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March, 2, 2017

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Business > Global Markets
European equities retreated Wednesday, shrugging off earlier gains in Asia, as investors waited on an expected interest rate hike from the U.S. Federal Reserve.
 
Asian markets mostly fell Tuesday as attention turns to this week's much-anticipated Federal Reserve meeting, while analysts said the recent Trump-fueled rally may have been overblown.
 
Oil prices surge on output deal
World oil prices rose sharply Monday after non-OPEC producers struck a deal to cut output, while Asian markets were mixed and Europe's main stock markets were subdued before a key Fed meeting due this week.
 
As the end of the year approaches, it's time to think about taxes.
 
Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC (Organization of the Petroleum Exporting Countries) cartel in an exceptional bid to end the world's glut of crude and reverse a dramatic fall in income.
 
Technology startups target financial services
It may not be much longer before bank branches join video-rental stores and record shops as relics of a bygone era.
 
Asian markets extended gains Wednesday after another record close on Wall Street, with Japan's SoftBank surging after Donald Trump said the telecoms giant had agreed to invest US$50 billion in the U.S.
 
Most Asian stocks rallied while the euro held up and high-yielding currencies rebounded Tuesday as investors rediscovered their appetite for risk after the previous day's losses fueled by Italian uncertainty.
 
46 countries fail to reach environmental goods deal
Forty-six countries including the U.S., China and European Union nations failed Sunday to agree on a list of "environmental goods" like solar-powered air conditioners or LED light bulbs that could see lower tariffs.
 
Arms manufacturers in Europe and Russia gained market share in 2015, but international sales were still dominated by their U.S. competitors, the Stockholm International Peace Research Institute (SIPRI) said Monday.
 
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