Wednesday, December 17, 2014
The dollar hit a new record against the ruble in Asia Tuesday as plunging oil prices and geopolitical tensions slam the Russian economy, while worries about the global outlook push investors fleeing for safe investments.
Tuesday, December 16, 2014
Addicted to liquidity and disconnected from the real economy, global markets are likely to dance in 2015 to the different monetary policy tunes played by the U.S. Fed, the ECB and China, while plunging oil prices could spice up the mix.
European stocks inched higher Monday while Asian markets fell as weak Japanese data, slumping oil prices and a hostage situation in Australia's largest city induced caution.
The yen firmed against the dollar and the euro in Asian trade Monday as sliding oil prices provoked growth concerns.
Oil prices bounced back in Asia Monday on hopes of upbeat global manufacturing data to be released later this week, but remained near five-year lows after plunging more than 50 percent since June.
Nigeria's two main oil workers' unions said they would launch an indefinite strike on Monday, threatening to hurt the output of Africa's largest oil producer.
Monday, December 15, 2014
Worldwide sales of new semiconductor manufacturing equipment will increase 15.2 percent to nearly US$44 billion in 2015, according to trade association Semiconductor Equipment and Materials International's (SEMI) annual forecast.
The transaction value of commercial properties for the first 11 months of this year fell to a nearly three-year low, with Yung Ching Realty Group attributing the decline to a move by many local life insurers to focus on overseas property markets.
The International Monetary Fund's number two said on Saturday he was “impressed” by war-torn Ukraine's plans for economic changes aimed at staving off bankruptcy and a foreign debt default.
Sunday, December 14, 2014
Crashing oil prices dragged U.S. stocks to one of their worst losses of the year Friday, completing a global rout of equity markets after what has been for many a banner year.1 Comment