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Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela’s crude exports as Caracas descends further into political and economic turmoil. International Brent crude oil prices futures were at $61.89 a barrel at […]

Asian shares inched up in subdued trade on Thursday after Wall Street ended higher, but political uncertainty in the United States and worries about weakening global economic growth kept many investors on the sidelines. Stocks MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) added 0.3 percent. Australian shares (AXJO) were flat. Shanghai Composite (SSEC) […]

The dollar was hamstrung versus its rivals on Thursday, restrained by concerns over global growth, the U.S. government shutdown and a yet-unresolved U.S.-Sino trade dispute. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, chief operating officer at Rakuten Securities. The Aussie dollarwas a big mover […]

European shares inched higher on Thursday as better-than-expected results from chipmaker STMicro delivered a boost to the tech sector, while oil stocks weighed on the market. European Shares The pan-European STOXX 600 (STOXX) gained 0.1 percent by 0843 GMT, in line with Germany’s DAX (GDAXI) while Britain’s FTSE 100 (FTSE) fell 0.4 percent. Chipmaker STMicroelectronics […]

Asian stocks trod water on Wednesday as concerns over the outlook for global economic growth and the ongoing Sino-U.S. trade war kept investors away from riskier assets. Stocks Britain’s FTSE losing 0.3 percent. Germany’s DAX slipping 0.2 percent. France’s CAC shedding 0.4 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.15 percent. The Shanghai Composite Index was last down 0.15 percent, […]

U.S. dollar steady against other major currencies on Wednesday. The yen was lower as risk sentiment improved, but concerns over slowing global growth and U.S-China trade tensions looked likely to keep gains in riskier assets in check. The U.S dollar index, which measures the grennback’s strenght against a basket of six major currencies, was at […]