Friday, February 5, 2016
Trade ministers from 12 Pacific Rim countries including the United States gathered Thursday in New Zealand for the ceremonial signing of a free-trade deal they say will significantly boost trade.
Most Asian stocks jumped Thursday, leading world markets higher as oil prices bounced back and weak U.S. economic data fueled investor hopes that the Fed would slow the pace of rate hikes this year. Japanese shares fell as the yen rose against the U.S. dollar.
Thursday, February 4, 2016
WELLINGTON, New Zealand -- Trade ministers from 12 Pacific Rim countries including the United States gathered Thursday in New Zealand for the ceremonial signing of a free-trade deal they say will significantly boost trade.
The economic recovery in the 19-country eurozone lost steam in January, a closely watched survey found Wednesday, a sign that the turmoil in global financial markets is beginning to weigh on business activity.
Wednesday, February 3, 2016
Factory activity in the world's two biggest economies -- the United States and mainland China -- slowed in January, a discouraging trend for the global economy.
Global stocks were mostly lower Tuesday as oil extended losses following a 6-percent plunge that was sparked by data showing a manufacturing slowdown in the world's two largest economies.
Friday, January 29, 2016
The U.S. economy likely slowed significantly in the final three months of 2015 -- and the picture seems to have grown gloomier in the first few weeks of 2016.
The U.N. secretary-general on Wednesday challenged investors around the world to at least double their investments in clean energy by 2020, saying that "we must begin the shift away from fossil fuels immediately."
A U.N. panel recommended Wednesday that cargo shipments of rechargeable lithium batteries be banned from passenger airliners because the batteries can create fires capable of destroying planes, according to aviation officials familiar with the decision.
World stock markets wavered Thursday after the U.S. Federal Reserve sounded a note of caution on the world economy and its effect on U.S. growth but left the door open for rate hikes.