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May, 5, 2016

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Business > Global Markets
Global economic recovery is still "too slow" and "too fragile" in the face of growing risks from a slowdown in China and subdued growth in developing economies, International Monetary Fund chief Christine Lagarde said Tuesday.
General Electric CEO Jeff Immelt is pledging to spend US$50 million on a series of initiatives in Boston, including US$25 million in the public schools, as his company prepares to move its headquarters to the city.
Middle Eastern and North African nations can make a "net benefit" of US$750 billion if they achieve their set targets on the use of renewable energy, a senior official said Monday.
'Panama Papers' revelations trigger global probes
Several countries have launched tax evasion probes after a massive leak of confidential documents lifted the lid on the murky offshore financial dealings of a slew of politicians and celebrities.
The U.s. dollar declined against the yen Monday with traders unmoved by a better-than-expected jump in U.S. jobs and manufacturing while analysts doubted the Bank of Japan's ability to weaken its currency.
Worldwide smartphone sales for 2016 are expected to grow only 7 percent in 2016, marking the first year for the handheld devices to post a single-digit increase in a saturated market, according to market information advisory firm Gartner.
Global stock markets slumped Friday on the first day of the second quarter, with investors rattled over new economic concerns in Japan before vital U.S. data, dealers said.
Oil prices fell on Friday as Saudi Arabia reportedly urged caution on a possible output freeze by producers to tackle a global supply glut, traders said.
The U.S. dollar struggled Friday as markets focus on U.S. jobs data later in the day, after the Federal Reserve chief threw cold water on hopes for an imminent rate hike.
Malaysia-based AirAsia, the region's biggest budget carrier by fleet size, said on Friday it plans to raise 1.0 billion ringgit (US$259 million) by selling shares to help cut its debt and finance the purchase of new aircraft.
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