Wednesday, March 11, 2015
The U.S. dollar hit a near eight-year high against the yen Tuesday on mounting speculation that the Federal Reserve will lift interest rates by mid-year as the U.S. economy picks up strength.
The first round of Mexico's historic opening of the oil sector has attracted huge interest from private firms jostling to enter the auction despite falling crude prices, officials said Monday.
Oil prices were lower in Asia Tuesday as dealers weighed a strengthening U.S. dollar with ongoing geopolitical tensions in the crude-rich Middle East, analysts said.
Tuesday, March 10, 2015
Saudi Arabia overtook India in 2014 as the world's biggest importer of defense equipment, fuelled by tensions in the Middle East, according to a study published Sunday by respected analysts IHS Jane's.
Global stocks fell Monday after strong U.S. jobs data increased chances that the Federal Reserve will move up its timetable for raising interest rates.
The U.S. dollar held up Monday after soaring on an upbeat U.S. jobs report that boosted expectations for an early interest rate hike, while it sat at near 12-year highs against the euro as the European Central Bank prepares to launch a massive stimulus program.
Oil prices fell in Asia Monday, pressed by a stronger U.S. dollar and ongoing concern about swelling U.S. inventories that are adding to a global supply glut, analysts said.
Saturday, March 7, 2015
European stocks traded cautiously ahead of a U.S. jobs report Friday that could influence when the Federal Reserve raises interest rates this year. Asian markets were mostly higher after being buoyed by positive news about the global economy.
The dollar was steady ahead of a key U.S. jobs report later Friday, while the euro struggled after the European Central Bank (ECB) released details of an unprecedented monetary easing plan designed to lift the faltering eurozone economy.
Oil prices rose in Asia on Friday as dealers focused on increasing tensions in the Middle East and Ukraine, while shrugging off concerns about surging U.S. stockpiles, analysts said.