Friday, March 27, 2015
World stock markets and the U.S. dollar slid Thursday, battered by weak economic data and tensions in the Middle East as futures pointed to another dive on Wall Street.
The U.S. dollar fell against the yen and euro Thursday after poor U.S. data dented confidence in the world's top economy and threw into question the timeline for a long-awaited Federal Reserve interest rate hike.
Oil prices jumped more than five percent in Asia Thursday after Saudi Arabian jets struck rebel targets in Yemen, with fears growing that a spiralling crisis in the country could threaten key crude producers in the Middle East.
Borse Dubai has sold its significant stake in the London Stock Exchange, sending the UK group's share price plunging on Thursday.
Thursday, March 26, 2015
The budget airlines that have won a major share of the European aviation market are subject to the same safety and maintenance requirements, experts said Tuesday, and have rarely been involved in accidents.
World stock markets drifted Wednesday as investor sentiment was kept in check by the prospect of higher U.S. interest rates following improved economic data as well as the lingering fears about China's weakening growth.
The U.S. dollar pulled back on Wednesday after rallying in U.S. trade, where upbeat data boosted the case for an early Fed interest rate hike.
Oil prices were mixed in Asia Wednesday ahead of the release of U.S. stockpiles data, a closely watched barometer of demand in the world's biggest consumer of the commodity, analysts said.
Wednesday, March 25, 2015
The president of the Asian Development Bank (ADB) says a proposed Chinese-led regional bank is a potential partner rather than a rival and the ADB is talking with Beijing to share its experience.
World stocks rose Tuesday but gains were tempered as a manufacturing survey underlined that China's economic growth is still losing momentum.