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August, 30, 2016

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Business > Global Markets
The U.S. dollar rose Monday in Asian trade on renewed hopes for a possible U.S. rate hike this year following hawkish comments from the vice chairman of the Federal Reserve.
 
Oil prices eased in Asia Monday, ending a seven-day rally, following news that Iraq will boost crude exports, while the dollar strengthened on speculation the Federal Reserve could hike interest rates this year.
 
Businesses cash in on 'Pokemon Go'
"Pokemon Go" has sent millions of people onto the streets in a worldwide hunt for virtual monsters -- and from neighborhood restaurants to multinational corporations, businesses smell a profit.
 
European stock markets slid Friday as traders booked profits in the absence of key data heading into the weekend pause, analysts said.
 
The U.S. dollar rose against most Asian currencies Friday but its gains were capped by doubts about the chances of a U.S. interest rate hike this year.
 
Brent crude held firmly above US$50 a barrel in Asian trade Friday as a bullish momentum continued, fueled by hopes of an output freeze by key producers and data showing robust U.S. demand.
 
Oil prices eased slightly in Asia Thursday amid reports OPEC kingpin Saudi Arabia would further raise output in August.
 
World stock markets largely retreated Wednesday, with all eyes on the Federal Reserve as it prepares to offer further clues as to the timing of the next U.S. rate rise.
 
The U.S. dollar halted its slide in Asia trade Wednesday after a senior U.S. central banker said overnight that an interest rate raise could come as early as next month.
 
A commitment to investment in universities and research has enabled mainland China to join the world's top 25 most innovative economies for the first time, according to a new report co-sponsored by the United Nations' intellectual property organization.
 
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