Tuesday, January 27, 2015
Saudi Arabia's new leadership will push forward efforts to diversify the growing but oil-dependent economy, while easing procedures for investors, senior officials said on Monday.
Oil fell in Asia Monday after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the struggling euro, analysts said.
German businesses are confident about the outlook for Europe's biggest economy, a new poll showed Monday, as a weaker euro and falling oil prices are set to boost the country's exporters.
Monday, January 26, 2015
The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday.
Saturday, January 24, 2015
The European Central Bank's (ECB) bond-buying “bazooka” fired global stock markets higher on Friday, but sent the euro diving to a new 11-year dollar low.
The euro was under pressure in Asian trade after sinking to its lowest level in more than a decade following the European Central Bank's (ECB) launch of a vast bond-buying program aimed at kick-starting the eurozone economy.
Friday, January 23, 2015
Asian stock markets meandered Thursday ahead of a well telegraphed announcement later in the day of additional European Central Bank (ECB) stimulus.
The euro struggled against the dollar in Asia on Thursday as traders await a European Central Bank meeting where policymakers are widely expected to launch a huge bond-buying program to kick-start the eurozone economy.
Oil prices edged lower in Asia Thursday as dealers await a much-anticipated European Central Bank (ECB) policy meeting and the release of the latest U.S. supply report, analysts said.
Dubai real estate giant Nakheel, hit badly during the global debt crisis, said Wednesday its profits surged 43 percent on year in 2014 to US$1.0 billion.