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1 Article
Source: Common Domain

Asian markets fall in slow post-Easter trading

Tuesday 03:19 GMT

Asian stock markets fell Monday following the Easter holiday weekend as investors looked ahead to U.S. and Japanese economic data.

On Wall Street, the benchmark Standard & Poor’s 500 index ended a shortened trading week on Thursday snapping a winning streak of three weekly gains.

2 Articles
Source: Common Domain

Asian markets slip as oil prices surge

Wednesday 03:19 GMT

Asian markets were largely down in early trading Tuesday as oil prices surged to nearly six-month highs after the U.S. said it would soon impose sanctions on all buyers of Iranian oil.

Industry experts said the sanctions could potentially remove up to 1.2 million barrels of oil per day from international markets. But that number will likely be lower, depending on how countries respond and just how much oil Iran continues to export.

1 Article
Source: Common Domain

Logistics Report: Listing for Warehouses; Precision Rail Profits; AI Seeking Potholes

Thursday 12:39 GMT

Precision railroading was pioneered by the late rail executive Hunter Harrison, whose swift implementation of the strategy at rival operator CSX Corp. caused widespread initial service disruptions.

(Air Cargo World) Port Logistics Group is buying e-commerce services firm Whiplash Merchandising Inc. (Los Angeles Business Journal) Meal-kit dinners have a smaller carbon footprint than grocery store meals in part because of streamlined supply chains.

1 Article
Source: Common Domain

Asian markets mixed as Wall Street retreats from record highs

Thursday 12:40 GMT

Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs.

In Hong Kong, real-estate companies continued to rise, with Sun Hung Kai Properties 0016, +2.18%   and Country Garden 2007, +1.59%   advancing, while Geely Automobile 0175, -1.90%   and oil producer CNOOC 0883, -1.22%   fell. Chip maker SK Hynix 000660, +3.57%   gained in South Korea as it posted a 69% drop in first-quarter profit, but forecast chip demand to improve later this year.


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