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Tag Archives: 5yrs

US dollar climbs to highest level in more than 5yrs

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HONG KONG: The dollar climbed to its highest stage in more than five years and US stock-index futures surged before the release of American factory data. Oil expanded with silver, while tin plunged. The Bloomberg Dollar Spot Index strengthened 0.3 per cent at 10.41am in Hong Kong. The yen retreated 0.5 per cent and the euro headed for its lowest ... Read More »

Brent slips to 5yrs low under $66

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LONDON: In the five years, Benchmark Brent crude slid to its lowest level on Tuesday, dropping under $66 a drum after reducing more than 4% the day before on worries of a swelling surplus. Oil prices are likely to remain around $65 a barrel for the next six or seven months, the chief of Kuwait’s national oil company said on ... Read More »