Saturday, May 23, 2015
Chinese stocks hit a seven-year high as investors pinned their hopes on further economic stimulus while most other world markets were subdued Friday ahead of a speech by Federal Reserve chair Janet Yellen.
French energy group Total is to hand back one of its two shale gas licences in Denmark after disappointing test drilling results, the Danish Energy Agency said on Friday.
Friday, May 22, 2015
The sharp fall in the euro over the past year appears to be paying dividends by helping the eurozone deal with one of its major economic problems -- unemployment.
World stock markets were lackluster Thursday after mainland China's economy showed new signs of weakness but the Shanghai benchmark surged on hopes for more government stimulus.
Oil prices rose in Asia Thursday after a decline in U.S. petroleum stockpiles and production boosted hopes of an easing in the global supply glut, analysts said.
The U.S. dollar edged down Thursday after minutes from the U.S. Federal Reserve's last policy meeting all but ruled out a June interest rate hike.
Thursday, May 21, 2015
U.S. regulators on Wednesday fined Swiss bank UBS US$342 million for manipulation of foreign exchange markets, as other global lenders prepared for even larger penalties.
The U.S. panel created to prevent a repeat of the 2008 financial crisis said Tuesday that banks and other financial institutions are stronger now but regulators must remain alert to new risks including the danger posed from cyberattack.
Asian stocks rose Wednesday, boosted by strength in the dollar, but European markets fell and Wall Street futures were flat ahead of the release of minutes from the Federal Reserve's last policy meeting.
Oil prices rebounded in Asia Wednesday following steep losses in the previous session, but analysts said gains were capped by a strong dollar and persistent concerns about a global supply glut.