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THE political deadlock in US Congress forces its federal government to shut down for the first time in 17 years.
THE deadline for raising debt ceiling is due this Oct 17 despite no positive outcome has been reached. The shutdown has risked the global economy to edge into recession as investors’ confidence may begin to wane.
SINGAPORE: Oil prices rose in Asian trade Friday, buoyed by hopes the US Federal Reserve will wait longer before scaling back its stimulus programme, analysts said
SINGAPORE: Oil prices rose in Asian trade Friday but faced downward pressure from easing supply concerns as well as speculation the US Federal Reserve may begin to taper its stimulus programme soon, analysts said.
Asian stocks slipped on Wednesday following broad losses on Wall Street as upbeat US service sector data added to speculation the Federal Reserve will soon start reeling in its stimulus.
Oil prices eased in Asian trade Thursday after the US Federal Reserve said it would next month start to scale back its bond-buying programme as the economy shows signs of strengthening.
SINGAPORE: Oil prices were mixed in Asian trade Friday as dealers worried about a global oversupply in crude, while speculation the US Federal Reserve will soon scale back its stimulus programme also weighed.
KUALA LUMPUR: Moody's Investors Service is positive on the outlook for the Asian oil and gas industry's exploration and production (E&P) sector in 2014.
HONG KONG: Asian markets mostly rose Monday following a record close on Wall Street that was fuelled by upbeat US data, while Tokyo was boosted by a weaker yen.
SINGAPORE: Oil prices rose in Asia Monday after pro-Russian rebels in eastern Ukraine claimed a majority of voters in a disputed referendum chose independence, raising fears of a civil war that could disrupt supply.