Oil steady as rally fizzles, OPEC-led cuts lend support

By Amanda Cooper LONDON, March 6 : Oil was broadly unchanged on Tuesday, as a recovery from last week’s lows fizzled out, although ongoing production restrictions by the world’s largest exporters prevented prices from falling back. The prospect of OPEC and other producers, including Russia, maintaining their crude output cuts in the face of a […]

Dollar steadies vs yen as trade war fears recede

By Masayuki Kitano SINGAPORE, Mar 6 : The dollar held steady versus the yen on Tuesday, supported by receding fears about a trade war stemming from U.S. President Donald Trump’s proposed tariffs on imported steel and aluminium. The dollar had tumbled to 16-month lows against the safe-haven yen late last week as concerns about a […]

Oil extends gains on strong demand forecasts, OPEC-led output cuts

By Jane Chung SEOUL, Mar 6 : Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement to cut output to bolster prices. International benchmark Brent crude futures were at$65.66 per barrel at 0619 GMT, up 12 cents, or 0.18 […]

Asian shares regain ground as Trump faces pushback on tariffs

By Hideyuki Sano TOKYO, Mar 6 : Asian shares regained ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminium tariffs, easing investor worries about an imminent trade war. Sentiment was also supported by receding risk aversion in Europe with the euro gaining […]

Shanghai steel hits 1-wk low on lean demand, drags iron ore

By Manolo Serapio Jr MANILA, Mar 6 : Shanghai steel futures fell for a third session in a row on Tuesday, hitting a one-week low amid tepid Chinese demand and dragging down prices of raw material iron ore to the weakest in a month. Construction activity in China is only resuming gradually after the Lunar […]

Euro pinned near day’s lows as Italian elections weigh

By Saikat Chatterjee LONDON, March 5 : The euro held near the day’s lows on Monday, reversing some early gains as an inconclusive election in Italy pointed to prolonged political uncertainty after a stronger-than-expected showing by euro-sceptic parties. The euro had risen to a two-week high above $1.2360 in Asian trading after Germany’s Social Democrats […]