Toyota Motor Corp., declined 0.7 percent. DeNA Co., gained 1.6 percent. Nichirei Corp. surged 5.6 percent, the most on the Nikkei 225 Stock Average.The Topix dropped 0.7 percent to 1,639.64 as of 9:13 a.m. in Tokyo, with all but...