Monday, November 30, 2015
The International Monetary Fund is expected to approve inclusion of China's yuan in its SDR basket of elite currencies on Monday, rewarding Beijing's strong pursuit of the global status.
The Special Drawing Right has been the International Monetary Fund's "artificial currency" since 1969, used notably to calculate the interest rates it charges on loans to member states.
Saturday, November 28, 2015
Oil prices traded near US$42 in Asia Friday as U.S. markets took a break for Thanksgiving and Russia ruled out a military strike against Turkey for shooting down one of its warplanes.
Friday, November 27, 2015
Global stocks were mostly higher Thursday on expectations for additional European Central Bank stimulus as jitters about tensions between Russia and Turkey faded.
Oil prices held above US$43 a barrel in Asia Thursday after U.S. commercial crude supplies rose at a slower pace, while jitters lingered over the shooting down by Turkey of a Russian warplane.
The euro struggled in Asia Thursday as expectations grew that the European Central Bank (ECB) will announce a boost to its monetary stimulus measures next week.
Thursday, November 26, 2015
Developing countries could face a bill of US$790 billion (741 billion euros) per year by 2050 for adapting to climate change, anti-poverty agency Oxfam said Wednesday.
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.
Oil prices turned higher in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey's shooting down of a Russian fighter jet on the Syrian border.
Wednesday, November 25, 2015
Shares in Taiwan suffered heavy losses Tuesday as the bellwether electronics sector took a dive amid lingering worries over the weakness of global demand for high-tech devices, dealers said.