Saturday, December 13, 2014
Global appetite for oil will grow at a slower pace in 2015 than earlier thought despite plunging crude prices, the International Energy Agency (IEA) said on Friday, warning that further drops in prices heighten the risk of social instability in some oil producing countries.
Friday, December 12, 2014
The price of oil took another dive Wednesday, plunging to five-year lows amid mounting evidence that global supplies are far outstripping demand.
Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices.
Asian stock markets slid again Thursday as falling oil prices reinforced jitters about a sluggish global economy.
The dollar was mixed in Asia on Thursday, after taking a hit in New York as dealers shifted to safer investments such as U.S. government bonds.
Oil prices rebounded in Asia Thursday after falling sharply to fresh five-year lows in the previous session as OPEC cut its forecast for demand in 2015 and U.S. stockpiles saw a surprise surge, analysts said.
Soaring real estate prices and high consumer debt could threaten Canada's financial stability, the central bank warned Wednesday.
Thursday, December 11, 2014
Campaigners handed the EU a petition signed by more than 1.1 million people against a huge trade deal with the United States on Tuesday, saying it could override local laws and is too secretive.
Shares were higher Wednesday as European and Chinese markets clawed back losses from selloffs the day before. But Japan's benchmark extended its retreat after government surveys showed deteriorating business and consumer confidence in the world's third-largest economy.
The safe-haven yen firmed against the dollar and the euro in Asian trade Wednesday as risk appetite subsided and as eurozone fears returned on news that Greece had brought forward a destabilizing presidential election.