Tuesday, May 19, 2015
The ascending oil price has prompted three big banks -- Barclays, Morgan Stanley and Deutsche Bank -- to flag the danger of a financial bubble.
World stock markets were uneven Monday as weak data from the U.S. and China clouded the outlook for the global economy while Greece and its European creditors remained apart on bailout terms.
The U.S. dollar picked up on Monday after taking a hit from weak U.S. data last week that had fueled speculation a Federal Reserve rate hike would be delayed.
Oil prices rose in Asia Monday as fresh tensions in Yemen and Iraq raised concerns about a supply disruption in the crude-rich Middle East, analysts said.
Saturday, May 16, 2015
Shares rose in Europe on Friday after the European Central Bank's governor Mario Draghi said its quantitative easing policy would continue for as long as needed. Markets also got a lift from a rebound on Wall Street, though weak data remained a drag on mainland Chinese shares.
The dollar ticked up against the yen and euro on Friday after days of losses linked to weak U.S. data that have weighed on hopes for an imminent Federal Reserve rate hike.
Oil prices eased in Asia Friday on concerns about unrelenting global production levels and lofty supplies, analysts said.
Etihad Airways said on Friday that the U.S. government has provided America's three biggest airlines with more than US$70 billion in benefits and concessions, citing a report it commissioned.
Friday, May 15, 2015
Global stocks drifted Thursday after weak retail sales figures suggested the U.S. economy is struggling to maintain growth momentum and as bond markets remained volatile.
The euro ticked up Thursday on the back of an improving eurozone economy, while a disappointing U.S. retail sales report put pressure on the dollar.