Asian share markets fell on Thursday after a second big sell-off in commodities in less than a week cut investor appetite for riskier investments and boosted the U.S. dollar, although oil prices clawed back some losses in early trade.
Oil prices tumbled nearly 5 percent on Wednesday, as easing supply concerns sent gasoline into a tailspin that briefly forced trading on the New York Mercantile Exchange to stop.
Telecom equipment maker Alcatel-Lucent
sees no end in sight to booming demand in the United States as major operators invest to keep up with a data overload driven by smartphones and streaming video.Oil prices tumbled 4 percent on Wednesday, dragged down by a plunge in gasoline futures that triggered a brief halt in trade on the New York Mercantile Exchange.
Alibaba Group's latest message to Yahoo sounds a lot like the last one: it wants its shares back.
The Chinese economy may be in trouble and the stock market seems to acknowledge the dangers.
U.S. stocks faltered on Wednesday after a three-day rally as a strengthening dollar and data showing a rise in U.S. fuel supplies sent crude oil prices lower, hurting energy stocks.
U.S. exports hit a record high in March, buoyed by the weak dollar and strengthening global demand as U.S. trade returned to levels last seen before the global financial crisis.
Yahoo shares fell as much as 8.6 percent on Wednesday after the controller of Alibaba Group, which includes China's largest e-commerce company Alibaba.com <1688.HK>, took full control of Alipay, a Chinese online payment business.
U.S. exports hit a record high in March, buoyed by the weak dollar and strengthening global demand as U.S. trade returned to levels last seen before the global financial crisis.
U.S. stocks faltered on Wednesday after a three-day rally as falling crude prices hurt energy stocks and disappointing Disney earnings dragged down the Dow industrials.
U.S. exports set a record in March, buoyed by the weak U.S. dollar and strengthening global demand as U.S. trade flows returned to levels last seen before the global financial crisis.
The U.S. trade deficit widened more than expected in March, as exports leapt to a new record but imports rose nearly 5 percent as oil prices jumped, a U.S. government report showed on Wednesday.
U.S. stocks fell on Wednesday after a three-day rally as Disney results weighed on the Dow industrials and a slide in crude prices hurt energy stocks.
Anish Kapoor had dedicated his new monumental art piece 'Leviathan' to Chinese artist Ai Weiwie, who was is custody by Chinese authorities for unspecified crimes.
The operator of Japan's tsunami-crippled Fukushima Daiichi nuclear station said on Wednesday that it has sealed a fresh leak of radioactive water at the plant that it suspected was seeping into the ocean.
Gold rallied to one-week highs at $1526 per ounce in Wednesday morning trade - a gain of 4.3% from last Friday's low - before falling back as world stock markets also cut their rally. Silver has now regained a third of its losses since falling over 30% from a 31-year peak of $48.70 at the end of April.
A commodities crash – or at least a severe correction – may be coming in 2011.
Remarks by the President on Comprehensive Immigration Reform in El Paso, Texas
U.S. stocks were set to open little changed on Wednesday as investors sorted through company news to find reasons to lift the market further after three days of gains.
The U.S. trade deficit widened more than expected in March, as rising oil prices helped push imports nearly 5 percent higher while exports leapt to a new record, a U.S. government report showed on Wednesday.
HSBC's new boss is to cut back in retail banking and may sell its U.S. credit card arm in a bid to cut $3.5 billion in costs and revive flagging profits.
