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Thursday, March 20, 2014
Yellen's tightrope walk in first Q&A as Fed chair
At her first news conference as Federal Reserve chair, Janet Yellen had a message for the financial world: The U.S. economy may need several more years to fully heal from the Great Recession.
Global stock markets were subdued Wednesday ahead of the outcome of the Federal Reserve's first policy meeting under its new chief.
The dollar edged higher against the yen and euro in Asia on Wednesday as investors focus on the U.S. Federal Reserve's latest policy meeting, the first under new chair Janet Yellen.
The price of oil was down slightly Wednesday as energy markets waited for the latest figures on U.S. crude and fuel stockpiles.
Wednesday, March 19, 2014
Stronger-than-expected recovery in leading industrialized nations has boosted global trade confidence but longer-term growth will depend on the level of Asia's investment in research & development (R&D) to move up the value chain, according to HSBC.
The dollar and euro rose against the yen in Asia Tuesday as investors took in their stride Crimea's vote to leave Ukraine and join Russia as the West announce sanctions against Moscow officials.
The price of oil edged up Tuesday as strong U.S. factory output boosted the outlook for the world's biggest economy.
Tuesday, March 18, 2014
The mass expansion of Internet domain names could cause havoc for the defense of trademarks in cyberspace, the U.N.'s intellectual property body warned on Monday.
Europe's main stock markets advanced on Monday as investors shrugged off news that Crimea had voted to break away from Ukraine and join Russia in a disputed referendum, dealers said.
The dollar edged higher in Asia on Monday as investors track events in Eastern Europe after Crimeans voted to break away from Ukraine and join Russia, sparking threats of sanctions from the West.
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