Saturday, December 7, 2013
Financial markets were in a state of suspended animation on Friday as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.
The dollar edged up in Asia Friday ahead of U.S. jobs data later in the day that are seen as key to the Federal Reserve's plans for its stimulus program.
The price of oil was steady Friday after being buoyed by stronger economic growth in the world's largest economy.
Friday, December 6, 2013
Korea and Australia have reached a free trade agreement after resolving controversial issues over beef and an investor-state dispute settlement clause, trade officials in Seoul said Thursday.
India on Thursday faced mounting pressure to compromise in a global impasse over food security that has cast the future of the World Trade Organization into doubt.
European shares steadied on Thursday after three days of selling, as focus turned to whether the European Central Bank will offer any new economic stimulus after the Bank of England left its interest rates at a record low.
The dollar eased in Asia Thursday ahead of key U.S. jobs data seen as crucial for the timing of the Federal Reserve's stimulus pullback, while the euro treaded water as European central bankers meet later in the day.
Oil remained above US$97 a barrel Thursday on lower U.S. stockpiles but concerns of oversupply in the Middle East capped gains. Benchmark U.S. crude for January delivery was up 4 cents at US$97.24 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract gained US$1.16 to close at US$97.20 on Wednesday.
Thursday, December 5, 2013
Global growth was modest and a tepid expansion in the eurozone masked a growing disparity among its key members last month, data showed on Wednesday.
Indonesia India Wednesday rejected a proposed World Trade Organization package, casting a cloud over a high-stakes conference tasked with reviving the WTO's faltering efforts to liberalize global commerce.