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BP back in favour despite spill legacy, Russia doubts
LONDON: If you had spent £10 on BP shares on April 19, 2010, you would have just £9 now, including dividends. A poor investment, however you cut it, but also a remarkable recovery.
Wall Street up for fourth day in a row
NEW YORK: Wall Street rose for a fourth straight session on Tuesday as Congress agreed to advance legislation extending US borrowing authority and the Federal Reserve's new chief held off from making any changes to its schedule for trimming stimulus.
US Fed says it will keep trimming stimulus
WASHINGTON: Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to US monetary policy, saying the central bank was on track to keep reducing its stimulus even though the labour market recovery was far from complete.
S&P 500 ends at another record after strong jobs data
NEW YORK: US stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher.
Asian shares edge up, dollar index slumps
TOKYO: Asian stocks edged up and the dollar index slumped on Friday, as investors looked toward the US nonfarm payrolls report later in the session for confirmation that the US employment picture has improved.
Stocks drop on rising Ukraine tensions, oil gains
NEW YORK: A surprisingly strong US jobs report on Friday sent bond and gold prices sharply lower and initially lifted equity markets, but mounting tensions over Ukraine led stocks in Europe and elsewhere to retreat, while U.S. shares ended little changed.
Global shares under pressure Monday as diplomatic tensions rise on Crimea
TOKYO: Asian shares got off to a shaky start on Monday after citizens of Crimea overwhelmingly voted to break with Ukraine to join Russia, prompting the U.S. and the European Union to issue fresh warnings of imminent sanctions against Moscow.
Gold off 1-month low, but US rate hike worries cap gains
SINGAPORE: Gold rebounded on Tuesday from a one-month low hit in the prior session, helped by short covering and a rise in bullion-backed exchange traded fund holdings, but expectations of higher US interest rates and a lack of physical buying capped gains.
Gold at 1½-week high on Ukraine anxiety
SINGAPORE: Gold climbed to its highest in 1½ weeks on Monday, as weaker equities and escalating geopolitical tensions in Ukraine boosted the metal's safe-haven appeal.
Don't fear trade pacts as overall M'sia will benefit
PETALING JAYA: Malaysians should not fear trade pacts the Government has or plans to enter into, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
