Aust dollar Slips on Oil, RBA

The Australian dollar has drifted lower following the Reserve Bank’s widely anticipated decision to leave interest rates unchanged for the tenth straight month. At 700am (AEDT) on Wednesday, the local unit was trading at US70.50c, down from US70.70c on Tuesday. At its first board meeting of 2016, the central bank on Tuesday left interest rates unchanged at a record low of two per...

Oil Tumbles Below $30 a Barrel as U.S. Crude Supply Seen Rising

Oil dropped below $30 a barrel in New York before government data forecast to show U.S. crude stockpiles expanded, exacerbating a global glut. Gasoline tumbled to a seven-year low. Crude fell 5.5 percent, adding to Monday’s 6 percent slump. Supplies probably rose by 4 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report Wednesday. The Russian leg of Venezuelan Oil Minister Eulogio...

Asian Stocks Decline as Global Selloff Spreads Amid Oil's Rout

Asian stocks fell, with the regional benchmark index heading for a second day of declines, as the rout in oil spurred a global selloff of risk assets amid deepening concern that global growth is weakening. The MSCI Asia Pacific Index dropped 1.1 percent to 120.47 as of 9:08 a.m. in Tokyo. Oil’s collapse and worries about a China slowdown have continued to roil markets around the...

Japan Stocks Fall Second Day as Oil Tumbles on Growth Concerns

Japanese stocks fell for a second day, following global equities lower, as investors shunned risk assets amid the biggest two-day drop in oil prices in almost seven years. The Topix index dropped 1.6 percent to 1,429.06 as of 9:02 a.m. in Tokyo, as investor jitters about the pace of global economic growth stymied a short-lived rally after the Bank of Japan’s surprise decision on...

Hong Kong shares end lower despite rebound in mainland stocks

Hong Kong shares ended lower on Tuesday, uninspired by a sharp rebound in mainland stocks, as energy shares led falls. The Hang Seng index fell 0.8 percent, to 19,446.84, while the China Enterprises Index lost 1.1 percent, to 8,058.83 points. Source : Reuter...