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Friday, November 14, 2014
The yen struggled in Asian trade Thursday amid speculation that Tokyo will delay a sales tax hike planned for next year, while the pound lost more ground after the Bank of England cut its growth and inflation forecasts.
Brent oil slumped Thursday to a new four-year low on expectations that OPEC will be unlikely to cut production levels to counter the global supply glut, traders said.
Gold consumption fell slightly in the third quarter as sliding jewelry demand in China offset strong growth in India, sector data showed on Thursday.
Thursday, November 13, 2014
Global regulators announced Wednesday US$3.2 billion in fines against five major U.S. and European banks for attempting to manipulate foreign exchange markets.
With fossil fuels set to meet most of the increased global demand for energy, the IEA warned Wednesday that climate change targets are at risk and conflicts could still wreak havoc with supplies.
Chinese stocks jumped Wednesday after Hong Kong scrapped a daily limit on how much yuan residents can buy as exchanges in both economies prepare for the start of cross border share trading next week.
The yen struggled in Asian trading Wednesday after tumbling to a seven-year low against the dollar on speculation that Japanese Prime Minister Shinzo Abe will delay a planned sales tax hike.
Oil prices fell in subdued Asian trade Wednesday following sustained speculation about the dim prospects for an Organization of Petroleum Exporting Countries (OPEC) oil production cut in the face of abundant global supplies.
Shares in Saudi Arabia's National Commercial Bank (NCB) surged 10 percent on Wednesday in their first day of trading after the kingdom's largest public offering.
Wednesday, November 12, 2014
Mainland China wins APEC support for free trade 'roadmap'
An Asia-Pacific summit on Tuesday endorsed a Beijing-backed route towards a vast free trade area in the region, host Xi Jinping said, calling it a “historic” step.
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