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May, 1, 2016

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Business > Global Markets
Oil prices rebounded in Asia Wednesday after a two-day sell-off fanned by concerns over planned talks between major producers to freeze output.
 
Illegal tuna fishing in the Pacific has reached a "staggering" value of up to US$740 million a year, a study released Tuesday found.
 
Asian stocks retreated Tuesday, with Tokyo sinking after the Bank of Japan held fire on fresh monetary stimulus, while energy companies slid following a drop in oil prices.
 
Oil extended its decline in Asia Tuesday as hopes faded that major crude producers would freeze output to ease a world surplus, sending Brent crude back below US$40.
 
The yen ticked up in Tokyo on Tuesday after the Bank of Japan decided to leave its monetary stance unchanged, including its controversial negative interest rate policy.
 
Oil prices dipped in Asia Monday on profit-taking following last week's rise and Iran's move not to join a proposed output freeze by crude producers.
 
The Australian dollar hit an eight-month high Monday as commodity-linked currencies got a boost on the back of a rise in global equity markets, with investors focusing on a string of central bank meetings.
 
Asia is "the world's most dynamic region" but structural reforms are key given its increasing importance to the global economy, International Monetary Fund chief Christine Lagarde said in New Delhi on Saturday.
 
Oil prices rebounded in Asia Friday, but doubts over a planned meeting between producer giants including Russia and Saudi Arabia this month to discuss an output freeze held back gains.
 
The euro held its gains in Asian trading on Friday after surging on the back of suggestions from the European Central Bank that it is unlikely to further reduce interest rates after slashing deeper into negative territory.
 
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