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Thursday, May 21, 2015
Oil prices rebounded in Asia Wednesday following steep losses in the previous session, but analysts said gains were capped by a strong dollar and persistent concerns about a global supply glut.
The dollar extended its gains on Wednesday after getting a boost from strong housing data and expectations for more European central bank stimulus.
Wednesday, May 20, 2015
WTO rejects country of origin labels on meat
Labels on packaged steaks and other cuts of red meat in the United States that say where the animals were born, raised and slaughtered will have to be dropped or revised after a World Trade Organization ruling Monday.
Greenback making presence felt globally
For Americans, there are cheaper vacations in Europe and lower-priced imports. A Chinese factory is selling fewer goods in Europe. A U.S. toymaker's exports are being squeezed. A German winery says overseas demand is up.
Only a fourth of the world's workforce have stable contracts, leading to growing job insecurity, a U.N. report said Tuesday.
Global stock markets were boosted Tuesday by Greece's declaration of progress in bailout talks and a new high on Wall Street as investors looked ahead to U.S. and European inflation data.
The euro was under pressure Tuesday after tumbling in U.S. trade on worries about the long-running talks between cash-strapped Greece and its creditors on reforming its bailout terms.
Oil prices were mixed in Asia on Tuesday as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich Middle East, analysts said.
Tuesday, May 19, 2015
The ascending oil price has prompted three big banks -- Barclays, Morgan Stanley and Deutsche Bank -- to flag the danger of a financial bubble.
World stock markets were uneven Monday as weak data from the U.S. and China clouded the outlook for the global economy while Greece and its European creditors remained apart on bailout terms.
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