Saturday, July 25, 2015
Asian markets mostly fell Friday following more downbeat Chinese data and another sell-off on Wall Street while the dollar edged up ahead of an expected U.S. interest rate rise.
Oil prices rose in Asia on Friday following recent losses but analysts said the rebound is unlikely to be sustained because of a global crude glut.
The euro lost early gains in Asia on Friday after getting a boost from progress in the Greek debt crisis, while the dollar rose against most Asian currencies as investors bet on a U.S. rate hike this year.
Friday, July 24, 2015
Pearson PLC, the owner of the Financial Times, said Thursday it has agreed to sell FT Group to Nikkei Inc. for 844 million pounds (US$1.3 billion), payable in cash.
Asian markets mostly rose Thursday, with Tokyo lifted by a stronger dollar as investors position for an expected U.S. rate hike and Shanghai extending a recent rally to six sessions.
The euro traded higher against the dollar and the yen on Thursday as Greece's parliament passed legislation on reforms crucial to securing bailout funds from its creditors.
Oil prices were mixed in Asia Thursday, with West Texas Intermediate (WTI) stuck below US$50 a barrel after a rise in U.S. stockpiles added to concerns over a supply glut, analysts said.
Thursday, July 23, 2015
Asian markets mostly retreated Wednesday following a negative lead from Wall Street while Japanese shares were dragged by a stronger yen, but Shanghai extended its latest rally to a fifth straight day.
Oil prices resumed their decline in Asia Wednesday following a U.S. report showing that stockpiles surged last week, with analysts warning of further weakness ahead.
The U.S. dollar's rally against the yen stumbled Wednesday before a Federal Reserve meeting next week which could give clues about the timing of a U.S. interest rate rise.