Tuesday, December 16, 2014
Oil prices bounced back in Asia Monday on hopes of upbeat global manufacturing data to be released later this week, but remained near five-year lows after plunging more than 50 percent since June.
Nigeria's two main oil workers' unions said they would launch an indefinite strike on Monday, threatening to hurt the output of Africa's largest oil producer.
Monday, December 15, 2014
Worldwide sales of new semiconductor manufacturing equipment will increase 15.2 percent to nearly US$44 billion in 2015, according to trade association Semiconductor Equipment and Materials International's (SEMI) annual forecast.
The transaction value of commercial properties for the first 11 months of this year fell to a nearly three-year low, with Yung Ching Realty Group attributing the decline to a move by many local life insurers to focus on overseas property markets.
The International Monetary Fund's number two said on Saturday he was “impressed” by war-torn Ukraine's plans for economic changes aimed at staving off bankruptcy and a foreign debt default.
Sunday, December 14, 2014
Crashing oil prices dragged U.S. stocks to one of their worst losses of the year Friday, completing a global rout of equity markets after what has been for many a banner year.1 Comment
Saturday, December 13, 2014
Falling gas and food costs pushed down overall U.S. wholesale prices last month, evidence that cheaper oil worldwide is limiting inflation.
Renewed signs of weakness in China's economy and the slide in oil prices sent world stock markets lower Friday despite robust U.S. retail sales.
The dollar rose against other currencies in Asia on Friday as a strong U.S. retail sales report reinforced investor confidence in the world's largest economy.
U.S. oil prices tumbled below US$60 a barrel for the first time since July 2009 on Thursday, taking the shocking loss since June to about 44 percent.