Wednesday, July 16, 2014
European stocks were mostly lower Tuesday, led by a decline in Germany's Software AG, after a strong day in Asia on hopes for stronger Chinese economic growth.
The dollar and euro maintained recent gains against the yen on Tuesday after the Bank of Japan (BOJ) held off expanding its huge stimulus program.
Oil prices fell in Asia Tuesday as investors await congressional testimony by the U.S. central bank chief for fresh clues about the state of the world's biggest economy, analysts said.
Tuesday, July 15, 2014
Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions.
Global stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe.
The yen weakened in Asian trade Monday as the Bank of Japan (BOJ) kicked off a two-day policy meeting, with investors also eyeing testimony from the head of the U.S. Federal Reserve later this week.
The price of oil edged lower Monday after its biggest one-day drop since April on expectations Libyan oil will soon return to the market.
Monday, July 14, 2014
Aircraft makers gathering for the Farnborough air show this week look to build on already robust passenger plane sales, and Airbus may use the event to launch an upgrade of its A330 jet.
Although its diplomatic clout is compromised on several fronts, the United States still dictates its economic law around the globe and has even expanded its reach, at the risk of raising hackles.
Saturday, July 12, 2014
European stock markets rebounded Friday after slumping on worries about the soundness of a bank in Portugal, while trading in Asia was muted over the specter of more financial turmoil in Europe.