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June, 1, 2016

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Business > Global Markets
Australian entrepreneur Craig Wright on Monday identified himself as the creator of Bitcoin, following years of speculation about who invented the pioneering digital currency.
Oil prices dipped Monday after enjoying another strong rally last week, with news of a jump in Iraqi exports bringing supply glut fears back to the fore.
France braced Sunday for violence at May Day rallies where workers are fired up over labor reforms, while similar fears of eroding rights sent tens of thousands into the streets of South Korea.
Oil prices eased slightly in Asia Friday after hitting a series of new highs this week, bolstered by a weak U.S. dollar.
Oil prices dipped in Asia Thursday as traders took profits after crude costs hit a new high for the year in response to falling U.S. production.
The U.S. dollar fell on Wednesday as traders look to a Federal Reserve policy meeting for more clues about its timeline for raising interest rates.
Oil prices extended gains in Asia Wednesday as traders await a report on U.S. stockpiles, and some analysts said the market was set for a rebalancing after touching bottom.
Oil prices rose in Asia Tuesday, rebounding from sharp losses sparked by a report that Saudi Arabia was close to completing an oilfield expansion.
The U.S. dollar weakened against its major peers Tuesday ahead of a Federal Reserve meeting as the shaky global economy weighs on hopes for a summer U.S. rate hike, with a Bank of Japan gathering also in focus.
With global economic growth slowing, inflation staying low and digital innovation generating uncertainty, companies are increasingly looking at partnership deals with other firms, even competitors, to boost revenues, consulting firm EY said Monday.
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