Dollar stays near a 7month peak, but trade tensions limit gains

By Shinichi Saoshiro TOKYO, June 18 : The dollar edged up towards a seven-month high on Monday as investors bet the United States and China would avoid a full-blown trade war, although tensions between the two slowed its gains. The dollar index versus a basket of six major currencies crept up 0.1 percent to 94.862. […]

U.S. oil slumps as China threatens duty on U.S. crude imports

By Henning Gloystein SINGAPORE, June 18 : U.S. oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington. U.S. West Texas Intermediate (WTI) crude futures were at $63.84 a barrel, down $1.22, or 1.9 percent, from their last settlement. In an escalating spat over the […]

Asian shares fall as U.S.-China trade spat escalates

By Hideyuki Sano and Swati Pandey TOKYO/SYDNEY, June 18 : Asian shares fell on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. Fears of a global trade war added to pressure on oil prices, which extended Friday’s big […]

Euro on track for worst week in 19 months on ECB’s cautious stance

By Shinichi Saoshiro TOKYO, June 15 : The euro on Friday was headed for its worst weekly loss in 19 months after a cautious European Central Bank signalled it will keep interest rates at record lows well into next year. Following a closely-watched meeting on Thursday, the ECB said it will end its massive bond […]

Wheat falls on high supplies, soy sets 10-month low

By Nigel Hunt LONDON, June 14 : Chicago wheat futures fell on Thursday on long liquidation by funds against the backdrop of surplus supplies while soybean prices sank to a 10-month low as heightened concerns over relations between Washington and Beijing weighed on the market. The Chicago Board of Trade’s most-active wheat contract was down […]