Markets

  • Oil falls below $102 on US shutdown notice
    Pendragon-oil1 2013-10-01 05:51:57 UTC
    BANGKOK (AP) — The price of oil fell Tuesday after parts of the U.S. government were ordered to shut down because of a budget impasse in Washington. Benchmark oil for November delivery dropped 35 cents to $101.99 per barrel at midday Bangkok ti...
  • Asia stocks drift before Shanghai free trade plan
    Bc85a92a0d2747191a0f6a7067000c7f 2013-09-27 07:14:13 UTC
    HONG KONG (AP) — Asian stocks drifted on Friday, with markets in China edging slightly higher as investors stayed cautious ahead of a major holiday and an announcement on details on a free trade zone in Shanghai. Stocks in Tokyo slid after Japan's...
  • US pending home sales fall for 3rd straight month
    Images-13 2013-09-26 17:04:55 UTC
    WASHINGTON (AP) — Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter some buyers. The National Association of Realtors said Thursday tha...
  • Oil rebounds slightly after falling to nearly $103
    Oilbarrels 2013-09-25 05:40:44 UTC
    BANGKOK (AP) — The price of oil rose Wednesday, bouncing back slightly after a string of losses. Benchmark oil for November delivery was up 24 cents to $103.37 per barrel at midday Bangkok time in electronic trading on the New York Mercantile E...
  • US home prices rise 12.4 pct., most in 7½ years
    0868a0b2b814cc12330f6a706700a896 2013-09-24 19:41:31 UTC
    WASHINGTON (AP) — U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains. The Standard &Poor's/Case-Shiller 20-city home pri...
  • Stocks slump the most in two months on Wall Street
    Imagesca5si6bd 2014-01-14 08:18:22 UTC
    NEW YORK (AP) — The stock market had its worst day of the year so far, extending a January slump. Stocks dropped Monday as falling oil prices pushed down energy stocks. The prospect of the Federal Reserve further cutting back on its economic st...
  • World stocks higher as China factories recover
    4a6a8a72b6d0c612330f6a706700cb0f 2013-09-23 09:30:07 UTC
    BANGKOK (AP) — Global stock markets edged up Monday after a survey showed manufacturing in the world's No.2 economy rose to a six-month high last month. HSBC said the preliminary version of its monthly purchasing managers' index for China rose ...
  • Oil steady near $105 a barrel
    Oil 2013-09-23 09:13:45 UTC
    BANGKOK (AP) — The price of oil was nearly unchanged Monday, with traders taking a breather following a volatile week. Benchmark oil for November delivery was up 3 cents to $104.78 at midday Bangkok time in electronic trading on the New York Me...
  • Oil drops toward $106 as Syria tensions ease
    Crude_oil_refinery_xxx 2013-09-20 06:02:08 UTC
    BANGKOK (AP) — Progress in reaching a deal to eliminate Syria's chemical weapons helped put downward pressure on oil prices Friday. Benchmark oil for October delivery was down 31 cents to $106.09 per barrel at midday Bangkok time in electronic ...
  • Asia stocks quiet in holiday-muted trade
    9553d6e90d2647191a0f6a70670069c1 2013-09-20 04:37:51 UTC
    BANGKOK (AP) — Japan's benchmark stock index rose modestly but markets elsewhere in Asia were quiet or closed Friday, two days after the Fed announced it would keep its unprecedented stimulus program in place. The Nikkei 225 index in Tokyo rose...
  • US home sales hit 6½-year high but could slow soon
    Fe_pr_121024housing425x282 2013-09-19 16:16:33 UTC
    WASHINGTON (AP) — U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further. Yet the gain could represent a temporary peak if higher rates slow sales in comi...
  • World stocks rise as Fed wraps up 2-day meeting
    61d71be84458a811320f6a706700f25a 2013-09-18 09:42:15 UTC
    BANGKOK (AP) — World stock markets rose modestly Wednesday as investor tensions eased before the Federal Reserve winds up a crucial policy meeting later in the day. The Fed is widely expected to announce a reduction in its massive bond-buying p...
  • European auto sales hit new low
    Vw's_audi_luxury 2013-09-17 20:00:35 UTC
    FRANKFURT, Germany (AP) — Car sales in Europe are still sagging despite the return of modest economic growth. For the first eight months of the year, passenger car sales in the European Union were off 5.2 percent to 7.84 million compared with t...
