Wednesday, September 17, 2014
The Organisation for Economic Cooperation and Development (OECD) on Tuesday put forward new proposals it said would “change the rules of the game” for companies which avoid paying huge amounts of tax by exploiting international loopholes.
Global stock markets were mostly lower Tuesday as jittery investors played it safe ahead of a potentially pivotal U.S. Federal Reserve meeting and the referendum on Scotland's independence on Thursday.
The dollar picked up in Asia on Tuesday ahead of a U.S. central bank policy meeting, with investors looking for signs of an earlier-than-expected interest rate hike.
Oil prices were mixed in Asia Tuesday following weak economic data from top energy consumers the United States and China, and as dealers await a key U.S. Federal Reserve meeting.
Tuesday, September 16, 2014
Loose monetary policies have created an “illusion of permanent liquidity” that is spurring investors to make risky bets and push up asset prices, the Bank for International Settlements said Sunday.
World stock markets sank Monday on weak Chinese economic data as investors looked ahead to a U.S. Federal Reserve meeting and Scotland's independence referendum.
The U.S. dollar was steady in Asia Monday on speculation that the U.S. Federal Reserve will bring forward its timetable to raise interest rates, analysts said, while fears over Scotland's independence vote pressured the pound.
Oil prices fell in Asia Monday after a sharp slowdown in Chinese industrial production raised concerns about slackening demand in the world's top energy consumer, analysts said.
Monday, September 15, 2014
This week's Scottish independence referendum is a lot about the economy, experts say, as voters mull the outlook for their currency, oil revenues, jobs, national debt and EU membership.
Electronic money is being used more and more often since the consumption tax hike in April, as consumers seek to reduce the amount of small coins in their wallets and take advantage of point services.