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Tuesday, September 9, 2014
Brent crude oil, the European benchmark, dropped on Monday to less than US$100 for the first time in more than 14 months on a strong supply situation despite unrest in producer regions.
Monday, September 8, 2014
Vast projects to expand the Suez and Panama canals are being talked up as the biggest upheaval for decades in global maritime traffic, but experts say they could be outflanked by a trade shift towards Asia.
Saturday, September 6, 2014
Global stock markets fluctuated as investors waited for a key U.S. jobs report later Friday and currencies struggled against the dollar's strength.
The dollar soared to a near six-year high against the yen Friday on upbeat expectations for U.S. jobs data, while the euro sank after the European Central Bank (ECB) launched a surprise round of monetary easing.
Oil prices rose in Asia Friday as dealers digested a mixed U.S. inventory report and a new round of interest rate cuts by the European Central Bank, while keeping watch on the Ukraine conflict.
Friday, September 5, 2014
Global stock markets were lackluster Thursday as investors looked ahead to a European Central Bank (ECB) meeting and U.S. economic data. Declines were tempered by an easing of tensions over Ukraine.
The yen ticked up in Asia Thursday after the Bank of Japan (BOJ) refrained from expanding its monetary easing program, despite a slate of poor data for the world's number three economy.
Oil prices slipped in Asian trade Thursday as dealers squared their positions after a rally spurred in part by hopes of a resolution to the Ukraine conflict.
Thursday, September 4, 2014
Corruption, fraud and money-laundering cost poor countries a total of US$1.0 trillion a year, the anti-poverty organization ONE said in a study released on Wednesday.
The International Monetary Fund (IMF) on Tuesday approved a US$553 million loan for Yemen to help the struggling country stabilize its finances and boost growth.
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