Tuesday, July 22, 2014
World stock markets remained on the back foot Monday as tensions grew between Russia and the West over the downing of an airliner in eastern Ukraine.
The yen strengthened in Asia Monday as investors sought out lower-risk investments as a hedge against geopolitical uncertainty fuelled by the MH17 tragedy and Israel's ground offensive in Gaza, analysts said.
Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East.
Monday, July 21, 2014
By creating their own multilateral financial institutions, the BRICS emerging-market powers are shaking up global economic governance but remain far from dismantling the post-war system dominated by the West.
Saturday, July 19, 2014
Global information and communication technology (ICT) companies had an overall more optimistic outlook for the third quarter of the year than the previous quarter, according to the results of a survey released Friday.
Business leaders in Australia Friday called on G-20 leading economies to implement recommendations on structural reforms and free trade that could boost global growth by US$3.4 trillion and create millions of jobs.
Asian stock markets fell Friday, unnerved by a ratcheting up of global political tensions after a Malaysian jetliner was shot down over Ukraine and Israel launched a ground offensive in the Gaza Strip.
The dollar edged up in Asian trade Friday after tumbling in New York on news that a Malaysia Airlines jet had crashed in Ukraine killing almost 300 people, with the U.S. saying it had been shot down.
The price of oil continued to climb on Friday, reaching nearly US$104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies.
Friday, July 18, 2014
South American presidents hailed on Wednesday the creation of a development bank by the BRICS group of emerging powers as an alternative to the Western-dominated global financial system.