Wednesday, January 13, 2016
The U.S. dollar advanced against emerging market currencies Tuesday as declining risk sentiment engulfed Asia, amid fears about the weak outlook for the Chinese economy.
U.S. crude tumbled below US$31 a barrel Tuesday, extending a sell-off that has pushed it to more than 12-year lows amid a global supply glut, a strong U.S. dollar and tepid demand.
Tuesday, January 12, 2016
BEIJING -- Wanda Group announced Tuesday it is buying Hollywood's Legendary Entertainment, the maker of films such as "Batman," for $3.5 billion in the first Chinese acquisition of a major U.S. film company.
Asian shares tumbled again Monday, with Shanghai plunging over 5 percent, after more weak data reignited concerns about mainland China's economy following a global stocks rout at the start of the year.
The U.S. dollar rose against the yen in volatile Asian trade Monday but all eyes were on the yuan as mainland China moves to calm a stock market turmoil.
Oil prices fell further Monday on persistent worries about China's growth slowdown and a supply glut, but analysts said tensions between producer giants Iran and Saudi Arabia could provide some support.
The idea of growing fruit trees on the top of buildings, or producing fruit and vegetables inside multistory buildings using artificial light, might have been viewed as a fanciful idea once -- but not anymore.
Saturday, January 9, 2016
Oil prices rebounded from 12-year lows in Asia Friday but China-triggered global stock market turmoil and crude oversupply kept investors on edge.
Saudi Arabia is considering issuing shares in state-owned oil giant Saudi Aramco, the kingdom's powerful deputy crown prince told The Economist in a rare interview published Thursday.
A recent rally in the yen fizzled on Friday after Chinese authorities moved to stop wild market volatility stoked by concerns about the world's number two economy, a major driver of global growth.