Saturday, October 25, 2014
China and 20 other Asian nations signed on Friday to a new Beijing-backed international bank for Asia that Washington opposes as an unnecessary rival to established institutions such as the World Bank.
Global stock markets retreated Friday as the first case of Ebola in New York overshadowed positive economic news.
The dollar edged down against the yen in Asia on Friday after rallying on good economic data, with the first confirmed Ebola case in New York City hitting investors' risk appetite.
Oil prices resumed their slide in Asian trade Friday following a sharp rebound the day before as investors wait for more signs of economic growth in Europe, analysts said.
Creditors of the firm responsible for China's first domestic bond default have approved a restructuring plan in hopes of getting their money back, in an effective bail-out seven months after the landmark event.
Friday, October 24, 2014
Asian stocks fell Thursday after China's factory output grew at the slowest pace in five months while European markets gained on a survey that showed an improvement in the region's business activity.
The dollar firmed in Asia on Thursday after an unexpected rise in U.S. inflation, while the euro struggled to recover as speculation swirls about further European Central Bank (ECB) easing measures.
World oil prices rebounded slightly on Thursday after sharp losses the previous day sparked by surging crude stockpiles in the United States.
Thursday, October 23, 2014
The global economy is beset by increasing “downside risks,” Asia-Pacific finance chiefs said Wednesday, a day after growth in China hit a five-year low.
Hopes for fresh stimulus from the European Central Bank (ECB) and China's steady growth bolstered Asian stocks Wednesday after the S&P 500 had its best day of the year. European markets drifted lower.