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.
Tablet computers have been one of the hottest items in tech in recent years, but sizzling growth is likely to slow in the coming years, a market tracker said Tuesday.
World stock markets put in a patchy performance Wednesday, with Japan suffering a sharp fall, as investors continued to worry the U.S. Federal Reserve will soon start reducing its monetary stimulus.
The dollar turned up in Asia Wednesday after suffering losses in New York, as investors await key U.S. indicators that will give dealers a better idea about the Federal Reserve's plans for its stimulus program.