Oil prices fell below $51 a barrel on Monday as stock markets sputtered, erasing early gains on expectations that rich nations' efforts to stimulate their economies may help end the global downturn sooner than expected.
Oil prices rose toward $53 per barrel on Monday, buoyed by expectations that rich nations' efforts to stimulate their economies may help end the global downturn sooner than expected.
Oil prices rose above $53 per barrel on Monday, buoyed by expectations that rich nations' efforts to stimulate their economies may help end the global downturn sooner than expected.
G20 leaders convinced investors they were united enough to keep a risk-taking rally alive on Friday, lifting Asian stocks a fourth day, but the U.S. dollar fought back from early losses ahead of the latest U.S. payrolls number due later in the day.
Efforts by G20 leaders convinced investors that policy makers were united enough to keep a risk taking rally alive on Friday, pushing up Asian equities for a fourth day and knocking the yen to a six-month low against the Australian dollar.
World leaders on Thursday clinched a $1.1 trillion deal to combat the worst economic crisis since the Great Depression, and tightened the rules to stop it happening again.
World leaders agreed a trillion-dollar deal on Thursday to combat the deepest economic downturn since the Great Depression.
Oil rose more than $4 per barrel to above $52 on Thursday as the G20 summit in London raised hopes of a package of measures to restore global growth.
World leaders will impose new financial rules on Thursday and triple the war chest of the IMF to fight the worst economic crisis since the 1930s, monetary sources at the G20 summit said.
Oil rose more than $3 per barrel to above $51 on Thursday as rising equities markets bolstered sentiment during a G20 summit which investors hoped would deliver measures to restore global growth.
Oil rose more than $3 per barrel to around $51 on Thursday as rising equities markets bolstered sentiment during a G20 summit which investors hoped would deliver measures to restore global growth.
Asian stocks shot to a three-month high on Thursday, building a three-day rally on hopes the U.S. economy has bottomed, while the euro was firm before a European Central Bank meeting at which rates may be cut for the last time in a while.
Asian stocks rose on Thursday, with investors seeing a sliver of hope the U.S. economy has bottomed, while the euro edged up before a European Central Bank meeting at which rates may be cut for the last time in a while.
Asian stocks dipped on Friday, but still headed for their best weekly gain in four months as hopes the global economy could not get any worse continue to bolster riskier assets.
Asian stocks rose on Friday, trying for a fifth day of gains, as hopes the global economy could not get any worse kept investors buying riskier assets, though U.S. and Japanese data left some doubts lingering.
Asian stocks rose to their highest in nearly three months on Thursday, led by energy and financial shares, and oil climbed on hopes the U.S. economic slowdown may be easing.
Asian shares hit their highest level in 11 weeks on Thursday on hopes the U.S. economic downturn may be easing, while the dollar recovered after its latest wobble about its status as the main reserve currency.
Mitsubishi UFJ Financial Group Inc and Morgan Stanley are set to announce this week a merger of their securities businesses in Japan, a source said, creating a new powerhouse to rival industry leaders Nomura Holdings and Daiwa Securities Group .
Mitsubishi UFJ Financial Group Inc is likely to take a 60 percent interest in the venture it is forming with Morgan Stanley to merge their brokerage subsidiaries in Japan, the Nikkei business daily said on Wednesday.
Mitsubishi UFJ Financial Group Inc is likely to take a 60 percent interest in the venture it is forming with Morgan Stanley to merge their brokerage subsidiaries in Japan, the Nikkei business daily said on Wednesday.
U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp rally fueled by better than expected housing data and by Washington's plan to help banks get rid of troubled assets.
Big Japanese manufacturers have grown increasingly bleak about business conditions in the last three months, suggesting a key central bank survey due next week could show the corporate mood is at its worst in about 34 years.
