Tuesday, December 2, 2014
Oil prices fell further in Asia on Monday to new multi-year lows, continuing a steep selloff sparked by OPEC's decision to maintain crude output in an oversupplied market.
Saturday, November 29, 2014
Ending months of deadlock, the World Trade Organization (WTO) agreed Thursday to implement the first global trade reform agreement in its 19-year-history.
Crude oil and energy shares tumbled Friday as OPEC's decision to keep production steady rippled across the globe. Japanese stocks rose after a slew of uninspiring economic data raised hopes that more stimulus was in the pipeline while other global indexes were mixed.
Oil extended losses in Asian trade Friday after the OPEC cartel refused to cut production despite a global glut that has sent prices slumping to four-year lows, with analysts warning of further falls to come.
Malaysia's Sime Darby, the world's biggest listed palm-oil producer by acreage, announced on Friday a 2.4 percent rise in net profit in the July-September quarter, mainly on the back of higher output.
The yen weakened in Asia on Friday after a slate of tepid Japanese data that has dealt another blow to the government's plans to end years of deflation.
Friday, November 28, 2014
Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.
Organization of Petroleum Exporting Countries (OPEC) ministers met Thursday to decide whether to slash oil production amid a glut in global supplies, sending crude prices to new lows ahead of their pivotal vote.
Life insurers' negative interest spreads are expected to be reduced thanks to a decline in the cost of insurance liabilities and improvements in recurring investment yields on rising market interest rates, said a Fitch Group report.
Apple is reportedly enlisting Hon Hai Precision Industry (鴻海精密工業), also known as Foxconn Technology, to produce sapphire displays for the company's next flagship mobile devices.