Saturday, March 14, 2015
Oil prices climbed in Asia Friday as news of a deal to end a strike at U.S. refineries helped reverse losses that had been fuelled by another leap in U.S. inventories.
Friday, March 13, 2015
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.004 to close at NT$31.670 as traders here took hints from heavy losses suffered by the South Korean won to cut their holdings in the local currency, dealers said.
IMF Managing Director Christine Lagarde said Wednesday that major advanced economies were seeing “better news” thanks to cheap oil, currency shifts and low interest rates that encourage investment.
Global shares regained a firmer footing Thursday after several days of volatile trading linked to anxiety over a probable rate hike in the U.S.
The euro resumed its slump Thursday, sitting around 12-year lows against the dollar, as the European Central Bank's new stimulus and the likelihood of a U.S. rate hike push the embattled unit closer to parity with the greenback.
Oil prices inched higher in Asia Thursday but gains were capped as dealers fretted over an over-supplied global market after U.S. crude reserves once again swelled to a record high.
Thursday, March 12, 2015
Asian stocks were mostly lower Wednesday on investor anxiety about a looming U.S. interest rate hike while European markets rebounded from a similar drop the day before.
The dollar marched higher Wednesday, supported by expectations for a mid-year U.S. rate hike and diverging policy paths between the U.S. Federal Reserve and other major central banks.
Oil prices rebounded in Asia Wednesday following steep losses
Wednesday, March 11, 2015
Asian shares brushed off a positive lead from Wall Street to mainly retreat for a second straight day Tuesday, as official data pointed to further weakness in China's economy.