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July, 2, 2016

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Business > Global Markets
New Zealand's currency surged to a year high Thursday after the central bank left rates unchanged, while the U.S. dollar remained under pressure on fading hopes for a summer U.S. rate hike.
 
Oil prices extended their gains to multi-month highs Thursday following another drop in U.S. supplies and the prospect of further disruptions to output from key producers Nigeria and Canada.
 
The U.S. dollar fell Wednesday as hopes for a Federal Reserve interest rate hike this month continued to fade, with U.S. and Japanese central bank meetings next week in focus.
 
The World Bank is reducing its forecast for the global economy this year -- again.
 
Oil prices held above US$50 in Asia on Wednesday thanks to a weak U.S. dollar as traders await the release of U.S. inventory data later in the day.
 
Just 1 percent of the world's population can call themselves millionaires or richer. But together they hold almost half the world's wealth, and their share is growing, according to a new study released Tuesday.
 
World Bank downgrades its forecast for 2016 global economy
WASHINGTON -- The World Bank is reducing its forecast for the global economy this year -- again.
 
Asian stock markets rose for a third straight trading day Tuesday after U.S. Federal Reserve boss Janet Yellen said the U.S. economy was still in good shape and any increase in borrowing costs would be slow and low.
 
The U.S. dollar edged up but still wallowed close to four-week lows against a basket of currencies on Tuesday, after Federal Reserve Chair Janet Yellen's remarks failed to toss a lifebuoy to the recently foundering greenback.
 
Oil prices edged down slightly Tuesday but held around 11-month highs thanks to a weaker U.S. dollar and forecasts for another drop in U.S. inventories.
 
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