Saturday, February 22, 2014
Tokyo stocks led a rebound on Asian markets Friday, reversing losses in the previous session as regional bourses took their cue from Wall Street, which shrugged off disappointing economic data.
The dollar rallied against the yen in Asia Friday on the back of mixed U.S. data, while weak eurozone manufacturing pressured the euro.
The price of oil was little changed Friday, underpinned by demand stemming from arctic weather in the U.S.
Friday, February 21, 2014
Even if you aren't sure what a Bitcoin is, you may soon find them at a nearby machine.
Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded U.S. Bitcoin fund.
IMF chief Christine Lagarde said Thursday that China was unlikely to suffer a hard landing, describing it as a “poorly understood and poorly interpreted” economy that took a cautious approach to growth.
Asian markets slumped on Thursday, as China manufacturing data showed the world's second-largest economy losing strength and Japan logged its worst-ever January trade deficit.
Currency traders moved into the yen in Asia on Thursday as weak data from the U.S., Japan and China dented investor confidence in the state of the global economy.
Oil prices slipped Thursday after a report indicated manufacturing in China, the world's second biggest economy, shrank again in February.
Thursday, February 20, 2014
Federal Reserve officials agreed at their January meeting that further gradual reductions in their stimulus would be appropriate as long as the economy keeps improving.