Oil close to late-2014 highs on supply cuts, strong demand

By Henning Gloystein SINGAPORE, Apr 20 : Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts as well as strong demand gradually draw down excess supplies. Brent crude oil futures were at $73.79 per barrel at 0440 GMT, up 1 cent from their last close. U.S. […]

Most fall as tech sell-off drags broader Asia lower; Philippines recovers

By Nikhil Nainan Undated, Apr 20 : Most Southeast Asian stock markets slipped on Friday tracking broader Asia which was hit by a sell-off in technology stocks, while Philippine shares regained some ground following a sharp fall in the previous session. MSCI’s broadest index of Asia-Pacific shares outside Japan was trading 1 percent lower as […]

Australia shares lose steam as materials retreat; NZ down

By Chris Thomas Undated, Apr 20 : Australian shares eased on Friday as the recent commodity prices rally paused for breath, while a weak finish on Wall Street overnight, fuelled by concerns about smartphone demand, weighed on wider sentiment. The S&P/ASX 200 index fell 0.1 percent or 7.4 points to 5,873.6 by 0303 GMT, but […]

Australia, NZ dlrs downbeat on diverging rate outlook

By Swati Pandey and Charlotte Greenfield SYDNEY/WELLINGTON, Apr 20 : The Australian and New Zealand dollars hit multi-day lows on Friday and were poised to finish the week in the red as traders wagered interest rates in both countries will remain at record lows for a long time to come. The Australian dollar fell as […]