Thursday, November 28, 2013
The euro rose to a four-year high against the yen in Asia Tuesday after a deal to form a coalition government in Germany and as speculation mounts over further easing by the European Central Bank (ECB).
Oil wallowed near US$93 a barrel Wednesday as energy markets waited for a U.S. report on crude supplies.
Wednesday, November 27, 2013
World stock markets were mostly lower Tuesday after a lull in Wall Street's record-breaking run ahead of a U.S. holiday.
Oil rose slightly Tuesday ahead of a U.S. supply report that might show an improvement in demand. Benchmark U.S. crude for January delivery was up 30 cents at US$94.46 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
The dollar's strong rally against the yen ran out of steam in Asia Tuesday after fresh figures showed pending U.S. home sales slowed for the fifth straight month in October.
Tuesday, November 26, 2013
Marathon talks on the World Trade Organization's first-ever worldwide trade reform in Geneva failed early on Monday to agree on a text to put to ministers who meet in Bali next month.
World stocks rose and oil prices fell Monday after world powers and Iran reached a deal on the country's nuclear program and as Wall Street was set to add to its seven weeks of gains.
The yen sank to a six-month low against the dollar in Asia Monday as a generally upbeat outlook led dealers into higher-yielding investments, with the euro hitting a four-year high thanks to upbeat German data.
Oil prices sank Monday as a nuclear deal between Iran and six world powers made it more likely that the sanctions choking Iranian oil exports will eventually be lifted.
Monday, November 25, 2013
Behind the eye-popping aircraft deals — Boeing received over a US$100 billion in orders at last week's Dubai air show — it is in large part the engine makers who are driving the mega sales say experts.