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Saturday, May 9, 2015
The former head of the World Trade Organization, Pascal Lamy, said Thursday that improved consumer protection was at the heart of the controversial U.S.-European Union free-trade pact under negotiation.
European shares rose Friday and the pound jumped as British election results suggested the Conservative Party had won enough support to form a stable government. Worse-than-expected Chinese trade figures revived hopes for additional economic stimulus measures and boosted Asian stocks.
The British pound jumped Friday after exit polls showed Prime Minister David Cameron's Conservatives headed for victory, while the dollar won support on hopes for a solid U.S. jobs report later in the day.
Oil prices fell in Asia Friday, extending sharp losses in the previous session as traders fretted about a global oversupply, analysts said.
Friday, May 8, 2015
Asian economies will lead world growth in 2015, expanding at a 5.6 percent pace that is level with last year, as recoveries in India and Japan help to offset the slowdown in China, the IMF said in a report Thursday.
Global markets drooped Thursday after comments from the U.S. Federal Reserve chief fanned fears about the American economy.
The dollar notched up modest gains Thursday after tumbling on weak U.S. jobs data and a warning from Federal Reserve Chair Janet Yellen that stock markets were at risk of overheating.
Oil prices fell in Asia Thursday as dealers fretted over a lower-than-expected drop in U.S. crude production that dimmed hopes of a quick end to a global supply glut, analysts said.
Thursday, May 7, 2015
U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the face of lower oil prices.
The U.S. Federal Reserve is unlikely to hike interest rates in June, but it's just a matter of time until it happens, since the rate still needs to be normalized, according to Harry Yen (顏輝煌), director-general of Central Bank's foreign exchange department.
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