COLUMN-Maximum pain for commodities. Are we there yet?: Russell LAUNCESTON, Australia, Nov 26-- The dominant theme of commodity markets in recent months, in virtually every article or conversation at events, has been how much lower can prices possibly go. The answer is simple, they will stop falling when the point of maximum pain is reached. Even if one takes the view that prices have been hit by softer-than-expected demand...
| By: Clyde Russell
Hang Seng, Kospi lead gains in Asia on ECB hopes Asian stocks rose on Thursday as traders cheered the prospect of fresh European stimulus even as new data reinforced expectations for tighter U.S. monetary policy.
| By: CNBC.com staff
Nikkei rebounds, but iPhone LCD suppliers slump TOKYO, Nov 26- Japanese stocks rebounded on Thursday morning, but shares in suppliers of parts for the iPhone's LCD screens slumped after the Nikkei business daily reported on Apple's plans to introduce organic light-emitting diode displays for its iPhones in 2018.. Sharp Corp shares fell 4.7 percent and Japan Display Inc plunged 7.5 percent during the...
| By: Joshua Hunt
Hong Kong's SCMP confirms offer received for media business SCMP Group did not identify the potential buyer. The announcement comes days after news reports that billionaire Jack Ma, the founder of Chinese e-commerce giant Alibaba, is interested in acquiring the South China Morning Post newspaper. Speculation about an Alibaba deal first emerged on Nov. 9 when the state-owned China Daily newspaper reported on a...
Source: The Associated Press
Taiwan stocks rise; Fubon Fin jumps on record 9-mth profit TAIPEI, Nov 26- Taiwan stocks rose on Thursday, paced by gains in Fubon Financial Holdings after it posted a record net profit for the first nine months of the year. Bigger rival Cathay Financial added 0.8 percent. The Taiwan dollar firmed T $0.173 to T $32.474 per U.S. dollar.
UPDATE 3-Dow predicts EPA review of herbicide safety resolved soon The EPA wants to study the product further after it found that the company's Dow AgroSciences unit claimed the two active ingredients work better together, according to court documents. "The information suggests that EPA's analysis may have understated the phytotoxicity of the product," the EPA said in the court filing. Dow Chemical said it has sent the EPA all...
| By: Karl Plume