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Saturday, October 18, 2014
Oil prices extended a minor rally on bargain-buying Friday, a day after the U.S. benchmark fell below US$80 for the first time in more than two years.
Friday, October 17, 2014
The turbulence that's roiling financial markets is punishing stock investors, raising worries for major U.S. companies and will likely produce even punier returns for savers.
The global sell-off in stock markets deepened on Thursday, with European indexes in particular suffering heavy losses amid growing concerns about Greece's financial stability.
The dollar struggled against the yen in Asia on Thursday after tumbling in New York trade in response to a weak batch of U.S. data that has sparked fears about the world's number one economy.
Oil prices resumed their downward spiral in Asian trade Thursday following another sell-off in equities as traders grow increasingly concerned about the global economic outlook, analysts said.
Thursday, October 16, 2014
European stocks wallowed Wednesday on dour growth prospects. U.S. stocks came off a three-day sell-down to provide a positive lead thanks to some solid earnings reports, while the euro continued to struggle following another batch of soft German data.
The euro slipped in Asia on Wednesday after more gloomy data out of Germany exacerbated worries about Europe's largest economy and the engine of eurozone growth.
Oil staged a minor rebound on bargain-buying in Asian trade Wednesday following sharp falls that have seen prices hit multi-year lows owing to a supply glut and weak global demand, analysts said.
Wednesday, October 15, 2014
Global wealth skyrocketed 8.3 percent over the past year to a record US$263 trillion, but the distribution of the riches has also become increasingly unequal, a Credit Suisse report said Tuesday.
As emerging countries gear up for global aircraft and engine production, Aerospace Industrial Development Corporation (AIDC) recently advised peers to step up toward Tier 2 and Tier 3 supply chains.
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