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Saturday, January 16, 2016
Emerging currencies climbed Friday as investors moved into riskier assets following a rebound on key equity markets and as oil prices rallied from multi-year lows.
Friday, January 15, 2016
Expansion in the Asia-Pacific region's developing economies has plateaued and can no longer be relied upon to drive global growth, the United Nations said Thursday.
Shanghai stocks saw another day of volatility Thursday, swinging sharply from big early losses to end on a high while most other Asian bourses tracked a Wall Street slump in the latest rout on world markets.
The yen rallied in Asia Thursday as traders fled higher-risk assets, pushing down emerging currencies as a rout that has swept global markets at the start of the year resumed.
Oil prices lingered near US$30 a barrel in Asia Thursday, with analysts warning they could fall further as a rise in U.S. stocks added to fears a glut in world supplies will last until next year.
Thursday, January 14, 2016
The price of oil keeps falling. And falling. And falling. It has to stop somewhere, right?
The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows -- and there may be more pain to come.
Using the aviation industry as a model, automakers have agreed to work on fundamental changes in their relationship with the U.S. government in order to spot safety trends before they become problems and get new technology to the marketplace faster, a top safety regulator and a person familiar with the discussions said Tuesday.
World shares rose Wednesday after mainland China reported improved exports in December, salving nerves about the world's No. 2 economy, though a rally in Shanghai's stock market was short-lived.
Oil prices rebounded in Asia Wednesday, halting a plunge that saw crude fall below US$30 a barrel for the first time in more than 12 years, but analysts warned of further pressure on the commodity.
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