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May, 29, 2016

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Business > Global Markets
Oil prices dipped in Asia on Thursday as investors locked in profits after the previous day's surge to six-month highs that was fuelled by a surprise decline in U.S. stockpiles.
 
The U.S. dollar was little changed against the euro and pound but rose against the yen in Asian trade on Thursday with volatility subsiding as market players await fresh trading cues.
 
A global finance leader asserts that as much as US$2 trillion, or 2 percent of the global economy, in bribe money courses through developing and developed countries each year, undermining economic growth and diminishing basic services most needed by the poor.
 
A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada's output and demand in India soars, the International Energy Agency (IEA) said Thursday.
 
Organic, fair trade chocolate has proved popular in recent years, especially with ethically minded Western consumers keen to give cocoa farmers around the world a better deal.
 
Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to restart production after being closed by huge wildfires.
 
Oil traders moved cautiously in Asia on Tuesday after the previous day's sharp losses as the threat of wildfires to Canada's crude-producing Alberta region eased and a strong greenback dampened appetite.
 
Panama Papers database on shell companies goes online
The public gained its first access to the Panama Papers records of over 200,000 secret offshore companies Monday when the International Consortium of Investigative Journalists put a searchable database up online.
 
Tech eyes digital life beyond smartphone
The smartphone revolutionized how people live and work, but the technology world is now struggling to see what comes next.
 
Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its oil minister.
 
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