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Thursday, December 11, 2014
Oil prices fell in Asia Wednesday as dealers await the latest U.S. supply report for clues about production levels, while weak Chinese and German trade data also weighed, analysts said.
IMF chief Christine Lagarde on Tuesday warned Italy it could be heading for a social explosion if it fails to address chronic levels of youth unemployment and a “toxic” economy.
Wednesday, December 10, 2014
Asian markets retreated on profit-taking Tuesday after a healthy run-up over the past week, with Shanghai tanking more than five percent, while energy firms took a hiding as oil prices hit fresh five-year lows.
The dollar edged down against the yen Tuesday following a dip in New York, although analysts expect further advances for the greenback as monetary policy in Japan and the United States diverges.
Crude struck fresh five-year lows in Asia Tuesday, with analysts forecasting further falls owing to weak demand, a global supply glut and fewer production halts.
Britain's biggest retailer Tesco on Tuesday issued a major profits warning, sending its share price crashing, as the supermarket group undergoes changes to its business triggered by a fraud probe.
Tuesday, December 9, 2014
Chinese stocks surged to their highest level in more than three years Monday after disappointing exports raised investor hopes of more stimulus. Other Asian markets mostly posted modest gains while European stocks fell.
Crude hit fresh five-year-lows Monday following another weak batch of trade data out of China, while prices were also pressured by the strengthening dollar, analysts said.
The dollar edged higher against the yen in Asia on Monday after rallying at the end of last week on strong U.S. jobs data.
The French government wants shops to open on more Sundays, according to a proposed reform to be unveiled this week, but the measure is running into opposition.
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