Oil prices near 3-year highs, supported by healthy demand

By Julia Payne LONDON, Jan 16 : Brent crude oil dipped on Tuesday but remained near $70 a barrel, a level not seen since 2014’s dramatic market slump. Prices have been driven up by oil production curbs in OPEC nations and Russia, as well as strong demand thanks to healthy economic growth. Brent crude futures […]

Bitcoin slides 18 percent on crackdown fears; crypto rivals also plunge

By Jemima Kelly LONDON, Jan 16 : Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown. Bitcoin’s slide triggered a massive selloff across the broader cryptocurrency market, […]

Shares stay on record run, metals suffer meltdown

By Marc Jones LONDON, Jan 16 : Asia and Europe’s big bourses kept world shares on their record-breaking run on Tuesday, though a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets sprawling. MSCI’s all-country world index notched its third consecutive all-time high as growing […]

European shares pause for breath; Carillion rivals gain

By Kit Rees LONDON, Jan 15 : European stocks edged lower on Monday following two weeks of gains, with cyclical stocks among the biggest decliners while merger activity remained in focus. Shares in some competitors of Carillion rose after the long-struggling construction and support services company collapsed, with banks refusing to lend it any more […]

Dollar hits three-year low vs euro; Wall St hits new highs

By Caroline Valetkevitch NEW YORK, Jan 13 : The U.S. dollar fell to a more than three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce stimulus, while U.S. stocks continued to rally and marked record closing highs. Optimism about fourth-quarter earnings boosted stocks. Bank […]

Australia, NZ dollars take stock after scoring fresh highs

By Wayne Cole and Charlotte Greenfield SYDNEY/WELLINGTON, Jan 12 : The Australian and New Zealand dollars both hit four-month highs on Friday as their U.S. counterpart came under broad based pressure, though trade figures from China proved too mixed to provide any further impetus. The Aussie dollar broke above 79 cents for the first time […]