  • Oil falls below $106 ahead of Fed policy meeting
    163223_49574115 2013-09-17 07:39:28 UTC
    BANGKOK (AP) — The price of oil fell below $106 a barrel Tuesday, anticipating that the U.S. Federal Reserve's two-day policy meeting will end with an announcement to scale back its unprecedented monetary stimulus. Benchmark oil for October del...
  • Oil edges down toward $108 as Syria talks continue
    11031058-large 2013-09-13 07:25:30 UTC
    BANGKOK (AP) — Oil prices fell slightly Friday as the U.S. and Russia held discussions in Geneva aimed at getting Syria to give up its chemical weapons. Talks between U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov...
  • Oil rises past $106 ahead of Fed policy decision
    Crude_oil_refinery_xxx 2013-09-18 09:41:08 UTC
    BANGKOK (AP) — The price of oil rose Wednesday, regaining some of the ground lost this week as oil traders prepared for an expected reduction in the U.S. Federal Reserve's massive monetary stimulus. Benchmark oil for October delivery was up 80 ...
  • Easing of concerns over Syria boost Asian shares
    0d9c48231c935012330f6a70670015b7 2013-09-10 04:55:55 UTC
    MANILA, Philippines (AP) — Asian shares were mostly higher Tuesday, boosted by good data from Japan and China and some easing of concerns over Syria after Russia offered to press Damascus to put its chemical weapons under international control. ...
  • US exempts EU nations from Iran oil sanctions
    Mideast_iran_oil_12409803_wide-4c841235b85fe78abb8ec75850067327dae11b28-s6-c30 2013-09-07 07:12:46 UTC
    WASHINGTON (AP) — The U.S. granted exemption from Iran sanctions to 10 European countries and Japan on Friday because all of them have significantly reduced or halted oil imports from the Islamic Republic. Japan continues to import oil from Ira...
  • Asia stocks tentative ahead of US jobs report
    Bc85a92a0d2747191a0f6a7067000c7f 2013-09-06 05:41:38 UTC
    BANGKOK (AP) — Asian stock markets were tentative Friday, exercising prudence ahead of a key U.S. jobs report. Jitters remained over Syria's civil war and whether the U.S. would launch a punitive strike against President Bashar Assad's regime f...
  • Stocks edge higher after encouraging jobs reports
    263e980893f5590f310f6a7067009500 2013-09-05 17:32:12 UTC
    NEW YORK (AP) — Stocks edged higher Thursday after a pair of reports provided more evidence that the U.S. is maintaining a slow but steady economic recovery. The number of Americans seeking unemployment benefits dropped last week and is near th...
  • Oil dips but stays over $108 before US job report
    11031058-large 2013-09-06 05:39:48 UTC
    BANGKOK (AP) — The price of oil dipped slightly Friday ahead of the release of a key U.S. employment report. Benchmark oil for October delivery was down 3 cents at $108.34 per barrel at midday Bangkok time in electronic trading on the New York ...
  • Oil hovers below $107 as tensions over Syria ease
    Oil 2013-09-03 08:02:08 UTC
    BANGKOK (AP) — Oil prices fell further Tuesday as President Barack Obama's struggle to win support for U.S. military intervention in Syria diminished expectations of an attack. Benchmark crude for October delivery was down 95 cents to $106.70 p...
  • Oil drops below $108 as US weighs Syria options
    Gty_oil_sands_mi_130301_wblog 2013-08-31 19:43:00 UTC
    The price of oil fell below $108 a barrel Friday as an imminent U.S. attack on Syria appeared less likely. President Barack Obama says he hasn't made a final decision about a military strike against Syria. But he is considering a limited and na...
  • Oil lease sale: 21M acres in western Gulf
    Crude_oil_refinery_xxx 2013-08-29 02:55:11 UTC
    NEW ORLEANS (AP) — ConocoPhillips Co. had $50.3 million in high bids, including the day's highest single bid of $30.5 million, in the second-smallest federal oil lease sale for tracts off the Texas coast since area-wide sales began in 1983. Ove...
  • Why the stock market is having a chilly August
    Im1beb2ujpn8 2013-08-21 07:53:28 UTC
    NEW YORK (AP) — It's been a chilly August for the stock market. At the start of the month, the Dow Jones industrial average and Standard & Poor's 500 index hit all-time highs. Now the market is down 4 percent from its peak, and August is on tra...