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Friday, September 12, 2014
The global economy will see only modest growth this year, the U.N. said Wednesday, calling for wage hikes to boost the demand and investment needed to move towards true recovery.
Asian stocks erased gains and European markets were lower Thursday as investors tried to second guess the U.S. Federal Reserve's thinking on the timing of an interest rate hike. Japanese stocks rose as the yen resumed its fall against the U.S. dollar.
The dollar soared to a fresh six-year high in Asia on Thursday, while the pound recovered on easing concerns about Scotland's independence vote and hints of a Bank of England rate hike.
Oil prices fell in Asia Thursday after coming under pressure due to weak global demand and a supply glut even as U.S. President Barack Obama vowed to destroy jihadist militants in Syria and Iraq.
Oil prices fell in Asia Thursday after coming under pressure due to weak global demand and a supply glut even as U.S. President Barack Obama vowed to destroy jihadist militants in Syria and Iraq.
Thursday, September 11, 2014
Global stocks sank Wednesday under the weight of worries about the possible timing of a U.S. rate hike and an impending referendum on Scottish independence.
The dollar pusher higher in Asia on Wednesday to hit a fresh six-year high against the yen, while the pound struggled to recover owing to concerns about next week's Scottish independence vote.
Oil prices rose in Asia Wednesday as dealers awaited the latest U.S. supply report for clues about demand in the world's top crude consumer, analysts said.
Wednesday, September 10, 2014
The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.
Asian stock markets notched modest gains Tuesday and the dollar hit a six-year high against the yen on investor expectations the U.S. Federal Reserve will end stimulus and raise interest rates in coming months. European stocks were slightly lower.
  
  
  
  
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