Category: News Group

Asian Stocks Mostly Higher

Major stock markets in Asia mostly rose on Thursday after record gains on Wall Street overnight, on optimism for more aid after Joe Biden’s inauguration. Traders welcomed the World Health Organization’s plan to approve...

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Palm Oil Extends Losses

Malaysian palm oil futures fell below MYR 3,400 a tonne, moving further away from a decade high of MYR 3,877 hit on January 6th, as inventories remain at high levels while global production is likely to recover in the second...

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Oil Prices Inch Higher

Oil prices rose on Tuesday, amid optimism that US fiscal stimulus will support global economic growth and crude demand. Traders were also upbeat after data showing Chinese refiners processed record volumes of crude in December....

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Oil Prices Down

Oil prices dropped on Monday, with WTI crude falling 0.3% to $52.18 a barrel, while Brent oil declining 0.5% to $ 54.84 a barrel at around 06:45 AM GMT, amid concerns that surging COVID-19 globally could jeopardize the market’s...

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Chinese Economy Remains Robust

The Chinese economy advanced 6.5% yoy in Q4, after a 4.9% growth in Q3, above market consensus of 6.1%. The latest reading pointed to pre-pandemic growth rates, with industrial output rising the most in 3-1/2 years in December....

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Oil Little Changed

Oil prices were little changed on Thursday as traders weighed the prospects of imminent fiscal stimulus in the US against an impeachment of President Donald Trump on Wednesday by the US House for a historic second time. Also,...

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