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Friday, August 7, 2015
Russia starts destroying smuggled Western foods
MOSCOW - Russian officials on Thursday steamrolled tonnes of cheese, fruit and vegetables, defying public outrage to begin a controversial drive to destroy Western food smuggled into the crisis-hit country.
Oil prices fell in Asia Thursday after a mixed U.S. energy report showed a healthy decline in crude stockpiles but a rise in output that could aggravate the global supply glut.
Thursday, August 6, 2015
The International Monetary Fund (IMF) said Tuesday that it needs to do "significant work" in reviewing the inclusion of China's currency in its basket of "special drawing rights" (SDR) reserve currency.
The U.S. dollar rose against the euro and yen in Asia Wednesday, adding to gains driven by a U.S. Federal Reserve official's support for a September interest rate hike.
Oil prices rose in Asia Wednesday as dealers predicted that the latest U.S. crude stockpiles and production data will point towards upbeat demand in the world's top crude consumer, analysts said.
Wednesday, August 5, 2015
Fire sale on stuff that burns: Oil, natural gas, coal down
These days it seems whatever can be burned to power a car, heat a home, make electricity or ship people and goods around the globe is being sold at bargain basement prices.
The euro modestly rebounded Tuesday following a drop in New York as a plunge on the Greek stock market revived worries about Athens' future in the eurozone.
Oil prices rebounded in Asia Tuesday after falling steeply in the previous session owing to weak Chinese and U.S. manufacturing and continued worries about the global supply glut, analysts said.
Tuesday, August 4, 2015
Oil prices fell in Asia Monday on persistent concerns about the global supply glut, after the Organization of the Petroleum Exporting Countries (OPEC) indicated that it will not budge from its current lofty output levels, analysts said.
The American dollar rose against the euro and yen on Monday after falling in U.S. trade owing to a weak report on workers' pay that reignited questions about the timeline for an interest rate hike.
  
  
  
  
  
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