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Wednesday, January 27, 2016
1 month after Fed raises rates, world economy slows
Since the U.S. Federal Reserve raised interest rates from record lows last month, the global picture has darkened. Stock markets have plunged. Oil prices have skidded. Mainland China's leaders have struggled to steer the world's second-biggest economy.
Global stock markets sank Tuesday, led by a plunge in the Shanghai index, after a renewed slump in the price of oil kept investors on edge about the world economy.
Tuesday, January 26, 2016
As the oil price war drags on, some traders are making a killing from the opportunities created by the oversupplied market.
European shares mostly fell and Wall Street was expected to open lower on Monday as oil prices slipped back below US$32 a barrel. Earlier, Asian markets closed higher on hopes for more central bank stimulus. Keeping Score
The chairman of Saudi Arabia's state oil giant said on Monday that plans for a possible initial public offering are not being driven by a need for cash amid a global slump in oil prices, but instead signal a desire for greater openness to outside investors.
Monday, January 25, 2016
Policymakers seek to reassure after turbulence
At the end of another turbulent week in financial markets, leading global policymakers sought Saturday to ease concerns over the economic outlook for 2016 and insisted that the slowdown in mainland China is a natural turn for an economy in transition.
Arab nations seek to attract Chinese tourists
Arab nations are looking to Chinese visitors to revive their tourism sectors, battered by security fears, and also need to develop homegrown tourism as a lifeline, ministers from the region say.
Saturday, January 23, 2016
World stocks, oil surge on central bank stimulus hopes
World stock markets and oil prices rallied Friday, building on the previous day's recovery that was triggered by the European Central Bank hinting at more eurozone stimulus.
Sinking oil prices have cratered the stock market. But a silver lining could appear eventually. Cheaper gasoline and heating oil are giving consumers worldwide more money that they can use to step up spending later -- and perhaps energize economies in the United States, Europe and much of Asia.
Christine Lagarde announced Friday that she will run for a second term at the head of the International Monetary Fund (IMF), after winning strong backing from across Europe.
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