GLOBAL MARKETS

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HK, China shares gain, boosted by strong earnings

Hong Kong shares were higher by midday Thursday, mainly driven by several Chinese companies that reported forecast-beating interim earnings, magnifying the lift from Wall Street gains on encouraging U.S. economic data.
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Brent Crude Holds at $110

Brent crude steadied around $110 a barrel Thursday, boosted by reduced U.S. crude stocks and positive manufacturing data but countered by economic growth uncertainties.
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Wall Street Gains as Gold Rush Ends; Apple's CEO Quits

Stocks rallied for a second day on Wednesday as investors bought beaten-down financial shares and unloaded gold, but tech stocks could fall on Thursday after late news about Apple's Steve Jobs stepping down as CEO.
100 dollar bank notes and 10,000 yen notes.

Dollar Slump Could Worsen With Bernanke QE3

Investors are agonizing over the prospect of another round of quantitative easing that could come from the Fed chairman Ben Bernanke’s Jackson Hole summit later this week.
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Wall Street Set for Fall; Bernanke Speech Awaited

U.S. shares were set to fall Wednesday, giving up some of the hefty gains of the previous session, which were based on hopes that Federal Reserve Chairman Ben Bernanke will announce measures to stimulate the economy
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European Markets Down Slightly

Beverage firms led Europe's top shares lower Wednesday, as mixed corporate results and cooling hopes over the prospect of further economic stimulus in the U.S. saw the recent rebound lose steam.
A man takes a picture of a stock index board with his mobile phone outside a brokerage in Tokyo

Asian Markets Dip after Japan Downgrade

Asian shares fell Wednesday as a rally fueled by speculation that the Federal Reserve may further shore up the struggling U.S. economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.
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Moody's Cuts Japan Rating by One Notch to AA3

Moody's Investors Service cut its rating on Japan's government debt by one notch to AA3 on Wednesday, blaming large budget deficits and a buildup of debt since the 2009 global recession.
Australian Stock Market

U.S. Stocks: Is Dow 11,000 a Top or a Bottom?

You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
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China gas tax rebate may nudge spot LNG imports up

A tax rebate on natural gas imports may accelerate China's purchases of liquefied natural gas, but only marginally given high prices for spot supplies and the nation's policy of using long-term contracts.
Workers at Amphenol factory weave intricate cables for western brands in China's Guangzhou

China Factory Output Cools in August--HSBC

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday.
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China needs to diversify FX reserves -c.bank adviser

China should diversify its huge foreign exchange reserves into non-financial assets to hedge against risks from a long-term decline in the U.S. dollar, Xia Bin, an academic adviser to the central bank said on Tuesday.

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