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MARKET UPDATE

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Hong Kong stocks broke a five-day winning streak on Friday, as gains in air carriers were offset by weakness in energy shares following a tumble in oil prices.Chinese investors failed to lend

ECONOMY

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The U.S. economy’s first quarter wasn’t so miserable after all, as consumption contributed more to growth and business investment was even stronger than thought, Commerce Department data showed

COMMODITY

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Oil gains for the day, pares loss for the week
Saturday, 27 May 2017 02:07 WIB
Oil futures settled higher Friday, paring their loss for the week down to about 1.7%. Prices rebounded following a nearly 5% drop a day earlier, which was fueled by traders' disappointment that

FISCAL & MONETARY

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Most Federal Reserve officials judged “it would soon be appropriate” to tighten monetary policy again and backed a plan that would gradually shrink their $4.5 trillion balance sheet. “Most

GLOBAL

c_173_127_16777215_00_images_assets_tr370CC87E00000578-0-image-a-61_1470776143656.jpg Trump: North Korea 'A Particular Focus' for G-7 Leaders at Summit
Saturday, 27 May 2017 03:35 WIB
U.S. President Donald Trump says terrorism and North Korea are top items on the agenda for the leaders’ summit of the Group of Seven nations, which began Friday on Sicily, the largest Mediterranean island. Sitting alongside Japanese Prime Minister Shinzo Abe, the U.S. president said the meeting would have a “particular focus on the North Korea problem.” While terrorism would also be a

GOLD CORNER

c_173_127_16777215_00_images_assets_globalglo.jpg Gold may rise but economic deterioration needed for $1,300 an ounce
Wednesday, 24 May 2017 04:52 WIB
Gold could uptick toward the $1,270-$1,275 level, but may not be able to poke convincingly above $1,300 unless the U.S. economy and equities falter, said TD Securities. Just before 9 a.m. EDT, spot gold was at $1,261.50 an ounce. The metal rallied sharply last week amid U.S. political turbulence, with a special counsel named to investigate ties between the campaign of President Donald

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