Saturday, July 19, 2014
Asian stock markets fell Friday, unnerved by a ratcheting up of global political tensions after a Malaysian jetliner was shot down over Ukraine and Israel launched a ground offensive in the Gaza Strip.
The dollar edged up in Asian trade Friday after tumbling in New York on news that a Malaysia Airlines jet had crashed in Ukraine killing almost 300 people, with the U.S. saying it had been shot down.
The price of oil continued to climb on Friday, reaching nearly US$104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies.
Friday, July 18, 2014
South American presidents hailed on Wednesday the creation of a development bank by the BRICS group of emerging powers as an alternative to the Western-dominated global financial system.
Australian Prime Minister Tony Abbott called Thursday for G-20 economies to adopt more ambitious growth targets, urging leaders not to “waste each other's time” with a talkfest.
European stocks were lower after most Asian markets abandoned modest gains Thursday ahead of U.S. economic data and corporate earnings reports.
The dollar retreated in Asia Thursday after rallying in the previous session in response to an upbeat U.S. Federal Reserve economic report and better-than-expected Chinese growth figures.
The price of oil rose above US$102 per barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.
Thursday, July 17, 2014
Leaders of the BRICS group of emerging powers hold a summit Wednesday with South American presidents, bringing together nations seeking alternatives to U.S. influence in the region.
The Federal Reserve could raise its key interest rate sooner than expected if the job market continues to make solid improvement, Fed Chair Janet Yellen said Tuesday.