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April, 30, 2016

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Business > Global Markets
The International Monetary Fund said Tuesday that the global economy faces wide-ranging threats from weak growth and rising protectionism, warning of possible "severe" damage should the UK quit the European Union.
Worldwide PC shipments totaled 64.8 million units in the first quarter of 2016, a 9.6 percent decline from the first quarter of 2015, according to preliminary results by Gartner, Inc.
Public debate is raging in Germany this week over whether top executives at Volkswagen should be paid generous bonuses as the carmaker struggles to stem further fallout from its massive engine-rigging scandal.
Crude prices dipped in Asia Tuesday but held above US$40 as traders awaited a summit of key oil producers next week to discuss freezing output and easing the supply glut.
Crude prices edged down in Asia Monday following last week's gains that were fueled by data showing a drop in U.S. production, while traders look ahead to an upcoming meeting of oil majors they hope will lead to output limits.
The oil-rich Gulf states are expected to borrow between US$285 billion and US$390 billion through 2020 to finance budget deficits resulting from low oil prices, a report said Sunday.
Stock markets rebounded in Europe on Friday but stumbled in Asia, capping a volatile week as investors grow concerned about the health of the global economy.
Oil prices bounced Friday, with Brent climbing back above US$40, as traders digested falling U.S. output ahead of a producers' meeting this month to discuss a proposed output freeze.
Most Asian stock markets rose Thursday, with energy firms building on the previous day's gains thanks to another surge in oil prices while pharmaceuticals were helped by the collapse of a huge U.S. drugs tie-up.
Crude prices extended gains in Asia Thursday following a sizeable drop in U.S. stockpiles, the first decline in seven weeks, indicating stronger demand in the world's top oil consumer.
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