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August, 31, 2016

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Business > Global Markets
U.S. Transportation Secretary Anthony Foxx said Tuesday that he wants government regulators and the auto industry to work more closely together to test self-driving technology before people entrust their vehicle's steering and brakes to a robot.
 
Europe's main stock markets rose Wednesday, led higher by eurozone indices on the eve of an interest rate decision from the European Central Bank.
 
The U.S. dollar broadly rose Wednesday as another positive round of U.S. data fanned speculation the Federal Reserve will lift interest rates, while central banks elsewhere consider stimulus measures to kick start growth.
 
Oil prices recovered slightly Wednesday from two-month lows, as traders looked ahead to U.S. energy inventory data for indications of demand in the world's biggest crude consumer.
 
The yen on Tuesday briefly wiped out all of the gains in the wake of Britain's vote to leave the European Union, with central bank stimulus speculation holding back the unit.
 
Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey's coup on shipments also eased.
 
Yahoo reports another big loss, writes down Tumblr value
Yahoo's latest earnings report leaves no doubt the internet company is stuck in a downward spiral.
 
Asian stock markets mostly rose again Monday following another record close on Wall Street, but gains were tempered by profit-taking following last week's global rally.
 
Oil prices extended their rise in Asia Monday as robust economic data from the United States and China fueled hopes of a pick-up in demand from the world's top two economies.
 
The U.S. dollar rallied Monday after forecast-beating U.S. retail sales data bolstered expectations that the Federal Reserve will hike interest rates this year, while the Turkish lira recovered after being hit by the weekend's attempted coup.
 
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