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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.
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.
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.
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.
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.
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.
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.