Friday, January 22, 2016
The IMF on Thursday opens formal nominations for the next term of managing director, with incumbent Christine Lagarde seen as the leading candidate despite possibly facing a trial in France.
Stocks, oil and emerging currencies all went into reverse Thursday as an early rally gave way to fear again, extending a rout that has sent global markets into a tailspin since the start of the year.
High-yielding emerging currencies rallied against the U.S. dollar on Thursday as sentiment improved following broad advances across regional stock markets and a jump in oil prices.
Oil rose in Asia Thursday, giving a much-needed breather to the battered crude market, but traders remain on edge as the supply glut and weak demand that has sent prices to more than 12-year lows shows no sign of letting up.
Thursday, January 21, 2016
Energy stocks are leading another sell-off on Wall Street as the price of oil continues to plunge.
Global stocks sagged Wednesday after the IMF's lower growth forecast added to anxiety over a weaker Chinese economy.
Global unemployment rose in 2015 and is expected to worsen further over the next two years, the International Labour Organization said Tuesday, citing downturns in key emerging economies.
The U.S. dollar advanced against emerging currencies Wednesday in Asia as risk sentiment took a hit on the latest rout in regional stock markets.
U.S. crude prices extended losses Wednesday, heading towards US$27 a barrel, as the International Energy Agency (IEA) warned that the oil market could "drown in oversupply."
Wednesday, January 20, 2016
The International Monetary Fund warned of substantial risks in the major emerging market economies Tuesday as it lowered its outlook for global economic growth this year.