Thursday, March 5, 2015
Oil prices were mixed in Asia Wednesday ahead of the release of a key U.S. supply report and as dealers eyed escalating violence in crude producer Libya, analysts said.
Wednesday, March 4, 2015
Shares in Taiwan pulled back Thursday as investors locked in gains they had built up in recent sessions, with selling focusing on the bellwether electronics sector, in particular semiconductor stocks, dealers said.
Forget about old economy and new economy. Everything is now part of the tech economy, a prominent U.S. research panel said Monday.
Global stock markets were lackluster Tuesday despite a milestone for the Nasdaq as investors looked ahead to the release of China's growth target.
The dollar slipped Tuesday following mixed U.S. data, but it was sitting near a two-year high against China's yuan after Beijing cut interest rates at the weekend for the second time in three months.
The last time the Nasdaq was this high, Bill Clinton was president, your Internet connection was probably still dial-up and the iPod, iPhone and iPad didn't exist.
Tuesday, March 3, 2015
World stock markets were mostly higher Monday as a weekend interest rate cut by the Chinese central bank lifted sentiment following a lower estimate of U.S. economic growth last quarter.
The dollar extended its gains in Asia on Monday as better-than-expected revised U.S. economic growth data and an interest rate cut by China's central bank boosted confidence, analysts said.
Oil prices stabilized in Asia Monday following sharp gains in the previous session as dealers predicted the end of volatile trading and the beaten-down commodity bottoming out, analysts said.
Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach US$64 or US$65 per barrel.