Wednesday, January 20, 2016
The top U.S. and European trade groups have warned their leaders of enormous fallout for businesses and customers if the two sides fail to reach a new deal on data transfers by end January.
News that mainland China's economy grew last year in line with expectations lifted Asian and European stocks Tuesday, providing some rare support at the start of a turbulent year that has seen global markets hammered.
Oil prices recovered from 12-year lows in Asia Tuesday but remained below US$30 a barrel, as Iran ordered a boost to crude production after the West lifted sanctions, exacerbating an already oversupplied global market.
The U.S. dollar booked broad declines against emerging currencies in Asia on Tuesday after mainland China released data showing the world's No. 2 economy grew last year in line with expectations.
Tuesday, January 19, 2016
The latest industrial revolution will not only bring us 3D printing and biotechnology advances, but the loss of five million jobs in the next five years, according to a report prepared for the Davos forum of business and political elites.
The richest 1 percent of the world's population now own more than the rest of us combined, aid group Oxfam said Monday, on the eve of the World Economic Forum (WEF) in Davos.
A new wave of oil from Iran will flow into a global market awash in oil where prices are plunging to depths not seen in a dozen years. With a historic nuclear deal between Iran, the U.S.
Last week's harrowing plunge in U.S. stocks -- fueled by economic fears about mainland China and plummeting oil prices -- left investors anxious and alarmed. Some wondered if it signaled an approaching recession in the United States.
European shares got off to a strong start to the week Monday, helped by a rebound in the wobbly Shanghai Composite index, though other markets in Asia were mostly lower.
Brent crude fell below US$28 a barrel in Asia on Monday for the first time in more than 12 years on fears about a worsening supply glut after Western sanctions on Iran were lifted, allowing Tehran to resume oil exports.