Saturday, December 20, 2014
Global stocks rallied for a second day Friday after the Federal Reserve's reassurance it was in no hurry to hike interest rates. But shares of Sony Corp. dropped as a hacking scandal rocked its American movies unit.
The yen weakened in Asia Friday after the Bank of Japan (BOJ) held off fresh easing measures and struck a slightly more upbeat view of the world's number three economy.
Oil prices edged up in Asia Friday after falling sharply in the previous session, as analysts predicted increased volatility and no end in sight this year to tumbling prices.
The International Monetary Fund (IMF) held back 86 million euros (US$106 million) in bailout funds for Cyprus Friday after the island's parliament delayed a vote on foreclosure legislation demanded by lenders.
Friday, December 19, 2014
World stock markets powered higher Thursday, sweeping aside worries about a flagging global economy after the U.S. Federal Reserve said it would remain “patient” in its approach to raising interest rates.
The ruble recovered in Asia Thursday after Russian authorities launched fresh measures to halt its collapse, while the Federal Reserve's indication that interest rates will not rise until mid-2015 supported the dollar.
Oil prices were little changed in Asia Thursday after data showed U.S. stockpiles dipping, while the Federal Reserve indicated interest rates would not be hiked until the middle of next year.
Mozambique Wednesday published a law setting the framework for energy firms Anadarko and ENI's multibillion-dollar gas projects, as the country gears up to become a leading exporter of liquefied gas.
Thursday, December 18, 2014
A legislative committee yesterday approved a three-year delay on a capital gains tax targeting major market players, dashing investor hopes that the tax would be removed.
Even before Mao Chi-kuo (毛治國) took over as the fifth premier of the Ma Ying-jeou presidency in six years, he had been expected to lead a “caretaker Cabinet.” The lame duck president humbled in the Nov. 29 local elections is no longer able to push his policies, the argument goes, so all the Ma administration can do is to sit on its hands and wait for the end of the president's term.1 Comment