Saturday, August 29, 2015
World stock markets were uneven on Friday as a global rally driven by upbeat U.S. economic data faded.
Crude extended gains in Asia Friday following a 10-percent price surge in the previous session fuelled by strong U.S. economic data.
The U.S. dollar stayed firm against the yen Friday after upbeat U.S. growth data suggested the world's top economy was weathering a slowdown in mainland China, ahead of a key U.S. Federal Reserve summit of central bankers.
Mainland China has eased property investment rules for foreign individuals and institutions across the country, enabling qualified foreign institutional and individual investors to buy more properties on the Chinese mainland, authorities announced in a circular on Thursday evening.
Popular Japanese messaging app Line said Friday it was still considering plans for an initial public offering, after a report said it had shelved the sale for a second year in a row.
Friday, August 28, 2015
The U.S. economy posted a much bigger rebound in growth during the spring than previously reported, thanks to improvements in a number of areas including consumer spending and business investment.
U.S. stocks climbed Thursday morning, extending their recovery from a sharp sell-off that was triggered by concerns about the health of the Chinese economy.
French oil giant Total announced Thursday it had agreed to sell a North Sea gas terminal and two pipelines in a deal worth over US$900 million in a move to help offset falling oil prices.
Mainland Chinese property and cinema giant Dalian Wanda Group said Thursday that it is buying the company that owns the Ironman triathlon brand and race series as it forecasts explosive demand in China for the sport.
Fuel prices in Taiwan are expected to move sharply lower next week at a time when international crude oil prices kept falling amid concerns that the weakness of the global market will further drag down global demand, market sources said.