Bernanke disappoints markets with no stimulus hint
Global markets turned lower after Fed Chairman Ben Bernanke gave a gloomy assessment of the economy but offered no hint the central bank might offer new stimulus. Home/Business/Markets…
Can EU deal lift stocks for more than a day?
US stocks finished the first half of the year with a bang as investors welcomed the latest agreement aimed at solving the euro-zone debt crisis – but will Friday’s rally…
China shares up 0.4pc, dairy stocks hit
China’s main stock index closed up 0.4 per cent on Monday, after pro-bailout parties in Greece won a slim parliamentary majority, easing fears that Greece may exit the euro zone.…
Dow slips as China acts to boost growth
Stocks fell on Wall Street on Friday as investors looked toward upcoming economic reports in China and the US and decided they were likely to be disappointed. Home/Business/Markets…
Nervous traders sell euro across Asia
The euro slipped in Asian trade on Monday amid global growth concerns while the dollar rebounded from losses at the end of last week following a dismal jobs report. Home/Business/Markets…
US stocks sink on dismal economic data
US stocks dropped more than two per cent Friday, with the Dow turning negative for the year for the first time, after poor labour market figures showing a meager 69,000…
Yuan limps to close after record monthly fall
The yuan finished flat on Friday after posting the biggest monthly drop on record in May as the Chinese currency becomes increasingly sensitive to external economic pressures. Home/Business/Markets…
Yuan hits fresh low, slow depreciation seen
The yuan fell against the dollar on Wednesday, hitting a fresh low for this year, as the dollar index reached its highest level since September 2010 in Asian trade. Home/Business/Markets…
Greek turmoil stokes crisis in euro zone
Fears that a Greek exit from the euro zone will worsen the debt crisis facing other European nations roiled financial markets yesterday, with Hong Kong’s Hang Seng index posting its…
