Oil Falls Amid Speculation U.S. Supply Decrease Would Not Ease Glut

Oil fell amid speculation that an unexpected U.S. crude supply decline won’t be followed by additional drops. Futures slipped 1.3 percent in New York after surging 5.2 percent Wednesday. Inventories slid by 4.94 million barrels last week as imports fell, according to an Energy Information Administration report. A meeting between OPEC members and Russia is set to take place on April 17 in Doha to discuss freezing oil production...

Yen Rallies to 1 1/2-Year High as Traders Defy Intervention Risk

The yen climbed past 108 per dollar, reaching the strongest level in almost 1 1/2 years, as demand for haven assets and the Bank of Japan’s apparent reluctance to intervene kept investors buying. The yen staged one of its biggest daily rallies since the market convulsions of August as expressions of concern from Japanese officials failed to convince traders that measures to curb the gains were imminent. The currency rose 1 percent or...

Hong Kong Share Index Little Changed Ahead of China March Economic Data (review)

Hong Kong stocks ended slightly higher on Thursday as investors sought cues for direction ahead of China's March economic data. The Hang Seng index rose 0.3 percent, to 20,266.05, while the China Enterprises Index lost 0.2 percent, to 8,647.33 points. Over the next week, China will release some key economic data for March, which will be closely monitored by investors to assess the country's economic health. Most sectors in Hong Kong,...

U.S. Stocks Tumble After Rally Amid Renewed Worries on Growth

The burst of bullishness that lifted U.S. stocks on Wednesday evaporated, with the Standard & Poor’s 500 Index posting the steepest selloff in six weeks amid renewed skepticism over global growth. The Dow Jones Industrial Average dropped more than 230 points at its worst levels, while banks in the S&P 500 fell the most since February, pacing declines amid falling bond yields as investors sought havens. A measure of volatility...

U.S. Stocks Retreat After Rally Amid Renewed Worries on Growth

The burst of bullishness that lifted U.S. stocks on Wednesday faded, with the Standard & Poor’s 500 Index sliding for a third time in four days amid renewed skepticism over global growth. Equities backtracked as they struggled to build on 2016 highs reached last week, with investors awaiting clearer signals on the economic outlook and course for interest rates. Banks in the benchmark paced Thursday’s declines amid falling bond yields,...