Crude soars, stocks drop after US strikes on Iran
By AFP – published by Yahoo!News and Thai Newsroom OIL PRICES soared and stocks fell in Asia on Monday (March 2) after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East. Brent briefly spiked almost 14 percent and West Texas Intermediate nearly 12 percent at […]
Read MoreTrump strikes tariff deal with Japan, auto stocks surge
By Reuters and published by Yahoo!News Washington/Tokyo – US President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo punishing new levies on other goods in exchange for a $550 billion package of US-bound investment and loans. It is the most significant of a clutch of […]
Read MoreSVB shockwaves rattle global banks in grip of contagion fears
By Reuters – published by Yahoo!news and Matichon SILICON Valley Bank’s collapse pressured global bank stocks further today (Mar. 14) as investors fretted over the financial health of some lenders, in spite of assurances from US President Joe Biden and other policymakers. An indicator of credit risk in the eurozone banking system leapt to […]
Read MoreWall St tumbles to biggest loss in two years following CPI data
By Reuters and published by US News & World Report New York – A broad sell-off sent US stocks reeling yesterday (Sept. 14) after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major US stock indexes veered sharply lower, […]
Read MoreEuropean and US stocks climb as Russia starts returning some troops to base
By Chloe Taylor, CNBC London – European stocks were higher today (Feb. 15) after Russia announced it had begun returning some troops to deployment bases, tentatively raising hopes of de-escalation on the borders of Ukraine. The pan-European Stoxx 600 index climbed 1.2% during afternoon trade, with healthcare stocks adding 2% to lead gains as […]
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