24 July 2014

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Asian shares extend gains on Wall St rally, euro sinks

Asian shares extend gains on Wall St rally, euro sinksHONG KONG: Asian markets rose Wednesday, adding to the previous day´s rally, following a positive lead from Wall Street while concerns over the Ukraine air crash crisis ease.The euro was wallowing at multi-month lows against the dollar and yen as the West considers another round of sanctions against Russia for its support of Ukrainian rebels who have been accused of shooting down Malaysia Airlines flight MH17 on Thursday.Tokyo rose 0.10 percent, Hong Kong gained 0.25 percent, Sydney added 0.82

Oil extends losses in Asian trade

SINGAPORE: Oil extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel´s operation against Hamas militants in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict which has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 34 cents to $102.05 a barrel in late-morning trade on its

Oil prices up in Asian trade

Oil prices up in Asian tradeSINGAPORE: Oil prices rose in Asia Tuesday against the backdrop of geopolitical tensions fuelled by a warning of tougher sanctions against Russia over the downing of a Malaysian airliner and fierce fighting in Gaza.US benchmark West Texas Intermediate (WTI) for August delivery was up 54 cents at $105.13 at midday, and Brent crude for September climbed 26 cents to $107.95.Five days after Malaysia Airlines flight MH17 crashed in Ukraine, pro-Russian separatists conceded to a furious international clamour

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