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S. Korea's import prices dip in March

April 10, 2013 15:17
South Korea's import prices fell at the sharpest pace in 41 months in March as oil prices declined and the local currency rose per the dollar, the central bank said Wednesday. In local currency terms, the country's import prices declined 10.8 percent in March from a year earlier after falling 8.6 percent on-year in February, according to the Bank of Korea (BOK). The March decline marked the steepest fall since a 15.3 percent on-year retreat in October 2009. The BOK said that a sharp decline in oil prices and the won's ascent drove down import prices last month.

Oil prices retreat on Saudi exports dip

February 19, 2013 13:46
Oil prices slid on Tuesday as data showed a drop in crude exports from Saudi Arabia and as US traders returned to work after a long holiday weekend. Brent North Sea crude for delivery in April dropped 45 cents to $116.93 a barrel in late London deals. New York's main contract, light sweet crude for March slipped 10 cents to $95.76 a barrel. "We're seeing a little pullback on a relatively quiet day, with data showing Saudi Arabia production dipping," said Jason Hughes, head of premium client management at IG Markets in Singapore.

GLOBAL MARKETS-U.S. stocks slip before earnings; oil dips

January 7, 2013 15:58
* Wall Street shares retreat from 5-year high * Brent crude dips below $111 a barrel * Dollar pulls back from 2-1/2-year high versus yen NEW YORK, Jan 7 (Reuters) - U.S. stock prices fell on Monday on worries about disappointing company results while world oil prices dipped on profit-taking, but signs of improvement in the global economy capped the losses.

GLOBAL MARKETS-Share rally stalls as more U.S. budget battles loom

January 3, 2013 12:00
* World shares ease back from 18-month highs * Brent oil falls to $112 a barrel * Dollar index hits three-week high * Euro dips 0.3 pct to $1.3150 By Richard Hubbard LONDON, Jan 3 (Reuters) - A global share market rally petered out on Thursday as investors focused on U.S. political battles ahead over spending cuts, halting the gains that followed a deal to avoid sharp tax hikes.
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