Oil Halts Decline as Investors Weigh Demand Against OPEC Supply

Oil halted its slide after falling the most in six weeks as investors weighed rising demand against expanding OPEC production. Futures climbed as much as 1.3 percent in New York after Monday’s 5.1 percent drop. Global demand is increasing while non-OPEC nations are supplying less, according to Abdalla Salem El-Badri, the secretary-general of the Organization of Petroleum Exporting Countries. The 12-member group sees output from other...

Aussie Halts Longest Rally Since 2009 Before China Trade Data

The Australian dollar’s longest rally in more than six years faltered amid concern an economic slowdown in China will worsen. The Aussie weakened against all 16 of its major peers before a report Tuesday that may show a further slump last month in imports into China, the South Pacific nation’s biggest trading partner. The currency had surged in the previous nine days as traders pushed back expectations for an interest-rate hike by the...

NAB Business Confidence: Sentiment Recovers as Business Embraces Malcolm Turnbull

Business confidence recovered in September from its worst reading in two years, according to the latest National Australia Bank survey, as industry captains welcomed Malcolm Turnbull's replacement of Tony Abbott as Prime Minister and global market upheaval subsided. NAB said on Tuesday that its main business confidence index jumped from 1 point in August - its lowest level since mid-2013 - to 5 points in September. The results, gleaned...

Saham Asia di zona Merah Pasca Bursa Jepang Dibuka Kembali

Saham Asia melemah, dengan indeks acuan regional ini turun dari level tujuh minggu tertinggi, seiring melemahnya saham Jepang setelah liburan dan investor menunggu data perdagangan China. Indeks MSCI Asia Pacific turun 0,3 persen ke level 133,76 pada pukul 09:00 pagi waktu Tokyo pasca meraih penutupan tertinggi pada hari Senin sejak 20 Agustus. Indeks Standard & Poor 500 naik untuk hari keempat pada hari Senin menyusul spekulasi...

Japan Topix Index Retreats From Six-Week High After Holiday

Japanese stocks fell, with the Topix index retreating from a six-week high, as trading resumed after a holiday. Energy-related shares led losses after crude oil plunged. The Topix dropped 0.5 percent to 1,507.81 as of 9:02 a.m. in Tokyo, with three shares falling for every two that rose. The Nikkei 225 Stock Average declined 0.6 percent to 18,335.29. Both gauges last week posted their biggest weekly gain since July....