News

Oil rises after inventory draw eases recession worries

Oil prices rose on Wednesday, with U.S. crude gaining 1.3% after an industry report showed stockpiles in the United States fell more than expected...

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Trump rejects new tariffs on Japan auto imports ‘at this moment’

Japan claimed it wanted to lay to rest the threat of new auto tariffs before agreeing to a final trade deal with U.S. President, after he left the...

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Gold prices gain as escalating trade war sends traders fleeing from equities

On Monday gold prices rose in Asia as investors seek safe-haven from trade war fears. The gains came amid China’s announcement of new tariffs on U.S...

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Dollar in a holding pattern ahead of Fed speech

On Friday the dollar held steady in Asia on expectations U.S. Federal Reserve Chairman Jerome Powell would stick with his message that the central...

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Gold and oil prices fall as Fed reveals no plan for series of rate cuts

On Thursday gold prices fell as traders were disappointed the U.S. Federal Reserve did not reveal any plans for a series rate cuts. Gold futures for...

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Trump looking at possible tax cuts amid economic jitters

The U.S. President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales...

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Boris Johnson's bid to renegotiate Brexit starts on the Irish border

Boris Johnson, U.K. Prime Minister, made his first public attempt to renegotiate the Brexit deal by telling the European Union he wants to explore...

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Yuan wobbles on Trump trade comments, details of China rate reforms awaited

On Monday after U.S. President Donald Trump said he was not ready yet to make a trade with China, the yuan wavered. Spot yuan traded at 7.0447 per...

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