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July, 29, 2016

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Business > Global Markets
Oil prices rebounded in Asia Thursday thanks to a weak dollar and bargain-hunting a day after the commodity sank to fresh two-month lows.
 
Strong loan and deposit growth helped boost JPMorgan Chase's second-quarter earnings in results released Wednesday, despite heightened uncertainty in global markets.
 
Oil prices sank in Asia on Wednesday after data indicated a rise in U.S. stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's rally.
 
EU leaders said Wednesday that they have agreed with China to form a working group to discuss Beijing's overproduction of steel, an issue they say is linked to whether they will grant market economy status to China.
 
Oil prices recovered Tuesday but stayed near two-month lows as increased U.S. drilling, a strong dollar and hints of higher production by Iran and Libya brought worries about a global glut back into focus.
 
Tokyo led a surge in Asian stock markets Monday as a stronger-than-forecast jump in U.S. jobs provided some much-needed optimism after the hammering caused by Britain's vote to leave the European Union.
 
Oil prices eased in Asia Monday as an increase in U.S. drilling activity and a strong dollar reversed gains from last week's better-than-forecast U.S. jobs report.
 
G-20 nations pledge to boost trade despite protectionism
The world's top 20 economies will work to boost sluggish global trade despite growing protectionism, overcapacity concerns, and uncertainty over Brexit, G-20 trade ministers said Sunday at a meeting in Shanghai.
 
Many workers at risk of being replaced by robots
Automation could replace many jobs in the region in the coming years but such technological advances will also make it even harder for local firms to find high-skilled staff to operate the new equipment, according to a new report.
 
India's Modi meets Zuma on Africa tour
PRETORIA - Indian Prime Minister Narendra Modi took his Africa tour to South Africa on Friday, seeking to boost trade between two countries that he said "shared values, suffering and struggles".
 
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