Saturday, 18 August 2018
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RECENT NEWS
Oil Starts New Year Higher as Kuwait Delivers on OPEC Output Cut

Oil advanced after the biggest annual gain since 2009 as output cuts by Kuwait signaled OPEC and other producing nations started trimming production to stabilize the market. Futures rose as much as 0.9 percent in New York after increasing 45 percent last year. Kuwait has cut output by 130,000 barrels a day to about 2.75 million a day, Al-Anba newspaper reported, citing Kuwait Oil Co. Chief Executive Officer Jamal Jaafer. Drillers targeting crude in the U.S. added active rigs for a ninth week, boosting the number to the highest in about a year, according to data Friday from Baker Hughes...

Australian Dollar Slips Back Below US72c

The Australian dollar has again slipped close to its lowest level since March 2016 after worse-than-expected Chinese economic data over the weekend. The local currency was trading at US71.84 cents at 7.30am (AEDT), down from its 2016 close of US72.36 cents last Friday. Source : Businessspectator                                  

Emas Meningkat di Awal 2017 Seiring Pesanan Untuk Tahun Baru China Yang Mulai Nampak

Emas naik untuk kelima kalinya dalam enam sesi, setelah membukukan gain tahunan pertama sejak 2012, terkait pembelian perhiasan di China yang memacu permintaan. Bullion untuk pengiriman cepat naik sebanyak 0,8% ke $ 1,156.83 per ons, dan diperdagangkan di $ 1,156.06 per ons pada 9:57 pagi di Singapura: Bloomberg generic pricing. Logam mengakhiri 2016 pada 8,1% lebih tinggi untuk menghentikan tiga tahun kerugian.(mrv) Sumber: Bloomberg

Oil Starts 2017 Higher as Kuwait Delivers on OPEC Output Cut

Oil advanced after the biggest annual gain since 2009 as output cuts by Kuwait signaled OPEC and other producing nations started trimming production to stabilize the market. Futures rose as much as 0.9 percent in New York after increasing 45 percent last year. OPEC member Kuwait has cut output by 130,000 barrels a day to about 2.75 million a day, Al-Anba newspaper reported, citing Kuwait Oil Co. Chief Executive Officer Jamal Jaafer. Drillers targeting crude in the U.S. added active rigs for a ninth week, boosting the number to the highest in about a year, according to data from Baker...

Pound Drop Boosts U.K. Manufacturing, Pushes Up Factories’ Costs

U.K. manufacturing grew at the fastest pace in 2 1/2 years in December, helped by the pounds depreciation since the vote to leave the European Union. After dipping sharply in the wake of the Brexit referendum -- dropping below the key 50 level in July -- the IHS Markit Purchasing Managers Index has since recovered strongly and was at 56.1 last month. Thats up from 53.6 in November and marks the highest level since June 2014. It also beat the median forecast of economists in a Bloomberg News survey for a reading of 53.3. The pound erased declines against the dollar after the...