Tuesday, October 6, 2015
The World Bank on Monday cut its growth forecasts for developing economies in East Asia and the Pacific but allayed fears of a hard landing for mainland China's slowing economy.
The U.S. dollar faced selling pressure against major currencies but strengthened against most of its Asia-Pacific peers Monday as concerns over emerging economies remained strong despite an expected delay in Washington's rate hike.
Oil extended gains in Asia Monday as a decline in U.S. drilling pointed to a slowdown in production, but a weak job report in the world's top economy kept a lid on gains.
Monday, October 5, 2015
Plunging nickel prices and the market woes of world mining giants have shaken the French territory of New Caledonia, a tropical archipelago in the Pacific that is hostage to the metal's fortunes.
Long eclipsed by modern medicine, demand for aromatherapy with its sensual fragrances and soothing powers has surged as more people are attracted to natural products.
Saturday, October 3, 2015
The head of the World Bank, Jim Yong Kim, criticized companies dodging taxes Thursday, calling it corrupt behavior that ultimately hurts the poor.
Oil prices climbed in Asia Friday ahead of the release of a U.S. jobs report and as a hurricane threatened refineries on the U.S. east coast.
The U.S. dollar was little changed against most of its Asia-Pacific peers on Friday as foreign exchange dealers looked ahead to closely watched U.S. employment figures released later in the day.
Friday, October 2, 2015
Shares in Taiwan ended significantly higher Thursday, driven mainly by the electronics and financial sectors, dealers said.
The head of the International Monetary Fund (IMF) said Wednesday that global growth will likely be weaker this year as the world economy confronts a host of problems, including a refugee crisis in Europe, an economic slowdown in mainland China and a pending rise in U.S. interest rates.