Friday, May 8, 2015
Oil prices fell in Asia Thursday as dealers fretted over a lower-than-expected drop in U.S. crude production that dimmed hopes of a quick end to a global supply glut, analysts said.
Thursday, May 7, 2015
U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the face of lower oil prices.
The U.S. Federal Reserve is unlikely to hike interest rates in June, but it's just a matter of time until it happens, since the rate still needs to be normalized, according to Harry Yen (顏輝煌), director-general of Central Bank's foreign exchange department.
European stock markets got off to a solid start Wednesday as U.S. futures pointed to a rebound on Wall Street. Asian markets closed lower, dented by weak earnings in Australia, a jump in oil prices and volatility in Chinese stocks.
Oil prices extended gains in Asia to trade at 2015 highs Wednesday as fresh tensions in oil producer Libya raised concerns about a supply disruption in the Middle East, analysts said.
Wednesday, May 6, 2015
It should have been a proud moment for TV: A much-hyped sports event drawing in millions of paying viewers and showcasing the clout still held by traditional media heavyweights.
Chinese stocks plunged Tuesday as the start of an IPO wave cooled investor sentiment and Australian shares were flat after the central bank cut interest rates to a record low to stimulate the limping economy. Other global benchmarks were mixed with two major Asian markets closed.
The U.S. dollar rose in Asian trade Tuesday on fresh expectations the U.S. central bank may raise interest rates in the second half of the year, analysts said.
Oil prices drifted lower Monday, with the market lacking major news for direction as traders continued to worry about abundant global supplies of crude oil.
Tuesday, May 5, 2015
World stock markets were mostly higher Monday after Wall Street rebounded and China's leaders promised to shore up slowing growth.