The number of unemployed young people is set to swell by 500,000 worldwide this year to reach 71 million, marking the first hike in three years, the U.N. said Wednesday.
Oil prices turned higher in Asian trade Thursday, a day after suffering hefty losses in response to data showing a surprise jump in U.S. stockpiles, while hopes for a deal to limit output were dealt a blow.
World Bank chief Jim Yong Kim will seek a second term of office, the global development lender said Tuesday as it announced the start of a selection process for the presidency.
The U.S. dollar rose Wednesday with the Federal Reserve's policy plans in focus, while the South Korean won fell after the North tested a submarine-launched missile, bringing geopolitical tensions back into focus.
Oil fell in Asia Wednesday on oversupply fears, after data showed an increase in U.S. crude stocks, and as traders took advantage of a recent rally to book profits.
Energy firms sank in Asian trade on Tuesday as oil prices extended the previous day's sharp losses due to profit-taking after a recent rally and fresh worries about a global oversupply.
Loose monetary policy should support growth in Asia in coming months, economists say, but regional growth is likely to be negatively affected by a slowdown in China and possible Brexit fallout.
The U.S. dollar rose Monday in Asian trade on renewed hopes for a possible U.S. rate hike this year following hawkish comments from the vice chairman of the Federal Reserve.
Oil prices eased in Asia Monday, ending a seven-day rally, following news that Iraq will boost crude exports, while the dollar strengthened on speculation the Federal Reserve could hike interest rates this year.
"Pokemon Go" has sent millions of people onto the streets in a worldwide hunt for virtual monsters -- and from neighborhood restaurants to multinational corporations, businesses smell a profit.