Tuesday, October 14, 2014
Oil prices fell in Asian trade Monday on growing concerns about demand as equities tumble on global growth woes and supplies increase.
Monday, October 13, 2014
Weakened by its failure in July to seal a key deal on a global customs pact amid continued wrangling with India, the World Trade Organization is at a crossroads, observers say.
Saturday, October 11, 2014
European stock markets fell heavily on Friday and the euro was down against the dollar, hit by growing signs that the eurozone economy may be at risk from recession and by gloom over the global outlook.
The yen picked up strength in Asia on Friday as dealers sought out safer bets after poor German data and an IMF warning of possible eurozone recession exacerbated concerns about the global economy.
Brent oil dived to a four-year low point on Friday, extending this week's sharp falls on global economic fears and plentiful crude supplies, analysts said.
The EU said Thursday a new political and economic accord with Kazakhstan, a key member of Russia's rival economic bloc, will help bolster security in an unsettled region.
Friday, October 10, 2014
Global stocks markets were mostly higher Thursday after Wall Street had its best day this year and the U.S. Federal Reserve signaled it will keep interest rates low.
The dollar struggled in Asia on Thursday following the release of minutes from the Federal Reserve's September meeting that dampened expectations for an early interest rate hike.
Oil prices bounced from multi-month lows in Asia Thursday, lifted by an equities rally and a weaker dollar as minutes from the U.S. Federal Reserve's latest policy meeting indicate it may keep interest rates at record lows longer than expected.
Thursday, October 9, 2014
The World Bank's top chief financial officer Bertrand Badre gave up a controversial US$94,000 bonus after a staff uproar over the issue, officials said Tuesday.