Thursday, December 25, 2014
Shares were mixed in early European trading Wednesday after the Dow Jones industrial average surpassed 18,000 to hit a new high. Asian shares were mostly higher, though Chinese markets were mixed in volatile trading after Shanghai's benchmark fell on Tuesday.
The dollar paused in Asia on Wednesday after rallying on the back of data that showed U.S. economic growth at its highest level in over a decade.
The Royal Bank of Scotland has withheld the bonuses of 18 staff members under investigation for possible roles in rigging the foreign exchange market, the British lender said Tuesday.
Oil prices slipped in thin pre-Christmas trade Wednesday, but analysts said losses were curbed by upbeat sentiment over a strong U.S. economic growth report.
Wednesday, December 24, 2014
The Organization of the Petroleum Exporting Countries (OPEC) will not cut oil production even if the price drops to US$20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not, Saudi Arabia said.
Major Asian stock markets fell Tuesday while Europe gained after Wall Street closed at record highs ahead of the Christmas trading break.
The greenback held steady in thin Asian trade Tuesday, supported by hopes for fresh upbeat figures on the U.S. economy and expectations the Federal Reserve will hike rates in mid-2015.
Oil prices nudged higher in Asia Tuesday on hopes of improved U.S. economy figures, but analysts said gains would be capped with dealers squaring positions for the end of the year.
Investment firm F-Squared will pay US$35 million and admit wrongdoing to settle federal regulators' charges that it defrauded investors with false advertising claims about financial performance.
Tuesday, December 23, 2014
Europe's main stock markets rose strongly on Monday in a renewed “Santa Claus rally” powered by a modest recovery in oil prices, dealers said.