Saturday, November 14, 2015
The value of unregulated "shadow banking" rose to some US$80 trillion last year, according to a report Thursday by the Financial Stability Board, which advises G-20 states on banking reform and oversees regulation of the global financial system.
Most world stocks slid Friday following sharp losses, as a slump in commodities markets deterred investors from riskier assets and expectations grew that the U.S. would soon move to raise interest rates.
The U.S. dollar came under further selling pressure on Friday as investors turned cautious over falling global stocks while awaiting fresh U.S. data on retail sales later in the day.
Shares in troubled mining giant Glencore plunged in Hong Kong on Friday, following a rout in London as a sell-off in metals shows no sign of abating.
Oil prices remained under pressure in Asia Friday after a huge jump in U.S. crude inventories reinforced projections that a supply glut will persist well into next year.
Friday, November 13, 2015
The U.S. dollar eased against emerging currencies Thursday in Asia after surging at the start of the week, while a strong unemployment reading boosted the Australian dollar.
Oil prices rose in Asia Thursday, bouncing back from a sharp fall the day before but expectations of another build in U.S. crude inventories cast a shadow on the market.
Thursday, November 12, 2015
Japan, the United States but also increasingly mainland China, are among the few nations driving global innovations like 3D printing, the U.N. said Wednesday, urging more investments in fields expected to carry future economic growth.
Shanghai stocks managed to lead a regional advance on Wednesday as more figures from mainland China indicating weakness in the world's No. 2 economy spurred hopes Beijing will unveil more measures to spur growth.
The U.S. dollar retreated in Asia on Wednesday after rallying on last week's U.S. jobs data, as analysts said the latest economic figures from mainland China failed to ease international anxiety over its economy.