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February, 21, 2017

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Business > Global Markets
A nickel here, a nickel there, and pretty soon you're talking about some real money.
 
Kuwait's new oil minister said Thursday he expects crude prices to climb to US$60 a barrel as output cuts agreed by OPEC and non-OPEC producers take hold next year.
 
European equities retreated Wednesday, shrugging off earlier gains in Asia, as investors waited on an expected interest rate hike from the U.S. Federal Reserve.
 
Asian markets mostly fell Tuesday as attention turns to this week's much-anticipated Federal Reserve meeting, while analysts said the recent Trump-fueled rally may have been overblown.
 
Oil prices surge on output deal
World oil prices rose sharply Monday after non-OPEC producers struck a deal to cut output, while Asian markets were mixed and Europe's main stock markets were subdued before a key Fed meeting due this week.
 
As the end of the year approaches, it's time to think about taxes.
 
Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC (Organization of the Petroleum Exporting Countries) cartel in an exceptional bid to end the world's glut of crude and reverse a dramatic fall in income.
 
Technology startups target financial services
It may not be much longer before bank branches join video-rental stores and record shops as relics of a bygone era.
 
Asian markets extended gains Wednesday after another record close on Wall Street, with Japan's SoftBank surging after Donald Trump said the telecoms giant had agreed to invest US$50 billion in the U.S.
 
Most Asian stocks rallied while the euro held up and high-yielding currencies rebounded Tuesday as investors rediscovered their appetite for risk after the previous day's losses fueled by Italian uncertainty.
 
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