Monday, December 15, 2014
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
Saturday, December 13, 2014
Falling gas and food costs pushed down overall U.S. wholesale prices last month, evidence that cheaper oil worldwide is limiting inflation.
Renewed signs of weakness in China's economy and the slide in oil prices sent world stock markets lower Friday despite robust U.S. retail sales.
The dollar rose against other currencies in Asia on Friday as a strong U.S. retail sales report reinforced investor confidence in the world's largest economy.
U.S. oil prices tumbled below US$60 a barrel for the first time since July 2009 on Thursday, taking the shocking loss since June to about 44 percent.
Global appetite for oil will grow at a slower pace in 2015 than earlier thought despite plunging crude prices, the International Energy Agency (IEA) said on Friday, warning that further drops in prices heighten the risk of social instability in some oil producing countries.
Friday, December 12, 2014
The price of oil took another dive Wednesday, plunging to five-year lows amid mounting evidence that global supplies are far outstripping demand.
Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices.
Asian stock markets slid again Thursday as falling oil prices reinforced jitters about a sluggish global economy.