Friday, March 28, 2014
Political instability in Ukraine —coupled with potential freeze damage to winter wheat in the United States and a deepening drought in some major wheat producing countries — are conspiring to significantly drive up wheat prices, economists say.
Use of China's yuan as a global payments currency retreated in February, transactions organization SWIFT said, as the unit fell against the dollar.
A new Cuban foreign investment law to be passed this week will let companies keep earnings tax-free for eight years, state media reported Wednesday.
Asian stock markets vacillated as investors waited to see if weak Chinese economic data might prompt new economic stimulus. European shares drifted down.
The price of oil remained above US$100 a barrel Thursday as traders held positions after a surge the day before despite a larger-than-expected increase in oil supplies.
The dollar edged up against the yen in Asia Thursday after falling in U.S. trade on concerns about the U.S. banking system and tensions between Russia and the West.
Thursday, March 27, 2014
World stock markets gained Wednesday as investors anticipated further stimulus measures from Europe and China while U.S. economic data reinforced recovery hopes in the world's largest economy.
The dollar stayed firm against other currencies in Asia on Wednesday, holding onto gains on data showing U.S. consumer confidence at a six-year high.
The price of oil was becalmed Wednesday as the energy market waited for a weekly U.S. crude stockpiles report.
Wednesday, March 26, 2014
Australian Prime Minister Tony Abbott Tuesday said substantial progress had been made in securing free trade agreements with its three largest export markets and a pact with Japan should be finalized within weeks.