international standard

VIENNA | Oil prices spike on mooted production cut

VIENNA— Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. Following a morning meeting of the Organization of the Petroleum Exporting Countries, Iraq Oil Minister Thamir Ghadhban told reporters the proposed cut would be made up of 800,000 … Continue reading VIENNA | Oil prices spike on mooted production cut

Dow slides 700 points as US stocks veer sharply lower

U.S. stocks veered sharply lower in afternoon trading Tuesday, pulling the Dow Jones Industrial Average down 700 points. The wave of selling erased the market’s gains from a day earlier, when stocks rallied on news that the U.S. and China had agreed to a temporary truce in their trade dispute. Investors’ confidence in that truce … Continue reading Dow slides 700 points as US stocks veer sharply lower

TOKYO | Markets cautious as world leaders head to summit

TOKYO  — Global stocks were modestly higher Wednesday as world leaders began heading for a G-20 summit where trade wars, oil prices and other key issues to the economy will likely be discussed. KEEPING SCORE: France’s CAC 40 was up 0.4 percent at 5,004.04, while Germany’s DAX added 0.2 percent to 11,333. Britain’s FTSE 100 … Continue reading TOKYO | Markets cautious as world leaders head to summit

SINGAPORE | World markets rally, pound rises on hard-fought Brexit deal

SINGAPORE — World markets were mostly higher on Monday as traders cheered a long-awaited deal bolstering Britain’s exit from the European Union, even as opposition was rife. KEEPING SCORE: In Europe, Germany‘s DAX index was 1.2 percent higher at 11,329.40 and France’s CAC 40 rallied 1.4 percent to 5,015.15. Britain’s FTSE 100 index was up … Continue reading SINGAPORE | World markets rally, pound rises on hard-fought Brexit deal

S&P 500 slides into ‘correction’ for second time this year

U.S. stocks closed lower after a shortened session Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent below its most recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level in more than a year, reflecting … Continue reading S&P 500 slides into ‘correction’ for second time this year

SINGAPORE | Oil price nosedives again on economic growth concerns

SINGAPORE— The price of oil plunged Friday, adding to recent losses, on concerns that economic growth will soften, eroding demand for energy. Stock markets were less volatile, though trading was thin as U.S. markets are set to open for only a half day after the Thanksgiving holiday. ENERGY: The benchmark U.S. crude contract fell $3.80, … Continue reading SINGAPORE | Oil price nosedives again on economic growth concerns

SINGAPORE | World markets mixed, with Trump-Xi meet in spotlight

SINGAPORE— World markets were mixed Friday ahead of a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, who will attempt to soothe a trade dispute that shows no signs of abating. KEEPING SCORE: In Europe, Germany’s DAX index was 0.3 percent higher at 11,171.96 and France’s CAC 40 rose 0.2 percent to … Continue reading SINGAPORE | World markets mixed, with Trump-Xi meet in spotlight

SINGAPORE | Asian shares climb on strong US corporate earnings, data

SINGAPORE  — Asian markets rose on Wednesday as robust U.S. corporate earnings and encouraging data assuaged worries about softening global growth. KEEPING SCORE: Japan’s benchmark Nikkei 225 jumped 1.3 percent to 22,842.12. The Kospi in South Korea advanced 1.1 percent to 2,169.20. The Shanghai Composite rose 0.1 percent to 2,548.88. Australia’s S&P/ASX 200 gained 1.2 … Continue reading SINGAPORE | Asian shares climb on strong US corporate earnings, data