Asian shares rose on Friday, on track for weekly gains, shrugging off global losses logged after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates even if other stimulus options remaine
Oil prices jumped on Friday on prospects of a co-ordinated production cut sparked by comments from the energy minister of Opec member United Arab Emirates.
Still, analysts said such a move remained unlikely and
Turkish Airlines has launched daily flights from Abu Dhabi to Istanbul, increasing the frequency from four to seven flights a week, according to the company.
The national carrier will now carry approximat
Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by the first US interest rate hike in nearly a decade and a depreciating yuan.
Crude oil prices were on track to post weekly losses on Friday as an oversupply of physical oil and a strong dollar bedevilled the market.
Benchmark prices regained some ground in early trading, but any sustain
Gold traded flat on Friday, on track to post its biggest weekly drop in five as strong US economic data supported the case for a near-term increase in interest rates.
The upward revision in US economic growth i
Gold steadied on Friday after a rally to six-week highs ran out of steam, but it remained on track for the biggest weekly rise since mid-January as more bad economic data from China battered financial markets.
Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat US economic data strengthened expectations for a near-term hike in interest rates.
Gold was little changed on Friday, on track for a second weekly gain, bolstered by the Federal Reserve's caution on US interest rate hikes and worries over Greece, but a recovering dollar capped the upside.
Spot gold was up 0.
Gold fell from three-month highs on Friday as the dollar firmed, but stayed on track for its biggest weekly gain since mid-January as a spate of soft economic data dented expectations for an imminent rise in US interest rates.