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Tokyo stocks down more than 3% by break, extending global slump

TOKYO (AFP) - Tokyo stocks slumped more than three percent Wednesday morning, extending a drop on global markets as a stronger yen hit exporters and falling oil prices reignited worries about the world economy.As the euphoria of Friday's Bank of Japan stimulus faded, oil's fresh collapse b...

Updated : 2016.02.03 14:23

Oil prices could jump 50% by end of 2016

Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.Analysts are projecting prices will climb more than $15 by the end of 2016. New York crude will reach $46 a barrel during the fourth quarter, while...

Updated : 2016.02.03 14:20

Oil prices rally more than 4%

Oil prices leaped from 12-year lows Thursday, lifted by a swing to optimism on equity markets after steep losses since the beginning of the year.US benchmark West Texas Intermediate for March jumped $1.18 (4.2 percent) to $29.53 a barrel on the contract's first day of trade on the New York...

Updated : 2016.01.22 14:09

Russia volatility soars as oil below $30 dims investor outlook

The largest exchange-traded fund tracking Russian equities has made the worst start to a year on record with over 50 percent of the stocks the ETF holds losing more than 10 percent so far in 2016.The Market Vectors Russia ETF advanced 1.9 percent to $12.42 on Thursday, narrowing its loss t...

Updated : 2016.01.22 14:07

Anxiety in the air as Davos World Economic Forum kicks off

DAVOS, Switzerland (AP) -- A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence in financial markets, slowdown in China and plunging oil prices.   As global stock market...

Updated : 2016.01.20 22:04

Oil dives to fresh 12-year low under $28

LONDON (AFP) - Oil plunged to fresh 12-year lows under $28 on Wednesday, slammed by gloomy economic forecasts, China‘s slowdown and abundant crude supplies. In morning deals, US benchmark West Texas Intermediate (WTI) for February delivery tanked to $27.32 per barrel, a level last seen o...

Updated : 2016.01.20 22:00

Renault recalls vehicles over failed emissions test

Renault is recalling thousands of new vehicles to make engine tweaks, the government said Tuesday, as the French carmaker grapples with emission levels found to exceed anti-pollution norms in some of its cars.France's second biggest auto manufacturer -- in which the French state owns nearl...

Updated : 2016.01.19 20:54

Global anxiety rises as China growth falls

China's economic growth slowed to a six-year low in the latest quarter as trade and consumer spending weakened, deepening a downturn that has fueled anxiety abroad over its impact on an uncertain glob...

Updated : 2016.01.19 20:28

China to take up half of global smartphone market

One out of 2 smartphones to be sold in the global market is expected to be made by Chinese companies, posing a serious threat to current market leaders Samsung Electronics and Apple, a report showed Sunday. A total of 1.29 billion smartphones were sold last year across the world in 2015, u...

Updated : 2016.01.17 13:35

China's Haier buying GE appliance unit for $5.4 billion

BEIJING -- Haier Group, the world’s biggest home appliance maker, is buying General Electric Co.‘s appliance business for $5.4 billion to expand its U.S. and global presence.  The acquisition anno...

Updated : 2016.01.15 21:02

Tokyo stocks plunge by break after Wall St dive

TOKYO (AFP) - Tokyo stocks plunged Thursday morning after a dive on Wall Street while a pick up in the yen took a bite out of exporters like Toyota and factory robotics giant Fanuc.The Japanese market led a regional sell-off, plunging almost four percent at the start, as jittery investors ...

Updated : 2016.01.14 14:07

China's market turmoil: Worry, but don't panic

NEW YORK (AP) -- There's no reason for panic. Worry, yes, but not panic.That was the opinion of some U.S. investment strategists after another free-fall on China's main stock market reverberated around the globe Thursday and sent the Dow Jones average to a loss of nearly 400 points.Stock ...

Updated : 2016.01.08 13:50

Oil extends losses, nears $33 a barrel

SINGAPORE (AFP) - Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.At 0230 GMT, US benchmark West Texas Intermediate (WTI) for February delivery was down 60 cents at $33.37.Its close of $33.97 a barr...

Updated : 2016.01.07 12:12

Chinese stock markets closed after shares fall 7%

SHANGHAI (AFP) - China stock markets closed for the day less than half an hour after opening Thursday when shares fell more than seven percent, triggering an automatic "circuit breaker", after authorities lowered the yuan's value by the most since August.By 9.58am, when trading was halted,...

Updated : 2016.01.07 12:05

Chinese stock markets closed after shares fall

Chinese stock markets closed after shares fall 7%SHANGHAI (AFP) -- Chinese authorities for the first time closed the Shanghai and Shenzhen stock exchanges early under a “circuit breaker” mechanism t...

Updated : 2016.01.04 19:46