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Friday, July 24, 2015
Pearson to sell FT to Nikkei for US$1.3 billion
Pearson PLC, the owner of the Financial Times, said Thursday it has agreed to sell FT Group to Nikkei Inc. for 844 million pounds (US$1.3 billion), payable in cash.
Asian markets mostly rose Thursday, with Tokyo lifted by a stronger dollar as investors position for an expected U.S. rate hike and Shanghai extending a recent rally to six sessions.
The euro traded higher against the dollar and the yen on Thursday as Greece's parliament passed legislation on reforms crucial to securing bailout funds from its creditors.
Oil prices were mixed in Asia Thursday, with West Texas Intermediate (WTI) stuck below US$50 a barrel after a rise in U.S. stockpiles added to concerns over a supply glut, analysts said.
Thursday, July 23, 2015
Asian markets mostly retreated Wednesday following a negative lead from Wall Street while Japanese shares were dragged by a stronger yen, but Shanghai extended its latest rally to a fifth straight day.
Oil prices resumed their decline in Asia Wednesday following a U.S. report showing that stockpiles surged last week, with analysts warning of further weakness ahead.
The U.S. dollar's rally against the yen stumbled Wednesday before a Federal Reserve meeting next week which could give clues about the timing of a U.S. interest rate rise.
Wednesday, July 22, 2015
Commercial airlines will need to recruit and train 558,000 new pilots over the next 20 years to meet rising travel demand, according to a Boeing forecast released Monday.
Investors are running out of reasons to own gold. The price of the metal, which is often seen as a hedge against inflation and a weak dollar, slumped to its lowest in five years on Monday.
Global stock markets were uneven Tuesday as investors digested a wave of quarterly corporate earnings reports that will provide guidance on the state of the world economy.
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