Friday, July 18, 2014
Australian Prime Minister Tony Abbott called Thursday for G-20 economies to adopt more ambitious growth targets, urging leaders not to “waste each other's time” with a talkfest.
European stocks were lower after most Asian markets abandoned modest gains Thursday ahead of U.S. economic data and corporate earnings reports.
The dollar retreated in Asia Thursday after rallying in the previous session in response to an upbeat U.S. Federal Reserve economic report and better-than-expected Chinese growth figures.
The price of oil rose above US$102 per barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.
Thursday, July 17, 2014
Leaders of the BRICS group of emerging powers hold a summit Wednesday with South American presidents, bringing together nations seeking alternatives to U.S. influence in the region.
The Federal Reserve could raise its key interest rate sooner than expected if the job market continues to make solid improvement, Fed Chair Janet Yellen said Tuesday.
European stocks advanced Wednesday after China's economic growth picked up slightly in the second quarter but Asian markets were lukewarm about the data that largely fitted expectations.
The dollar rose in Asia on Wednesday as the head of the U.S. Federal Reserve indicated that interest rates could rise earlier than expected if the world's biggest economy continues to pick up pace.
Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing.
Wednesday, July 16, 2014
Beijing won a key victory Monday in a trade dispute with Washington, as a World Trade Organization (WTO) panel said the United States was wrong to slap punitive duties on a host of Chinese goods.