Saturday, August 1, 2015
Most Asian markets advanced Friday on a healthy batch of economic growth data out of the United States but Shanghai sank again, extending the previous day's sell-off.
Oil prices extended their decline in Asia on Friday after the Organization of the Petroleum Exporting Countries (OPEC) cartel indicated that current lofty output levels will remain, while a stronger U.S. dollar is also causing downward pressure.
The American dollar eased against the yen Friday after a three-day rally driven by upbeat U.S. economic growth and expectations of a Federal Reserve interest rate hike as early as September. In Tokyo, the greenback bought 123.97 yen against 124.15 yen in New York, where it briefly jumped to 124.50 yen.
Controversial app-based taxi-hailing firm Uber plans to invest US$1 billion in India over the next nine months, the company's local head said in a statement emailed to AFP on Friday.
Friday, July 31, 2015
Chinese stocks fell again Thursday while other major global markets rose after the U.S. Federal Reserve left interest rates unchanged at a record low.
The American dollar picked up Thursday after the Federal Reserve boosted its view of the U.S. economy, with analysts saying it has left the door open for a possible interest rate hike as early as September.
Oil prices turned mixed in Asia Thursday with a strong American dollar limiting gains fueled by a decline in U.S. crude inventories, analysts said.
Thursday, July 30, 2015
Shanghai stocks recovered Wednesday after plunging more than 11 percent in the past three sessions but there were mixed results for other Asian markets, with some unable to sustain a morning rally.
The U.S. dollar edged higher Wednesday as traders remained on edge after a China stock market plunge this week and as the Federal Reserve winds up a two-day meeting, with hopes of some guidance on its plans for raising interest rates.
Oil prices were down in Asia Wednesday as investors awaited the result of a U.S. central bank meeting and a closely watched report on crude inventories in the world's biggest economy.