Market News


Oil prices fall again as lower demand U.S. season looms

Wed Aug 19, 2015 3:02am EDT
Oil prices fell on Wednesday after eking out gains in the previous session, with the United States set to enter the lower demand autumn season and Asia’s leading economies continuing to show signs of slowing down.

Oil prices fall again as U.S., Asia demand looks set to weaken

Tue Aug 18, 2015 12:49am EDT
Oil prices dipped again on Tuesday as traders braced for lower refinery consumption after the U.S. summer, while Asia’s weakening economies and high global production stoked concerns about oversupply.

China’s yuan slips even as central bank sets firmer midpoint

Tue Aug 18, 2015 2:09am EDT
China’s yuan fell against the dollar on Tuesday despite a slightly stronger midpoint set by the central bank as traders expect the currency to be under further downward pressure amid a struggling economy.

Oil down 1 percent; U.S. crude near six-and-a-half-year low on Japan, China

Mon Aug 17, 2015 3:53pm EDT
Oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/2-year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China’s slowdown continued to weigh on sentiment.

U.S. fed funds rate falls to 0.14 percent

Mon Aug 17, 2015 8:46am EDT
The U.S. federal funds rate USONFFE=, which banks charge each other to borrow excess reserves, averaged 0.14 percent on Friday, down from 0.15 percent on Thursday, according to Federal Reserve data.

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