Oil value edges up in Asia

SINGAPORE: Oil prices edged up in Asia Tuesday following an upbeat outlook by key producer Kuwait, while investors are keeping tabs on Greece’s troubled debt talks with its creditors.

US benchmark West Texas Intermediate for March delivery rose 44 cents to $53.22, while Brent crude for April gained 68 cents to $62.08 in afternoon trade.

Greek Finance Minister Yanis Varoufakis said late Monday he…

Hong Kong stocks dip at end, Shanghai sheds 7.70%

HONG KONG: Asian stocks mostly climbed following a rally on Wall Street and a strong pick-up in oil value. However, Shanghai has plunged almost eight per cent after regulators punished three major brokerages for rule violations. The euro continued to struggle against the dollar and yen on Monday before this week’s European Central Bank (ECB) meeting that is expected to unveil a vast bond-buying…

Australian stocks start 0.4% higher, S&P 200 adds 21.7pts

SYDNEY: Australian stocks started 0.4 percent higher because of strong lead from Wall Street, while broad fall in the prices of copper, iron ore and oil had an effect on some energy and material stocks. At the official 10.15am (AEDT) market open, the benchmark S&P/ASX200 index was up 21.7 points, or 0.4 per cent, to open at 5,416.2 points, while the broader All Ordinaries index was up 19.9 points,…

LONDON  - Oil prices edged lower in early European trade on Monday as investors locked in gains from solid increases last week, traders said. In electronic exchanges on the New York Mercantile Exchange (Nymex), light sweet crude for delivery in May eased 57 cents to $96.66 a barrel. Brent ...