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Saturday, March 21, 2015
The head of the Bank of Japan (BOJ) on Friday acknowledged that Tokyo's attempt to conquer years of deflation had been “very challenging,” but said it was a key test case for other central banks.
Friday, March 20, 2015
Vietnam-based budget airline VietJet said Thursday that it will offer 4,000 NT$15 (US$0.4) one-way tickets on its route between Taipei Taoyuan International Airport and Ho Chi Minh City to celebrate a new domestic air link in the Southeast Asian country.
Global stocks were mostly higher Thursday, but Tokyo's market slumped over a U.S. Fed statement overnight that reversed the recent trend for a strong dollar, while other markets were cheered by a surge on Wall Street that followed.
The dollar struggled to recover Thursday after diving on comments from the U.S. Federal Reserve that cooled expectations of an early summer interest rate hike.
Another surge in U.S. stockpiles pushed oil prices lower again Thursday, giving up some of the big gains in New York that came after the Federal Reserve cooled the chances of an early summer interest rate hike.
Thursday, March 19, 2015
Chinese stocks jumped to the highest level in seven years Wednesday as investors bet authorities will unleash new economic stimulus while other world indexes were uneven before the conclusion of a key U.S. Federal Reserve meeting.
Oil prices extended their losses in Asia Wednesday to new six-year lows on expectations Amercian crude stockpiles will rise further, in a market already awash with supplies, analysts said.
Tuesday, March 17, 2015
Asian stocks markets jumped Tuesday while Europe got off to a lackluster start as investors cheered the prospect of stimulus in China and second guessed what signals the Federal Reserve will give on interest rates at its policy meeting this week.
Chinese stocks surged Monday to their highest in half a decade on hopes of new government stimulus. Other world markets awaited a Federal Reserve meeting this week that may set the stage for the first U.S. interest rate hike since the global financial crisis.
The U.S. dollar held up against the yen and euro on Tuesday ahead of a closely watched U.S. Federal Reserve policy meeting, while the yen faced pressure after the Bank of Japan (BOJ) warned of zero inflation “for the time being.”
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