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Asian trade

Bitcoin suffers dramatic price plunge in Asia

TOKYO: Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a hit as it emerged that South Korean exchange Youbit had been hacked, leading the firm to say it will close and start bankruptcy proceedings, according to Bloomberg News. Separately, US authorities on Tuesday suspended trading in a popular Bitcoin-related…

Oil prices steady ahead of OPEC meeting on supply cut extension

SEOUL: Oil prices held steady in early Asian trade on Friday as the market waited to see whether major oil producers would extend supply cuts beyond March at a meeting in Vienna later in the day. International benchmark Brent crude futures were at $56.40 a barrel at 0046 GMT (5:46 AM PST), down 3 cents (or 0.05 percent) from their last close. US West Texas Intermediate (WTI) crude futures, on the other hand, were up 7 cents (or 0.14 percent) at $50.62 per barrel. The Organization of the Petroleum Exporting Countries…

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Monday, pressed by a stronger US dollar and ongoing concern about swelling US inventories that are adding to a global supply glut, analysts said.