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May, 24, 2016

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Business > Global Markets
Asian stock markets moved cautiously Monday as investors sat tight awaiting fresh news about a possible U.S. rate rise and after G-7 finance ministers pressed Japan not to weaken its currency.
 
Oil prices dipped in Asia Monday after Iran said it has no plans to join any output freeze by other major producers.
 
The yen picked up Monday after the G-7 wagged its finger at Japan over threats to weaken its currency, reminding Tokyo of previous commitments not to intervene in forex markets.
 
Global stock markets drifted higher on Friday as investors restored calm a day after worries about the U.S. Federal Reserve's rate hike signals prompted sell-offs.
 
Brent crude powered back above US$49 a barrel in Asia Friday as oil prices resumed their rise after the U.S. dollar eased and militants blew up another pipeline in African producer Nigeria.
 
Grab your sunglasses, a giant cup of coffee and prepare to hit the highway: 2016 is shaping up to be the summer of the road trip. Cheap fuel prices have left many American families flush with spare cash, which they now plan to spend on vacations.
 
The U.S. dollar was little changed Friday, holding gains against the euro while rising against the yen as a G-7 finance meeting kicked off in northern Japan.
 
The World Bank has approved US$130 million worth of new loans for Cambodia, ending a five-year freeze in new lending to the country following a spate of controversial forced evictions by the government.
 
Unique startups find their mecca in Shenzhen
Shenzhen is the world's electronics manufacturing capital, so what better place to be for entrepreneurs with ideas they want to turn into actual devices?
 
Oil prices extended their retreat in Asia Thursday after hawkish U.S. Federal Reserve meeting minutes strengthened the U.S. dollar and a weekly report showed a rise in U.S. crude stockpiles.
 
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