The market is a picture of red this morning, as Asian shares are trading lower following a further slump in oil prices and as the US junk bond market witnessed a rout recently, ahead of the Federal Reserve’s rate setting meeting this week.
Posts tagged MC
How worried should you be about US junk bond, oil selloff (14-12-2015)
GST’s fate uncertain as penultimate week of Parl begins (14-12-2015)
The main opposition Congress has rejected the charge that it was blocking the GST Bill because of the court summons to party president Sonia Gandhi and her son Rahul in the National Herald case, while Bharatiya Janata Party continues to insist there is a link between the two developments.
Robots: Good for economy or ‘national emergency’ (14-12-2015)
Billionaire investor Jeff Greene is digging into his own pockets to address what he believes is a big issue: robots.
Fed fatigued? Look to Asia this week (14-12-2015)
According to the Bureau of Labor Statistics, the economy added on average 237,000 jobs per month over the past 12 months, a rate most economists think is robust enough to warrant higher interest rates.
Oil futures slip further after oversupply forecast (14-12-2015)
Brent crude, the global benchmark, fell below USD 38 a barrel for the first time since December 2008 on Friday after the IEA said demand growth is slowing, while OPEC output remains high, pointing to a bigger glut in coming months.
Turkmenistan starts work on gas link to Afghanistan, India (14-12-2015)
The ground-breaking ceremony took place near the city of Mary in the southeastern part of the central Asian country, close to the giant Galkynysh gas field which is meant to provide gas for the 1,814-kilometre (1,127-mile) link.
Asia trades lower; oil price slump, Fed rates in focus (14-12-2015)
Asian equities were trading lower on Monday after a further slump in oil prices weighed on Wall Street on Friday.
Landmark climate deal: World marks turn from fossil fuels (13-12-2015)
The global climate summit in Paris forged a landmark agreement on Saturday, setting the course for a historic transformation of the world’s fossil fuel-driven economy within decades in a bid to arrest global warming.
Jaitley rules out including GST rate in Constitution Bill (13-12-2015)
Finance Minister Arun Jaitley ruled out including the GST rate in the Constitution Amendment Bill saying tariffs can’t be cast in stone. He said the Congress, which has opposed the GST Bill over three main demands, should accept the UPA Finance Minister P Chidambaram’s proposal for a GST Council or its appointed forum for resolving tax disputes.
Bruised markets stress over Fed and oil (12-12-2015)
The Fed is expected to lift its target fed funds rate off of zero, ending a seven-year era of historic, crisis-level rate policy. The central bank Wednesday will also provide economic and interest rate forecasts that could help shape the view of interest rates in 2016.