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Asian stocks advance on China rate cutAsian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates to shore up faltering growth. Asian stock More… |
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Oil down as dollar offsets China moveOil fell on Friday, erasing early gains as traders dismissed a rate cut by China to focus on a surging dollar and weaker spot prices for US crude as a glut weighed on prompt supplies. A rally in US stocks, however, bolstered risk More… |
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Global stocks soar on surprise China rate cutStock markets worldwide soared on Friday after China cut interest rates for the fourth time this year and several large-cap US technology companies reported better-than-expected quarterly results. Shares across Asia, Europe and th More… |
