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Asia stocks mark time before Yellen speech; dollar firm


HONG KONG Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the greenback held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting.

Dollar edges up vs. yen as Yellen's Jackson Hole speech awaited

TOKYO The dollar bobbed higher in Asian on Thursday but major currencies continued to tread water ahead of the global central bankers' gathering in Jackson Hole, Wyoming, at which Federal Reserve Chair Janet Yellen may offer new clues on U.S. monetary policy.

2:32am BST

Wall St. falls as healthcare, materials stumble

NEW YORK Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months. | Video

24 Aug 2016

Oil prices fall as market focus returns to global supply overhang

SINGAPORE Crude prices edged lower on Thursday as brimming U.S. and Asian fuel inventories returned investors' attention to a large global supply overhang, cutting short a price rally and restricting Brent crude futures to below the $50 a barrel mark.

3:23am BST

Brazil Senate passes measure that frees up revenues allocation

BRASILIA The Brazilian Senate on Wednesday approved a constitutional amendment to allow the government to use freely up to 30 percent of federal tax revenues that would otherwise be earmarked by law for other expenditures.

12:40am BST

Japanese seek bargains as economy limps, Abenomics loses shine

TOKYO Three years of so-called "Abenomics", Japanese Prime Minister Shinzo Abe's bold stimulus program, has failed to dislodge a deflationary mindset among businesses and consumers.

12:19am BST
World Markets

US STOCKS-Wall St falls as healthcare, materials stumble

* Indexes down: Dow 0.35 pct, S&P 0.52 pct, Nasdaq 0.81 pct (Updates to market close)

Nikkei slips on Wall St drop, investors wary before Yellen remarks

TOKYO, Aug 25 Japanese stocks edged down on Thursday as appetite for risk was checked by weakness on Wall Street and caution ahead of a speech by Federal Reserve Chair Janet Yellen on Friday, an event global markets hope will provide clues on the outlook for U.S. rates.

Hong Kong shares suffer biggest fall in 3 weeks

SHANGHAI, Aug 24 Hong Kong stocks posted their biggest one-day decline in three weeks on Wednesday, as Asian markets fell on profit-taking after strong U.S. housing data overnight was seen as increasing the chances of an interest rate hike in coming months.

24 Aug 2016
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