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Oil prices recouped more than 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week. Brent crude futures were at $68.65 per barrel at 0534 GMT, up 89 cents, or 1.3%, from their last […]

Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies. Late Wednesday, Reuters reported the U.S. administration was considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s […]

Asian stocks struggled for traction on Wednesday, as relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world’s two largest economies. Asian Stocks In opening European trade, the pan-region Euro Stoxx 50 futures were down 0.03%. Germany’s DAX futures were up 0.01% and […]

Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China’s Huawei, although fears of a further escalation in tensions kept investors on edge. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.35%. Japan’s Nikkei fell 0.4%. The blue-chip CSI300 index rose 1.0%. In New York, […]

JP Morgan is rolling out the first US bank-backed cryptocurrency As reported by The New York Times, JP Morgan officially became the first major US bank to launch a cryptocurrency called JPM coin that is going to have real-world use. It is a mistake to think that Mr. Dimon is anything but for blockchain, as […]

Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.-China trade tensions, with sentiment turning brighter after the United States said it would lift tariffs in North America. Asian Shares Australian shares underpinned the market’s firmer mood, jumping 1.7%. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.6%. […]