Saturday, 27 August 2016 03:46 WIB
Hong Kong stocks rose on Friday but were flat for the week, reflecting investor caution ahead of a speech by Federal Reserve Chair Janet Yellen.Yellen will speak at the annual gathering of central bankers in Jackson Hole, Wyoming, later in the global day. Investors await clues on U.S. monetary policies.The Hang Seng index rose 0.4 percent, to 22,909.54, while the China Enterprises Index gained...
Friday, 26 August 2016 19:47 WIB
The U.S. economy grew less than previously reported last quarter on lower government outlays and a bigger depletion of inventories, capping a sluggish first-half performance propped up mainly by consumer spending.
Gross domestic product, the value of all goods and services produced, rose at a 1.1 percent annualized rate, down from an initial estimate of 1.2 percent, Commerce Department...
Saturday, 27 August 2016 02:15 WIB
Oil futures settled higher for the session Friday, but suffered a decline of about 3% for the week.
Prices found support from data revealing that the number of active U.S. oil rigs was unchanged for the week, following eight weeks of increases.
Traders also assessed the likelihood of interest-rate increase at the next Federal Reserve meeting September, following comments from the top two...