Tuesday, January 12, 2016
The U.S. dollar rose against the yen in volatile Asian trade Monday but all eyes were on the yuan as mainland China moves to calm a stock market turmoil.
Oil prices fell further Monday on persistent worries about China's growth slowdown and a supply glut, but analysts said tensions between producer giants Iran and Saudi Arabia could provide some support.
The idea of growing fruit trees on the top of buildings, or producing fruit and vegetables inside multistory buildings using artificial light, might have been viewed as a fanciful idea once -- but not anymore.
Saturday, January 9, 2016
Oil prices rebounded from 12-year lows in Asia Friday but China-triggered global stock market turmoil and crude oversupply kept investors on edge.
Saudi Arabia is considering issuing shares in state-owned oil giant Saudi Aramco, the kingdom's powerful deputy crown prince told The Economist in a rare interview published Thursday.
A recent rally in the yen fizzled on Friday after Chinese authorities moved to stop wild market volatility stoked by concerns about the world's number two economy, a major driver of global growth.
Friday, January 8, 2016
BEIJING -- Chinese stocks rebounded Friday while Europe and other Asian markets were moderately higher a day after a sell-off in China rattled global investors.
China will suspend "circuit breakers", the top securities regulator said, after the trading curbs were again triggered Thursday when share prices dropped more than seven percent, halting share trading early for the second time this week.
The World Bank slashed its growth forecast for the global economy in 2016 on Wednesday, citing "disappointing" growth in major emerging-market economies like mainland China and Brazil.
Global shares dived Thursday, led by mainland Chinese markets, which were suspended after a more than 7 percent plunge as Beijing weakened the value of the yuan currency to a five-year low.