Latest Motor fuel markets News

Asian shares mostly higher ahead of Fed chief testimony

Jul. 9, 2019 11:34 PM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday in cautious trading ahead of closely watched congressional testimony by the U.S. Federal Reserve chairman. Japan's benchmark Nikkei 225 edged down nearly 0.2% in morning trading to 21,529.38. Australia's S&P/ASX 200 added 0.5% to 6,700.10. South...

Asian shares retreat ahead of Fed statement to Congress

Jul. 9, 2019 12:33 AM EDT

TOKYO (AP) — Asian shares retreated Tuesday in quiet trading as investors awaited signs of what might be ahead for U.S. interest rates. Japan's benchmark Nikkei 225 was flat at 21,526.22, while Australia's S&P/ASX 200 dipped 0.3% to 6,653.60. South Korea's Kospi was marginally lower, down 0.1% at...

US stocks cap milestone-setting week with modest losses

Jul. 5, 2019 4:39 PM EDT

Bond yields rose and stocks mostly bounced back from an early slide to finish with modest losses Friday, a downbeat end on Wall Street to an otherwise milestone-setting week for the broader market. The small decline snapped a six-day winning streak for the S&P 500, though the benchmark index still notched a...

Asian shares climb after US benchmarks hit record highs

Jul. 3, 2019 10:58 PM EDT

TOKYO (AP) — Shares opened higher in Asia on Thursday, tracking the ascent by major U.S. indexes to record highs. The rally follows a slight easing of trade tensions between the U.S. and China after they agreed to refrain from new tariffs pending a new round of negotiations. That has relieved some pressure...

Asian stocks rise after Wall Street record on trade truce

Jul. 2, 2019 12:22 AM EDT

BEIJING (AP) — Most Asian stock markets rose Tuesday after Wall Street's benchmark hit a new high following the latest truce in the costly U.S.-Chinese trade war. Tokyo and Sydney rose, while Shanghai was unchanged. Hong Kong rose strongly in early trading despite protests over a proposed extradition law...

Asian shares rise on optimism around Trump-Xi meeting

Jun. 26, 2019 11:56 PM EDT

SINGAPORE (AP) — Asian stocks advanced Thursday ahead of a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week. Tokyo's benchmark Nikkei 225 rose 0.8% to 21,262.10 and the Kospi in South Korea climbed 0.9% to 2,139.91. Hong Kong's Hang Seng was up 0.9%...

The Latest: Refinery confirms it will close, lay off workers

Jun. 26, 2019 4:33 PM EDT

PHILADELPHIA (AP) — The Latest on the announcement that an East Coast oil refinery that caught fire will close (all times local): ___ 4:30 p.m. The owner of the largest oil refinery on the East Coast is giving first public confirmation of its plans to close the facility after a fire last week set off...

Asian shares mostly lower as investors look to G-20 meeting

Jun. 25, 2019 11:04 PM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday as investors awaited developments on the trade friction between the U.S. and China at the Group of 20 meeting of major economies in Japan later in the week. Japan's benchmark Nikkei 225 slipped 0.5% to 21,088.32 in early trading, while Australia's...

S&P 500 notches 3rd straight weekly gain after wobbly day

Jun. 21, 2019 5:06 PM EDT

Wall Street finished a milestone-setting week on a downbeat note Friday after a late flurry of selling nudged stocks lower, ending the market's four-day winning streak. Even with the modest losses the market delivered its third straight weekly gain, with the benchmark S&P 500 index hovering just below its...

Asian shares gain, Shanghai up 2.6%, on Fed rate cut talk

Jun. 20, 2019 12:43 AM EDT

BANGKOK (AP) — Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it's prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats. The Thursday tracked modest gains on Wall Street. The 10-year...