Oil Drops a Second Day as Venezuela Seeks OPEC Summit Amid Glut

Oil declined for a second day as Venezuela proposed an OPEC summit to stabilize prices amid a global glut. Futures slid as much as 1.9 percent in New York. Producers from outside of the Organization of Petroleum Exporting Countries including Russia will be invited to the meeting, Venezuelan President Nicolas Maduro told state-owned broadcaster Telesur. Cutting output for a short-term price gain isn’t the cure for the “sickness” affecting...

China's Central Banker Acknowledges Recent Stock Bubble

BEIJING -- The Chinese stock market bubble grew continuously through mid-June before undergoing corrections three times, the country's central bank governor explained at a recent Group of 20 meeting in Turkey, signaling that its economy is already returning to normal. Finance ministers and central bank governors from the G-20 nations gathered in Ankara for a two-day meeting that wrapped up Saturday. The People's Bank of China released...

Indeks Saham China Meningkat Pasca Hari Liburnya

Saham China meningkat ditengah pasar China daratan diperdagangkan untuk pertama kalinya sejak Rabu lalu. Sekitar 15 saham naik untuk setiap satu saham yang jatuh pada Indeks Shanghai Composite, yang naik 1% pada 09:36 pagi waktu setempat. Indeks Hang Seng China Enterprises naik 1,8% dari level terendah dua tahun. Bursa China daratan telah ditutup untuk liburan. China berusaha untuk menenangkan kekhawatiran ekonomi pada pertemuan G-20...

China Stock-Index Futures Rise as Trading Resumes After Break

China’s stock-index futures advanced as mainland markets traded for the first time since Wednesday. Contracts on the CSI 300 Index gained 2.5 percent at 9:17 a.m. local time. The Hang Seng China Enterprises Index slumped 1.4 percent to a two-year low on Friday. Mainland bourses have been closed for holidays. China worked to soothe concern over its economy at the Group of 20 gathering in Turkey at the weekend, with officials predicting...

Saham Asia Menuju Level Terendahnya Sejak 2012 Jelang Pembukaan Pasar China

Asian stocks fell, with the regional benchmark index heading for its lowest close since November 2012, as a stronger yen weighed on shares in Tokyo and investors awaited the resumption of trading in China following a holiday. The MSCI Asia Pacific Index dropped 0.5 percent to 124.17 as of 9:01 a.m. in Tokyo. The gauge slumped 4.8 percent last week, capping its seventh weekly decline, as a contraction in Chinese manufacturing reinforced...