Asian trade

Bitcoin suffers dramatic price plunge

Seoul - Muslimchronicle

Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a hit as it emerged that South Korean exchange Youbit had been hacked, leading the firm to sayRead more

Oil down as US refineries struggle from Harvey impact

Singapore - AFP

Crude prices fell further in Asian trade Thursday as refineries shut down by deadly storm Harvey in the key oil-producing US Gulf Coast struggled to get back online, further piling up supplies. The monster storm barreled into Texas on Friday as a Category Four hurricane, smashing homes and businesses and triggering massive floods. The storm caused the closure of refineriesRead more

Oil prices down as US reels from Harvey

Mexico - AFP

Crude prices slipped back in Asian trade Wednesday as a key US oil-producing region reeled from the devastation caused by monster storm Harvey. Harvey rolled into Texas on Friday as a Category Four hurricane, tearing down homes and businesses on the Gulf Coast, and triggering massive floods. The storm caused the closure of many oil refineries, which analysts said wouldRead more

Euro rises sharply after first round of French election

Tokyo - Arab Today

The euro rose sharply against the dollar and yen Monday in early Asian trade after projections from the French presidential election showed Emmanuel Macron was set to face Marine Le Pen in a run-off. At 6:20 am (Sunday 2120 GMT) in Tokyo, the European single currency was at 1.0880 dollars, against 1.0726 on Friday at 21.00 GMT. It had evenRead more

Euro recovers after falling 1.4% against dollar

London - Arab Today

The euro jumped above $1.07 for the first time since mid-November on Monday, rebounding around 2 cents after hitting 21-month lows after Italy’s prime minister conceded defeat in a referendum on constitutional reform and said he would resign. The single currency slid as much as 1.4 percent in Asian trade to $1.0505, its weakest since March 2015, as investors frettedRead more

Oil Prices Rise in Early Asian Trade Monday

Singapore - QNA

Oil prices edged up in early Asian trade on Monday, rising more than 10% since the start of the month as speculation intensifies about potential producer action to support prices in an oversupplied market. International Brent crude oil futures were trading at $47.13 per barrel at 0018 GMT, up 13 cents from their last settlement, and over 10% above theRead more

Oil Prices Rise in Asian Trade

Singapore - QNA

Oil prices rose in Asian trade on Monday, following gains last week, as traders shrugged off the impact of Friday’s attempted coup in Turkey, while a weaker dollar and upbeat economic data from the United States lent price support. Brent crude futures rose 26 cents to $47.87 a barrel as of 0402 GMT after closing up 24 cents in theRead more

Oil futures fall on concerns over global growth, Brexit

Tokyo - QNA

Crude oil futures fell in Asian trade on Tuesday on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit. Brent crude oil futures slipped below $50 a barrel, falling 41 cents to $49.94 by 0445 GMT, dropping for a fourth successive day. US crude was down 46 cents, orRead more