Oil falls slightly to near $71 in Asia after signs of improving US economy fuels rallySINGAPORE — Oil prices fell slightly to near $71 a barrel Tuesday in Asia after signs of economic recovery in the U.S. fueled stock and crude rallies. Fake currency racket busted in PunjabNAWANSHAHR - Punjab Police claimed to have busted an inter-state gang of smugglers of fake currency with international links with the arrest of four people, including a Nepali here Monday. Counterfeit currency notes with the face value of Rs.565,000 have been recovered from their possession. Oil jumps above $70 in Asia on investor optimism that economic recovery will fuel demandLONDON — Oil prices leapt above $71 a barrel Monday on mounting investor hopes that a recovering global economy will boost crude demand. Amity first Indian group to open business schools in London, SingaporeNEW DELHI - Amity, a leading education-oriented group, will become the first from India to open two new business and management-oriented campuses in London and Singapore. Crude rises to end volatile week; July will be the first monthly decline since JanuaryNEW YORK — Oil prices posted their first monthly decline since January with summer driving season petering out and petroleum stockpiles piling up. Oil hovers near $67 in Asia as optimism on economy sparks stock rallySINGAPORE — Oil prices hovered near $67 a barrel Friday in Asia after investor optimism about the economy fueled rallies in crude and stocks. Oil extends rally to above $67 in Asia as stocks jump, fueling optimism on economySINGAPORE — Oil prices jumped above $67 a barrel Friday in Asia, extending a big rally from the previous day as surging stock markets fueled investor optimism. Reformer in southern China seeks to battle corruption, revamp economyGUANGZHOU, China — One of Wang Yang’s favorite slogans is “Free your thinking,” and many believe the economic reformer will soon be one of China’s top leaders unless he stumbles on his current job: running Guangdong — the nation’s richest province. Singapore Airlines posts first quarterly loss since 2003 as revenue plungesSINGAPORE — Singapore Airlines Ltd. posted its first quarterly loss since 2003 as tourism dropped and travelers sought budget carriers amid a global recession. Oil hovers above $63 in Asia amid rising US crude inventories, sluggish economySINGAPORE — Oil prices paused above $63 a barrel Thursday in Asia after signs of weak U.S. crude demand triggered a sharp sell-off this week. Asian stock markets recover previous day’s steep fall; Shanghai gains over 1 percentHONG KONG — Asian markets rebounded Thursday as China tried to allay concerns it would curb lending that’s helped fuel a recovery in the region’s second-biggest economy. European markets were mixed. Oil hovers near $63 in Asia amid rising US crude inventories, sluggish economySINGAPORE — Oil prices paused near $63 a barrel Thursday in Asia after signs of weak U.S. crude demand triggered a sharp sell-off this week. Earnings lift European markets despite US declines; oil price slides $4 a barrel.LONDON — European stock markets rose Wednesday after generally positive corporate earnings, but Wall Street slipped after weak industrial data stoked renewed concerns that the U.S. economy may not recover as soon as many investors have been predicting. European stocks trim gains as US opens down after soft industrial dataLONDON — European stock markets gave up early gains Wednesday, as Wall Street opened lower on weak industrial data. European stocks up despite expected US retreat on positive earns from Bayer, Daimler, PeugeotLONDON — European stock markets rose Wednesday after generally positive corporate earnings from leading industrial companies — though an expected retreat on Wall Street capped the gains. Oil falls below $66 in Asia as consumer confidence drop, inventories point to weak US demandVIENNA AP) — Oil prices fell below $66 a barrel Wednesday, reflecting weak demand outlook shown by a drop in U.S. consumer confidence and rising crude inventories. Oil falls below $67 in Asia as consumer confidence drop, inventories point to weak US demandSINGAPORE — Oil prices fell below $67 a barrel Wednesday in Asia as a drop in U.S. consumer confidence and rising crude inventories painted a weak demand outlook. Oil rises to near $69 in Asia, extending 3-week rally amid mixed economic, company newsSINGAPORE — Oil prices hovered near $68 a barrel Tuesday in Asia as a three-week rally stalled amid mixed economic and corporate news. Oil hovers near $68 in Asia as 3-week rally stalls amid mixed economic, company newsSINGAPORE — Oil prices hovered near $68 a barrel Tuesday in Asia as a three-week rally stalled amid mixed economic and corporate news. Crude price settle higher as stock markets hesitate on mixed economic dataOil prices pushed higher again on Monday, as stock markets dipped with mixed signals on the economy. Oil rises above $68 in Asia as economic recovery hopes fuel 3-week rallySINGAPORE — Oil prices rose above $68 a barrel Monday in Asia as a rally fueled by an improving economic and corporate outlook extended into a third week. Oil holds above $67 in Asia as signs of improving US economy trigger rallyOil prices held above $67 a barrel Friday, adding to gains made overnight, as world stock markets rallied on signs of improvement in the U.S. economy. South Korea’s economy surges to highest growth in 5½ years in second quarterSEOUL, South Korea — South Korea’s economy recorded its strongest growth in 5½ years in the second quarter as increased government spending and record low interest rates insulated it from the global recession. South Korea’s economy surges to highest growth in 5 1/2 years in second quarterSEOUL, South Korea — Government pump-priming and easy credit jolted South Korea’s economy to its fastest growth in nearly six years in the second quarter, adding to evidence Asia is rebounding from the global slump. Oil drifts below $67 in Asia as signs of improving US economy trigger rallySINGAPORE — Oil prices drifted below $67 a barrel Friday in Asia but mostly held onto gains made overnight amid signs of an improving U.S. economy. Oil hovers above $65 in Asia as mixed US investory data slows 2-week rallySINGAPORE — Oil hovered above $65 a barrel Thursday in Asia as U.S. crude inventory data reflected a mixed demand picture, slowing a two-week rally. India presses for anti-terror convention, to sign ASEAN FTA in October (Roundup)PHUKET - At the meeting of foreign ministers of the ASEAN and East Asia region here Wednesday, India reminded the world of the 26/11 Mumbai attacks and the recent Jakarta bombings, as it pressed for greater intelligence sharing and an early adoption of a UN convention on international terrorism to defeat the scourge. APEC extends pledge to raise no new trade barriers amid global recessionSINGAPORE — A group of Pacific Rim countries, including the U.S., China and Japan, extended by a year an agreement to raise no new barriers to trade and investment. Japan calls for tough ASEAN stance on North KoreaPHUKET - Asia’s main security forum was expected to issue a tough statement on North Korea’s nuclear weapons programme, a senior Japanese official said Wednesday. Asian stocks up modestly after positive earnings, Bernanke comment; Tokyo gains nearly 1 pctHONG KONG — Asian stocks rose modestly Wednesday after more U.S. companies posted stronger earnings and the Federal Reserve’s chairman said the world’s largest economy was on pace to recover this year. European markets were weaker. |
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