Iran's deputy oil minister had said that a preliminary agreement by Organization of Petroleum Exporting Countries (OPE) member nations to limit oil output to between 32.5 million and 33 million barrels per day is a "small step, but in the right direction."
China's President Xi Jinping warned Sunday that the global economy remained in a precarious condition as leaders of the BRICS group of nations tried to find ways to fire up growth in the troubled bloc.1 Comment
Asian and European markets climbed Friday following news Chinese factory gate prices increased for the first time in more than four years and as investors looked ahead to U.S. retail figures, while the death of Thailand's king sparked bargain-buying after suffering a sell-off in his final days.
Shares in Taiwan closed below the 9,200- point level Friday as chip maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) and smartphone camera lens supplier Largan Precision Co. (大立光) failed to respond positively to their third-quarter results, dealers said.
World stocks mostly fell Thursday as weak Chinese data reinforced fears over the world's number two economy, while a spat between Britain's Tesco and Dutch giant Unilever hit sentiment in Europe.
The British pound recovered Wednesday ahead of a parliamentary debate on Brexit, while Samsung faced further pressure after a major profits warning caused by its smartphone crisis.
Samsung Electronics scrapped production of its doomed Note 7 smartphone on Tuesday, sparking a fresh collapse in its share price, as global markets struggled to maintain an oil-fueled rally.
Two U.S.-based academics won the Nobel Economics Prize on Monday for groundbreaking research on contract theory that has helped design insurance policies, executive pay and even prison management.
European stock markets held firm Monday as traders digested last week's volatile performance and eyed rising eurozone investor sentiment, dealers said.
The United States called Saturday for the International Monetary Fund to speak out on crucial global economic matters, such as exchange rates, even if this made it unpopular.