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Saturday, January 10, 2015
Oil prices steadied Thursday after recent heavy falls but analysts said investors remain worried about excessive global supplies.
Friday, January 9, 2015
The euro slid in Asia Thursday as falling prices in the eurozone boosted the prospect of European Central Bank (ECB) stimulus, while the Fed appears on track to hike interest rates by mid-year.
World stock markets mostly rose Thursday, boosted by positive economic news from the U.S., expectations of stimulus in Europe and stabilization in oil prices after sharp falls.
Oil extended gains in Asia Thursday following a drop in U.S. crude stockpiles that indicate stronger demand in the world's biggest economy, but analysts said prices remain under pressure due to a global supply glut.
Thursday, January 8, 2015
The eurozone slipped into deflationary territory in December for the first time since the height of the financial crisis in 2009, EU figures showed Wednesday, challenging the European Central Bank (ECB) to take action to avert a new economic crisis in Europe.
European benchmark Brent oil sank under US$50 on Wednesday for the first time since 2009, hit by OPEC's stance on maintaining its current production levels, market oversupply, weak demand and the strong dollar, analysts said.
After a lackluster year in 2014, the global tablet market is not expected to return to the explosive growth seen in the past few years over 2015 as demand growth slow on high market penetration, according to tech research firm Gartner Inc. Gartner estimated that worldwide tablet
The euro edged up from a nine-year low against the dollar on Wednesday in Asia, but it remained under pressure owing to fears of a possible Greek exit from the eurozone.
Financial and human losses from natural catastrophes were lower in 2014 than in 2013, the world's leading reinsurer Munich Re calculated in its annual review published Wednesday.
Global stock markets snapped two days of declines Wednesday but gains were tempered by worries about the plunge in oil prices and renewed doubts about Greece's membership of the euro currency bloc.
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