Wednesday, January 21, 2015
The International Monetary Fund (IMF) on Tuesday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.
Unemployment will rise by 11 million in the next five years due to slower growth and turbulence, the U.N. warned on Tuesday.
Europe's leading stock markets rose Tuesday, winning a boost from German data and expectations of ECB stimulus, as investors await also key elections in Greece.
The yen slipped in Asia on Tuesday as confidence was boosted by better-than-expected Chinese growth data, while the euro struggled against the dollar on expectations for more European Central Bank (ECB) stimulus.
Oil prices tumbled further in Asia Tuesday, with weak global demand and an oversupply dictating the trend for the commodity, analysts said.
Tuesday, January 20, 2015
Wealth accumulated by the richest one percent will exceed that of the other 99 percent in 2016, the Oxfam charity said Monday, ahead of the annual meeting of the world's most powerful at Davos, Switzerland.
Europe's main stock markets rose at the start of trading on Monday, a pivotal week for the region with the ECB forecast to announce fresh stimulus measures.
The euro struggled in Asia Monday on growing expectations that the European Central Bank will announce a massive bond-buying scheme to buoy the eurozone's struggling economy.
Oil prices edged lower in Asia on Monday as a rally late last week fizzled out, owing to lingering concerns about weak demand and a global supply glut, analysts said.
Monday, January 19, 2015
That skiing trip to Switzerland you might have been planning has suddenly become a lot more expensive.