Wednesday, August 5, 2015
These days it seems whatever can be burned to power a car, heat a home, make electricity or ship people and goods around the globe is being sold at bargain basement prices.
The euro modestly rebounded Tuesday following a drop in New York as a plunge on the Greek stock market revived worries about Athens' future in the eurozone.
Oil prices rebounded in Asia Tuesday after falling steeply in the previous session owing to weak Chinese and U.S. manufacturing and continued worries about the global supply glut, analysts said.
Tuesday, August 4, 2015
Oil prices fell in Asia Monday on persistent concerns about the global supply glut, after the Organization of the Petroleum Exporting Countries (OPEC) indicated that it will not budge from its current lofty output levels, analysts said.
The American dollar rose against the euro and yen on Monday after falling in U.S. trade owing to a weak report on workers' pay that reignited questions about the timeline for an interest rate hike.
Saturday, August 1, 2015
Most Asian markets advanced Friday on a healthy batch of economic growth data out of the United States but Shanghai sank again, extending the previous day's sell-off.
Oil prices extended their decline in Asia on Friday after the Organization of the Petroleum Exporting Countries (OPEC) cartel indicated that current lofty output levels will remain, while a stronger U.S. dollar is also causing downward pressure.
The American dollar eased against the yen Friday after a three-day rally driven by upbeat U.S. economic growth and expectations of a Federal Reserve interest rate hike as early as September. In Tokyo, the greenback bought 123.97 yen against 124.15 yen in New York, where it briefly jumped to 124.50 yen.
Controversial app-based taxi-hailing firm Uber plans to invest US$1 billion in India over the next nine months, the company's local head said in a statement emailed to AFP on Friday.
Friday, July 31, 2015
Chinese stocks fell again Thursday while other major global markets rose after the U.S. Federal Reserve left interest rates unchanged at a record low.