China stocks rise as Beijing steps up crackdown on short-selling The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.1 percent, during its third consecutive session of gain, and closed at 3,948.16. Both the Shenzhen and Shanghai stock exchanges unveiled measures that make it more difficult for speculators to profit from hourly gyrations in stock prices. China's Commerce Ministry said import...
European stocks open lower; data, oil weigh European equities opened lower on Tuesday after disappointing U.S. data and slipping commodity prices dented sentiment on Wall Street and in Asia.
| By: Arjun Kharpal
Nikkei ticks down, Apple suppliers underperform TOKYO, Aug 4- Japan's Nikkei share average edged down on Tuesday on weakness in manufacturing activity in China and the United States, prompting investors to rotate out of cyclicals to defensive stocks such as drugmakers. Suppliers to Apple Inc tumbled as the tech giant's shares hit six-month lows, continuing a downward trend in place since its earnings two...
FOREX-Aussie lifted after RBA tones down, commodity currencies pressured *Loonie hits 11- year lows as oil prices sink on China worries. TOKYO/ SYDNEY, Aug 4- The Australian dollar rose on Tuesday after the Reserve Bank of Australia took a more measured view on the currency's weakness, while the Canadian dollar languished at 11- year lows as a continuing selloff in oil prices thrust the loonie and other commodity currencies into the...
| By: Shinichi Saoshiro and Ian Chua
Rebooting Greece: how to get its economy going again ATHENS, Greece- After so much pain, Greece must now figure out how to get its economy back on its feet. The advice to Greece from economists is simple: focus on the basics. Political instability, a hallmark of Greece's crisis, is highly toxic for investors, who need to know that the rules for business won't change unexpectedly.
Source: The Associated Press
| By: By MENELAOS HADJICOSTIS, Associated Press
Fire sale on stuff that burns: Oil, natural gas, coal down Countries that import energy, such as the U.S., China, Japan and those in the European Union, are getting an economic boost. Exporters, such as Russia, Saudi Arabia and Venezuela are facing lower income and budget shortfalls. Price: Average for the year through July is $53 a barrel, down 48 percent compared with the same period last year and on track for its lowest annual...
Source: The Associated Press
| By: By JONATHAN FAHEY, AP Energy Writer
Bull run in iron ore? Not really Asian spot iron ore does meet the technical definition of being in a bull market but the fact remains that it is 25.7% down so far this year.
| By: Clyde Russell
Why Aussie miners shrug off gold's slide Gold's tumble has injected fear into the hearts of many miners but not in Australia, where the lower local dollar is cushioning the impact.
| By: Nyshka Chandran
How Western Areas is coping with commodity slump Dan Lougher, MD & CEO of Western Areas, says the firm rolled out cost-cutting measures to combat falling commodity prices, while a weaker Aussie dollar is working in the company's favor.