Wednesday, July 9, 2014
The World Gold Council (WGC), an influential industrial body, said Monday there is “strong support” for its plan to reform a century-old method of setting the price of gold in London.
Stock markets drifted lower Tuesday after U.S. indexes pulled back from record highs and investors awaited fresh data from China and corporate earnings.
The yen rose against the dollar and euro Tuesday as cautious investors retreated to the Japanese currency after two of Wall Street's main stock indexes slid from recent record highs.
The price of oil slipped to near US$103 a barrel Tuesday as concerns about possible supply disruptions continued to fade.
Tuesday, July 8, 2014
The lifespan of plasma TVs, or plasma display panel TVs, which once mesmerized consumers with their thin, flat displays and crisp picture quality, is nearing its end, as the world's leading TV makers, including Panasonic and Samsung, have announced a halt in production.
Global stock markets were mostly lower Monday as investors looked ahead to U.S. corporate earnings following last week's strong job numbers.
The dollar held up in Asia on Monday after rallying on strong jobs data last week, as investors awaited minutes of the most recent meeting of Federal Reserve policymakers.
Oil fell below US$104 per barrel on Monday as expectations of increased supply offset strong U.S. job growth.
Saturday, July 5, 2014
Asian stock markets were mostly higher Friday after the U.S. reported strong hiring for June. European markets faded after being boosted by the jobs data the day before.
The dollar was steady against the yen and euro in Asia Friday after it rallied on an encouraging U.S. jobs report that pointed to a stronger economy and a possible early interest rate hike.