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Thursday, September 4, 2014
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.
European stocks led gains in global markets Wednesday after a cease-fire was announced in eastern Ukraine. Markets were also buoyed by new signs of strength in the U.S. economy and expectations that Europe's central bank will provide more support to the flagging region.
The dollar hovered around eight-month highs against the yen in Asia Wednesday, powered by upbeat U.S. manufacturing data, as the Bank of Japan kicked off a two-day policy meeting.
Oil prices rebounded on bargain-hunting in Asia Wednesday after falling to multi-month lows owing to a surge in the U.S. dollar and weak global manufacturing data, analysts said.
Wednesday, September 3, 2014
World stocks were mostly higher Tuesday as investors awaited central bank meetings later this week in Europe as well as U.S. employment figures. The U.S. dollar extended its rally against the euro and the yen on expectations the Fed will be the first major central bank to raise interest rates.
The dollar and euro rallied against the yen in Asia on Tuesday as Japanese central bank policymakers prepared to meet, under pressure to launch more economic stimulus as the economy falters.
Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh U.S. economic figures, analysts said.
Tuesday, September 2, 2014
European shares drifted lower Monday as tensions over Ukraine simmered while Asian stock markets mostly rose on expectations of stimulus in China after manufacturing growth slowed in August.
The euro struggled at a one-year low against the dollar in Asia on Monday, ahead of a European Central Bank (ECB) meeting where policymakers will consider their next move in the face of weak eurozone inflation.
Oil prices were mixed in muted Asian trade Monday ahead of a public holiday in the United States and as dealers digest downcast Chinese manufacturing data, analysts said.
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