Tuesday, November 18, 2014
The yen climbed against the dollar in Asia Monday after briefly hitting a seven-year low in response to data showing Japan had slumped into recession.
Oil prices slipped in Asia Monday but losses were limited by speculation that the Organization of the Petroleum Exporting Countries (OPEC) cartel would be forced to cut output to prevent further big losses, analysts said.
Monday, November 17, 2014
G-20 leaders representing the bulk of the world's economy on Sunday committed to reform measures to lift their collective growth by an extra 2.1 percent by 2018, despite evidence of a slowdown in some major nations.
Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous new projects to squeeze oil out of the tar sands of Canada are being shelved.
Sunday, November 16, 2014
Under pressure to jolt the stubbornly lethargic world economy back to life, leaders of G-20 nations on Sunday finalized a plan to boost global GDP by more than $2 trillion over five years by investing in infrastructure and increasing trade.
Saturday, November 15, 2014
World stocks were mostly higher Friday as investors expected policymakers in Europe and Japan to open the stimulus taps wider as their economies slumber.
The yen was mixed in Asia on Friday as investors eye third-quarter Japanese growth figures next week while speculation swirls of a delay to a controversial sales tax hike and a possible snap election next month.
Oil prices bounced back in Asia Friday after diving to fresh lows in the previous session on expectations that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut production levels to counter a global supply glut.
Wheat prices are surging this week as temperatures plunge in the U.S. Plains states and after a government report showed domestic supplies slipped.
Friday, November 14, 2014
Global stocks were mostly higher Thursday after Japan reported a surprise rise in machinery orders as investors looked ahead to the latest U.S. employment and retail sales data.