Friday, October 9, 2015
Oil prices bounced back in Asia Thursday as investors weighed a rise in U.S. crude inventories and production against a forecast by OPEC's chief of rising demand.
The U.S. dollar declined further against some emerging Asian currencies Thursday on waning expectations of an early rise in U.S. interest rates.
Thursday, October 8, 2015
Oil prices on Wednesday extended a rally on hopes a global supply glut could be easing, boosting Asian energy shares, while a broadly confident outlook saw emerging currencies surge against the U.S. dollar.
Waning expectations of an early rise in U.S. interest rates helped higher-yielding currencies advance against the U.S. dollar again Wednesday.
Oil prices climbed further in Asia Wednesday, driven by hopes a crude supply glut would ease and expectations the U.S. central bank would not raise interest rates in the near future.
Wednesday, October 7, 2015
Oil prices held above US$46 a barrel in Asia Tuesday ahead of a report on U.S. commercial crude inventories, a closely watched indicator of demand in the world's top consumer.
The Indonesian rupiah rose Tuesday on renewed risk appetite as speculation strengthened that the U.S, Federal Reserve would delay raising rates following disappointing U.S. economic data.
Latin America's economies will contract by 0.3 percent this year as a weak global economy, falling commodity prices and China's slowdown continue hammering emerging markets, a U.N. panel forecast Monday.
Tuesday, October 6, 2015
The United States and 11 other Pacific Rim countries have agreed to an ambitious trade pact that cuts trade barriers, sets labor and environmental standards and protects multinational corporations' intellectual property.
Leading world economies are close to adopting sweeping changes to international tax rules that could end tax-dodging by powerful multinationals.