International Business News - Markets http://hk.ibtimes.com/markets/ All articles are copyrighted by IBTimes.com 400 100 http://hk.ibtimes.com/ http://hk.ibtimes.com/images/top_logo_ibt2_3.gif The blue-chip Hang Seng Index lost 46.83 points, or 0.2 percent, to close at 23,087.72 after weakening later in the session. http://hk.ibtimes.com/data/articleimgs/2822-.jpg http://hk.ibtimes.com/articles/20080725/hang-seng.htm http://hk.ibtimes.com/articles/20080725/hang-seng.htm Fri, 25 Jul 2008 10:44:13 EDT Gold started down in Hong Kong and, despite a mini-rally early in the New York session, headed lower for most of the day, finishing just off its intraday low at $919.60, down $25.30. Overnight, gold is trending higher. http://hk.ibtimes.com/articles/20080725/daily-resource.htm Fri, 25 Jul 2008 10:44:13 EDT Some 90 billion barrels of oil and nearly a third of the world's undiscovered natural gas remain untapped under an area north of the Arctic Circle, government scientists estimate, in the largest-ever survey of the area's energy potential. http://hk.ibtimes.com/data/articleimgs/2813-.jpg http://hk.ibtimes.com/articles/20080724/vast-oil-natural-gas-reserves-estimated-arctic.htm http://hk.ibtimes.com/articles/20080724/vast-oil-natural-gas-reserves-estimated-arctic.htm Thu, 24 Jul 2008 20:14:20 EDT Stocks skidded lower Thursday after a steeper-than-expected decline in existing home sales wiped away some of the market's optimism about upbeat earnings reports. http://hk.ibtimes.com/data/articleimgs/2816-.jpg http://hk.ibtimes.com/articles/20080724/stocks-fall-sales-existing-homes-decline.htm http://hk.ibtimes.com/articles/20080724/stocks-fall-sales-existing-homes-decline.htm Thu, 24 Jul 2008 16:14:20 EDT Gold futures fell the most in six weeks as crude oil prices dropped and a stronger dollar lowered the investment appeal for the metal as a hedge against inflation. http://hk.ibtimes.com/articles/20080724/gold-drops-sharply-oil-tumbles-dollar-gains.htm Thu, 24 Jul 2008 13:00:20 EDT Gold was strong in the overseas markets, peaking at $975 at the mid-point of the London session, but once New York opened it got taken down in a big hurry, dropping $30 in a near-straight line into the noon hour, then easing more slowly to finish at $944.00/oz., down $25.80. Overnight, gold is sharply lower. http://hk.ibtimes.com/articles/20080724/daily-resource.htm Thu, 24 Jul 2008 10:44:13 EDT Hong Kong's stock market gained Wednesday on easing oil prices and an overnight rally on Wall Street. Refiners and airlines led the way. The blue-chip Hang Seng Index rose 607.07 points, or nearly 2.7 percent, 23,134.55. It was the benchmark's highest close in over a month. http://hk.ibtimes.com/data/articleimgs/2804-.jpg http://hk.ibtimes.com/articles/20080724/dow.htm http://hk.ibtimes.com/articles/20080724/dow.htm Thu, 24 Jul 2008 06:58:17 EDT Oil prices slipped further Wednesday after tumbling more than $3 a barrel in the previous session as a hurricane looked likely to spare key oil installations in the U.S. Gulf of Mexico. http://hk.ibtimes.com/articles/20080723/oil-extends-decline-drops.htm Wed, 23 Jul 2008 16:14:20 EDT The blue-chip Hang Seng Index fell 5.42 points, or about 0.02 percent, to 22,527.48 points in a volatile session marked by thin trade. http://hk.ibtimes.com/data/articleimgs/2775-.jpg http://hk.ibtimes.com/articles/20080723/hang-seng.htm http://hk.ibtimes.com/articles/20080723/hang-seng.htm Wed, 23 Jul 2008 06:58:17 EDT Oil prices tumbled more than $3 a barrel Tuesday as Tropical Storm Dolly grew increasingly unlikely to threaten supply, giving traders one less reason to buy as a strengthening dollar helped keep prices in check. http://hk.ibtimes.com/data/articleimgs/2780-.jpg http://hk.ibtimes.com/articles/20080723/oil.htm http://hk.ibtimes.com/articles/20080723/oil.htm Wed, 23 Jul 2008 06:58:17 EDT Dogged by additional financial market worries the dollar fell to 71.88 on the index and traded near 1.593 against the euro. This was enough of a slide to prompt fresh buying from the gold trading crowd http://hk.ibtimes.com/articles/20080723/dollar.htm Wed, 23 Jul 2008 06:58:17 EDT Gold was up all day and, though it dropped to a low of $958 early in the New York session, picked up from there and rose slowly but steadily, finishing at $965.80/oz., up $11.20 from Friday. Overnight, gold is sharply higher. http://hk.ibtimes.com/articles/20080723/daily-resource.htm Wed, 23 Jul 2008 06:58:17 EDT The EUR USD reversed an earlier uptrend to close lower for the day. The Dollar rose as Treasury Secretary Paulson reiterated his call for a strong Dollar, saying it is "really very important." http://hk.ibtimes.com/articles/20080723/fed.htm Wed, 23 Jul 2008 06:58:17 EDT Wall Street turned in a mixed performance Monday as investors watched the price of oil regain ground and decided to cash in some of their gains from the stock market's big rally last week. http://hk.ibtimes.com/data/articleimgs/2769-.jpg http://hk.ibtimes.com/articles/20080722/stocks-end-mixed-earnings-oil.htm http://hk.ibtimes.com/articles/20080722/stocks-end-mixed-earnings-oil.htm Tue, 22 Jul 2008 10:24:52 EDT As giant oil companies like Exxon Mobil and ConocoPhillips get set to report what will probably be another round of eye-popping quarterly profits, just where is all that money going? http://hk.ibtimes.com/data/articleimgs/2766-.jpg http://hk.ibtimes.com/articles/20080722/big-oil-profits-steered-investors.htm http://hk.ibtimes.com/articles/20080722/big-oil-profits-steered-investors.htm Tue, 22 Jul 2008 10:00:52 EDT The Dow rose 49.91, or 0.44 percent, to 11,496.57, adding on to a 483-point gain Wednesday and Thursday. http://hk.ibtimes.com/data/articleimgs/2748-.jpg http://hk.ibtimes.com/articles/20080721/dow.htm http://hk.ibtimes.com/articles/20080721/dow.htm Mon, 21 Jul 2008 08:35:34 EDT Asian stock markets were mixed Friday as investors weighed lower crude oil prices against worse-than-expected earnings results from some American blue-chip companies. http://hk.ibtimes.com/articles/20080721/asia.htm Mon, 21 Jul 2008 08:35:34 EDT The dollar rose slightly against the euro and yen on Tuesday in Tokyo ahead of Wednesday's meeting of the Federal Open Market Committee. http://hk.ibtimes.com/articles/20080721/dollar.htm Mon, 21 Jul 2008 08:35:34 EDT The pound reached its lowest point ever on Wednesday against the euro, largely because of high expectations that the Bank of England will cut interest rates on Thursday. http://hk.ibtimes.com/articles/20080721/pound-euro.htm Mon, 21 Jul 2008 08:35:34 EDT The U.S. dollar was mixed against other major currencies in European trading Friday morning. Gold fell. http://hk.ibtimes.com/articles/20080721/euro.htm Mon, 21 Jul 2008 08:35:34 EDT