Business

Oil slips as pessimism over supply resurfaces despite OPEC pledge

By The Frontier Post | November 19, 2018

LONDON (Reuters): Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output. Brent crude futures were down $1.04 at $65.72 a barrel at 1447 GMT, having retreated from a session high of […]

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Dollar pauses as Fed official shows caution over global growth

By The Frontier Post | November 19, 2018

SINGAPORE (Agencies): The dollar eased slightly versus other major currencies on Monday after Federal Reserve officials expressed caution over the global growth outlook, prompting traders to reassess the pace of future U.S. interest rate increases. The greenback has enjoyed a strong run this year thanks to the Fed’s steady policy tightening on the back of […]

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Asian shares mostly higher after Wall Street buying spree

By The Frontier Post | November 19, 2018

TOKYO (Agencies): Asian shares were mostly higher Monday after a buying spree on Wall Street kept up investor optimism into a new week, despite continuing worries about trade tensions. KEEPING SCORE: Japan’s benchmark Nikkei 225 rose 0.5 percent to 21,784.87, while Australia’s S&P/ASX 200 fell 0.7 percent to 5,693.30 in early trading. South Korea’s Kospi […]

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