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Thursday, August 13, 2015
Another drop in China's currency sent global stocks lower on Wednesday as the move raised worries about weakness in the world's second-largest economy.
Asian shares tumbled on Wednesday as investors fretted over the impact which a second cut in China's currency in as many days will have on economies closely tied to the Asian giant.
The U.S. dollar rose against a range of Asia-Pacific currencies on Wednesday after China cut the value of the yuan against the greenback for a second consecutive day.
Oil prices extended losses in Asia on Wednesday as dealers worried about mainland China's economy following its surprise currency devaluation, while oversupply concerns also added to downward pressure, analysts said.
Wednesday, August 12, 2015
Asia-Pacific currencies came under pressure on Tuesday after mainland China unexpectedly devalued its yuan currency in the face of weakening growth, driving the dollar higher.
Tuesday, August 11, 2015
The U.S. dollar rose against the yen in Asia on Monday after a solid U.S. jobs report boosted expectations the Federal Reserve will soon lift interest rates.
Saturday, August 8, 2015
Oil prices fell again Thursday in a glum market as the global oversupply of crude oil looked entrenched and demand prospects weak.
Friday, August 7, 2015
Russia starts destroying smuggled Western foods
MOSCOW - Russian officials on Thursday steamrolled tonnes of cheese, fruit and vegetables, defying public outrage to begin a controversial drive to destroy Western food smuggled into the crisis-hit country.
Oil prices fell in Asia Thursday after a mixed U.S. energy report showed a healthy decline in crude stockpiles but a rise in output that could aggravate the global supply glut.
Thursday, August 6, 2015
The International Monetary Fund (IMF) said Tuesday that it needs to do "significant work" in reviewing the inclusion of China's currency in its basket of "special drawing rights" (SDR) reserve currency.
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