Friday, July 18, 2014
The price of oil rose above US$102 per barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.
Thursday, July 17, 2014
Leaders of the BRICS group of emerging powers hold a summit Wednesday with South American presidents, bringing together nations seeking alternatives to U.S. influence in the region.
The Federal Reserve could raise its key interest rate sooner than expected if the job market continues to make solid improvement, Fed Chair Janet Yellen said Tuesday.
European stocks advanced Wednesday after China's economic growth picked up slightly in the second quarter but Asian markets were lukewarm about the data that largely fitted expectations.
The dollar rose in Asia on Wednesday as the head of the U.S. Federal Reserve indicated that interest rates could rise earlier than expected if the world's biggest economy continues to pick up pace.
Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing.
Wednesday, July 16, 2014
Beijing won a key victory Monday in a trade dispute with Washington, as a World Trade Organization (WTO) panel said the United States was wrong to slap punitive duties on a host of Chinese goods.
European stocks were mostly lower Tuesday, led by a decline in Germany's Software AG, after a strong day in Asia on hopes for stronger Chinese economic growth.
The dollar and euro maintained recent gains against the yen on Tuesday after the Bank of Japan (BOJ) held off expanding its huge stimulus program.
Oil prices fell in Asia Tuesday as investors await congressional testimony by the U.S. central bank chief for fresh clues about the state of the world's biggest economy, analysts said.