WTI drops on speculation U.S. government shutdown may slow demand

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Source: Bloomberg
© Scanpix/FP
West Texas Intermediate crude declined for the fourth session in five days reducing the first weekly increase in a month amid concerns that demand in the world's largest consumer of the commodity, U.S., will slow as the country's government stays closed for the third day. WTI for settlement in November fell 41 cents to $102.90 a barrel on the NYMEX and was traded at $103.18 at 3:03 p.m. in Singapore.

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Fri, 04 Oct 2013 09:30:11 GMT

Asia's currencies increase amid delayed U.S. stimulus cuts

Majority of currencies in Asia strengthened this week led by the Indian Rupee amid concerns that the Federal Reserve postpones its monetary stimulus cuts amid unfavourable situation in a debate for the new federal budget. India's Rupee rose 1.2% to 61.74 per U.S. Dollar at close, Taiwan's Dollar gained 1.2% to NT$29.316 at 10:37 a.m. Taipei time and the Philippine

Fri, 04 Oct 2013 09:08:09 GMT

Emerging-market stocks set for weekly gain led by Samsung

Emerging-market equities were little changed on Friday heading for a weekly increase as a fall in Chinese phone companies was overshadowed by gains in South Korean exporters led by Samsung Electronics Co. and Kia Motors Corp. MSCI Emerging Market Index fluctuated with about 219 stocks rising and 270 shares declining as the gauge was traded at 1,005.67 as of 1:40

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