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Business - Stronger North Asian demand, Brexit lift Asian spot LNG prices


Asian prices for liquefied natural gas (LNG) rose to their highest since February this week, pushed up by a rise in Asian imports and higher prices in Britain. Traders said that prices were being supported from both the physical and the financial markets. Financial markets were volatile this week after Britain`s vote to leave the European Union.


Friday, July 01, 2016  05:14

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World - Pound plunges, stock markets in turmoil on Brexit vote


The pound collapsed and world stock markets descended into pandemonium Friday after Britain`s shock vote to leave the European Union, fuelling a wave of global uncertainty. European stock markets went into free fall at the opening, mirroring a rout in Asian markets, after markets had banked on Britons opting to remain in the EU based on polls and bookmakers predictions. London`s benchmark FTSE-100 index plummeted 7.5 percent after opening but recovered some of the losses as the news sank in and British Prime Minister David Cameron announced his resignation.


Friday, June 24, 2016  12:14

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World - US energy secretary sees oil market coming into balance


BEIJING (AP) The U.S. energy secretary said Friday he sees the global oil market coming into balance over the next year as rising demand catches up with a two-year-old supply glut that depressed prices.


Friday, July 01, 2016  06:40

Yahoo

Business - U.S. shale oil`s Achilles heel shows signs of mending


By Ernest Scheyder and Terry Wade HOUSTON (Reuters) - Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. It also helps explain shale drillers` resilience throughout the oil market`s two-year slump. While shale oil production revolutionized the oil industry over the past decade, bringing abundance of global oil supplies, high costs and rapid production declines have been its Achilles heel.


Friday, July 01, 2016  06:32

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World - Top Asian News 4:19 a.m. GMT


CANBERRA, Australia (AP) Australians go to the polls Saturday with the opposition leader vying to become the country`s fifth prime minister in three years. Global market turmoil since the Brexit vote, Australia`s success in turning back asylum seeker boats, gay marriage, housing prices, corporate tax rates and union corruption have been major issues in the eight-week campaign. Prime Minister Malcolm Turnbull has urged Australians to vote for continuity and stability by re-electing his conservative coalition which dumped the country`s last prime minister less than a year ago. Opposition leader Bill Shorten, who played a key role in his center-left Labor Party ousting two of its own prime ministers in the space of three years., says the government remains deeply divided and that Labor is the stable option.


Friday, July 01, 2016  05:32

Yahoo

World - Top Asian News 3:29 a.m. GMT


CANBERRA, Australia (AP) Australians go to the polls Saturday with the opposition leader vying to become the country`s fifth prime minister in three years. Global market turmoil since the Brexit vote, Australia`s success in turning back asylum seeker boats, gay marriage, housing prices, corporate tax rates and union corruption have been major issues in the eight-week campaign. Prime Minister Malcolm Turnbull has urged Australians to vote for continuity and stability by re-electing his conservative coalition which dumped the country`s last prime minister less than a year ago. Opposition leader Bill Shorten, who played a key role in his center-left Labor Party ousting two of its own prime ministers in the space of three years., says the government remains deeply divided and that Labor is the stable option.


Friday, July 01, 2016  04:40

Yahoo

World - Top Asian News 3:24 a.m. GMT


CANBERRA, Australia (AP) Australians go to the polls Saturday with the opposition leader vying to become the country`s fifth prime minister in three years. Global market turmoil since the Brexit vote, Australia`s success in turning back asylum seeker boats, gay marriage, housing prices, corporate tax rates and union corruption have been major issues in the eight-week campaign. Prime Minister Malcolm Turnbull has urged Australians to vote for continuity and stability by re-electing his conservative coalition which dumped the country`s last prime minister less than a year ago. Opposition leader Bill Shorten, who played a key role in his center-left Labor Party ousting two of its own prime ministers in the space of three years., says the government remains deeply divided and that Labor is the stable option.


Friday, July 01, 2016  04:28

Yahoo

World - Top Asian News 2:50 a.m. GMT


CANBERRA, Australia (AP) Australians go to the polls Saturday with the opposition leader vying to become the country`s fifth prime minister in three years. Global market turmoil since the Brexit vote, Australia`s success in turning back asylum seeker boats, gay marriage, housing prices, corporate tax rates and union corruption have been major issues in the eight-week campaign. Prime Minister Malcolm Turnbull has urged Australians to vote for continuity and stability by re-electing his conservative coalition which dumped the country`s last prime minister less than a year ago. Opposition leader Bill Shorten, who played a key role in his center-left Labor Party ousting two of its own prime ministers in the space of three years., says the government remains deeply divided and that Labor is the stable option.


Friday, July 01, 2016  03:55

Yahoo

World - Top Asian News 12:54 a.m. GMT


CANBERRA, Australia (AP) Australians go to the polls Saturday with the opposition leader vying to become the country`s fifth prime minister in three years. Global market turmoil since the Brexit vote, Australia`s success in turning back asylum seeker boats, gay marriage, housing prices, corporate tax rates and union corruption have been major issues in the eight-week campaign. Prime Minister Malcolm Turnbull has urged Australians to vote for continuity and stability by re-electing his conservative coalition which dumped the country`s last prime minister less than a year ago. Opposition leader Bill Shorten, who played a key role in his center-left Labor Party ousting two of its own prime ministers in the space of three years., says the government remains deeply divided and that Labor is the stable option.


Friday, July 01, 2016  02:05

Yahoo

World - Australia could soon elect 5th prime minister in 3 years


CANBERRA, Australia (AP) Australians go to the polls Saturday with the opposition leader vying to become the country`s fifth prime minister in three years. Global market turmoil since the Brexit vote, Australia`s success in turning back asylum seeker boats, gay marriage, housing prices, corporate tax rates and union corruption have been major issues in the eight-week campaign.


Friday, July 01, 2016  02:05

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