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.
The U.S. dollar climbed Tuesday to a five-week high against the yen and held its euro gains on growing expectations the U.S. Federal Reserve will raise interest rates this year.
Oil prices fell further in Asia Tuesday, with U.S. crude falling below US$50 a barrel as demand for the dollar-priced commodity takes a hit from a strong U.S. currency, analysts said.
Monday, July 20, 2015
Five years after the U.S. Obama administration promised to move swiftly to permanently plug unused oil and gas wells in the Gulf of Mexico, even more shafts are lingering for longer periods with only temporary sealing, an investigation by The Associated Press shows.
Sunday, July 19, 2015
Weakening demand will lead to an almost 10 percent drop in notebook computer shipments in the world this year, according to Taipei-based market research group Digitimes Research.