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September, 27, 2016

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Business > Global Markets
Oil prices edged up Friday on bargain-buying and a weaker dollar after another slump fueled by a surge in U.S. stockpiles and worries about an upcoming meeting to tackle a global supply glut.
 
Europe's main stock markets rebounded on Thursday following a weak finish to August, as traders digested worldwide manufacturing numbers.
 
Oil prices weakened further Thursday with sentiment weighed down by a sharp rise in U.S. crude stockpiles, dealers said.
 
Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa's finance department said Wednesday, in a coup for Beijing after Washington had tried to dissuade U.S. allies from signing up.
 
European and Asian stock markets diverged on Wednesday with traders reacting to mixed regional data ahead of key U.S. jobs numbers due later in the week.
 
Oil fell further Wednesday as dealers awaited the latest update on crude reserves in the United States.
 
The U.S. dollar held its ground Wednesday as traders bet on a U.S. rate hike while poor Japanese factory output pressured the yen.
 
Europe's main stock markets pushed upward on Tuesday, mirroring gains elsewhere, but London was somewhat subdued after a long holiday weekend, dealers said.
 
Oil prices edged up in Asia on Tuesday, a day after retreating on a stronger U.S. dollar, but worries about a global supply glut are keeping gains in check ahead of a key producers' meeting next month.
 
Free trade talks between the European Union and the United States have failed, Germany's economy minister said Sunday, citing a lack of progress on any of the major sections of the long-running negotiations.
 
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