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Asia Online Stock Broker

Asia Online Stock Broker

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Recent News:

07/08/2008 Oil slumps on easing storm worry and dollar (Reuters)

A New York City cab driver fills his taxi up with gas at a Hess station in New York July 2, 2008. (Shannon Stapleton/Reuters)Reuters - Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained against other currencies.


07/08/2008 Alcoa's profit lower but tops Street forecasts (Reuters)

People leave the Alcoa Business Services Center in Pittsburgh, Pennsylvania, February 13, 2007. (Jason Cohn/Reuters)Reuters - Aluminum producer Alcoa Inc on Tuesday posted a better-than-expected quarterly profit, lifting its shares, as higher aluminum prices and sales volumes offset increased costs.


07/08/2008 Stocks rise on banks and lower oil (Reuters)

Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.


07/08/2008 Traders plead guilty to foreign exchange scam (Reuters)
Reuters - Two currency traders pleaded guilty on Tuesday to defrauding investors, admitting their firm engaged in almost no trading and that they misappropriated money from investors and used it to buy luxury homes and cars, federal prosecutors said.

07/08/2008 Fed may extend Wall Street lending (Reuters)

Federal Reserve Board Chairman Ben Bernanke speaks at the Senate Finance Committee health reform summit in Washington, June 16, 2008. (Jim Young/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank may keep an emergency lending facility for big Wall Street firms open longer than it initially intended, a signal the Fed is fearful of shutting down a vital backstop.


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