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June, 26, 2016

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Business > Global Markets
Global stock markets drifted higher on Friday as investors restored calm a day after worries about the U.S. Federal Reserve's rate hike signals prompted sell-offs.
 
Brent crude powered back above US$49 a barrel in Asia Friday as oil prices resumed their rise after the U.S. dollar eased and militants blew up another pipeline in African producer Nigeria.
 
Grab your sunglasses, a giant cup of coffee and prepare to hit the highway: 2016 is shaping up to be the summer of the road trip. Cheap fuel prices have left many American families flush with spare cash, which they now plan to spend on vacations.
 
The U.S. dollar was little changed Friday, holding gains against the euro while rising against the yen as a G-7 finance meeting kicked off in northern Japan.
 
The World Bank has approved US$130 million worth of new loans for Cambodia, ending a five-year freeze in new lending to the country following a spate of controversial forced evictions by the government.
 
Unique startups find their mecca in Shenzhen
Shenzhen is the world's electronics manufacturing capital, so what better place to be for entrepreneurs with ideas they want to turn into actual devices?
 
Oil prices extended their retreat in Asia Thursday after hawkish U.S. Federal Reserve meeting minutes strengthened the U.S. dollar and a weekly report showed a rise in U.S. crude stockpiles.
 
By 2030 two-thirds of the world's population will be living in cities, the urban population in developing countries will double, and the area covered by cities could triple, according to a U.N. report launched Wednesday.
 
The U.S. dollar soared against emerging market currencies on Thursday as investors sought safety after minutes showed the Federal Reserve was more likely to raise interest rates than previously believed.
 
European stock markets fell Wednesday after losses across Asia and on Wall Street as traders awaited Federal Reserve policy minutes for clues on the outlook for U.S. interest rates.
 
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