Business

Saudi foreign minister visits Pakistan as Iran tensions deepen

Sheikh Nimr al-Nimr was among 47 people charged with terror offences and killed, mostly by beheading, across the Saudi kingdom on 2 January. "We can not have a country that attacks and burns embassies whether those embassies are British or American or Saudi", Al-Jubeir said.

Business

China willing to adjust circuit breakers

In addition, major shareholders must file their plans 15 trading days in advance of sales. On July 8 in the midst of a major equity market meltdown, Beijing said company shareholders with more than 5% stake can't sell for 6 months. "The government has confirmed that it will continue to intervene as and when needed". China is looking increasingly reactionary and the markets don't like to see someone making it up as they go along.

Business

Oil resumes decline in Asia ahead of United States stockpiles data

Brent, the global oil benchmark, settled down $US1.33 ($1.82), or 3.5 per cent, at $US36.46 a barrel. US gasoline futures slid more than 2 percent as the selloff extended to refined oil products. The price of gas at the pump is expected to drop to $2.36 a gallon in 2016 from a high of $3.36 in 2014. "There is a long way to go before global supply and demand rebalancing occurs", Angus Nicholson, a market analyst at IG in Melbourne, said by phone.

Business

United States stocks open higher, lifted by strong job gains

United Kingdom shares suffered their biggest fall in the first week of a year since 2000 despite steadying on Friday, after Chinese stocks regained some poise following a plunge the previous day that rattled global markets. Investors were spooked Thursday when the government guided the tightly controlled currency sharply lower, in what was interpreted as a panicked effort to stimulate the economy by helping beleaguered exporters.

Business

More pain for stocks as oil dives again

Eastern time. Facebook rose $2.08, or 2.1 percent, to $100 and Apple, which is trading at its lowest prices in more than a year, picked up $1.81, or 1.9 percent, to $98.26. economy is from global stresses. "It's getting into a stage where it is self-fulfilling - the weaker the yuan gets, the more selling there will be", said Hao Hong, the chief market strategist at Bank of Communications International.

Business

Stocks finally rise after insane week on Wall Street

Those halts, which were triggered twice this week, are increasingly seen as inadequate for preventing volatility. Alibaba (BABA.N), in which Yahoo has a stake, was down 6 percent at $72.72. The Chinese government, which closely controls the renminbi, has been allowing the value of the currency to decline steadily as a way to bolster the economy.