Thursday, January 22, 2015
A big rebound in Chinese shares helped lead most Asian stock markets higher on Wednesday while European and U.S. markets were more restrained ahead of a European Central Bank (ECB) meeting that investors were hoping would result in another big wave of stimulus.
The yen rose in Asia on Wednesday, buoyed by the Bank of Japan's (BOJ) decision to hold off fresh easing measures as it projected a pick up in the economy.
Oil rebounded in Asia Wednesday as traders bought the commodity at cheaper prices following a slide to near six-year lows, analysts said.
Oil prices are unlikely to fall further after a plunge of nearly 60 percent since June, Iraqi Oil Minister Adel Abdul Mahdi said on Wednesday.
Wednesday, January 21, 2015
The International Monetary Fund (IMF) on Tuesday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.
Unemployment will rise by 11 million in the next five years due to slower growth and turbulence, the U.N. warned on Tuesday.
Europe's leading stock markets rose Tuesday, winning a boost from German data and expectations of ECB stimulus, as investors await also key elections in Greece.
The yen slipped in Asia on Tuesday as confidence was boosted by better-than-expected Chinese growth data, while the euro struggled against the dollar on expectations for more European Central Bank (ECB) stimulus.
Oil prices tumbled further in Asia Tuesday, with weak global demand and an oversupply dictating the trend for the commodity, analysts said.
Tuesday, January 20, 2015
Wealth accumulated by the richest one percent will exceed that of the other 99 percent in 2016, the Oxfam charity said Monday, ahead of the annual meeting of the world's most powerful at Davos, Switzerland.