European markets dip as trade war, Brexit pessimism weigh

By Julien Ponthus LONDON, Sep 24 : European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied as U.S. sanctions restricted Iranian crude exports. The benchmark index for euro zone blue chips retreated 0.4 percent, while […]

Asian firms shuffle production around the region as China tariffs hit

By Ju-min Park and Makiko Yamazaki SEOUL/TOKYO, Sep 23 : A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump’s tariffs on Chinese imports. Companies including SK Hynix of […]

Dollar snaps losing streak; pound bounces

By Saikat Chatterjee LONDON, Sep 24 : The dollar edged higher on Monday, snapping a two-week losing streak, as investors bought the greenback before a widely expected interest rate hike by the U.S. central bank this week while trade war concerns checked investor appetite for risk. The dollar had struggled as trade war concerns faded […]

Oil jumps 2 per cent in tightening market; traders tip more gains

By Henning Gloystein SINGAPORE, Sep 24 : Oil prices rose about 2 percent on Monday as markets tightened ahead of Washington’s new sanctions against Iran, with some traders forecasting a spike in crude to $100 per barrel. Brent crude futures jumped to the highest level since May at $80.43 per barrel, and were up $1.57, […]

Asian shares wobble on fear of long U.S.-China trade war; oil rallies

By Swati Pandey SYDNEY, Sep 24 : Asian shares stumbled in holiday-thinned trading on Monday as China’s decision to cancel talks with the United States sparked fears of a protracted trade war, while oil rallied as Saudi Arabia ruled out increasing supplies to cool crude prices. U.S. stock futures slipped 0.2 percent, while spreadbetters pointed […]

Yen gets brief lift as China cancels trade talks, releases white paper

By Wayne Cole SYDNEY, Sep 24 : The safe-haven Japanese yen blipped briefly higher on Monday as investors reacted to news China had cancelled trade talks with the United States, just as the latest round of two-way tariffs kicked in. The trade-exposed Australian dollar went the other way, taking an early hit after China also […]