Thursday, October 15, 2015
Nearly a billion people worldwide still live on less than US$1.25 a day and a smart combination of social assistance and measures to boost farm output is key to reducing that figure, the U.N.'s Food and Agriculture Organization (FAO) said Tuesday.
Investors poured increasing amounts of cash into startups in the third quarter, defying fears of a bubble in the tech sector, a survey showed Wednesday.
Worries about the slowdown in mainland Chinese growth kept the pressure on Asian financial markets Wednesday, with traders following their U.S. and European counterparts to the sidelines.
The U.S. dollar declined against the yen on Wednesday on expectations a U.S. interest rate rise will be delayed while demand for safer assets increased on the back of volatile oil prices and worries about mainland China's economy.
Oil prices were subdued in volatile Asian trade Wednesday as the market digested a report from the International Energy Agency (IEA) showing that global crude oversupply will persist until next year.
Wednesday, October 14, 2015
Global stock markets were lower Tuesday as mainland Chinese trade data showed a larger-than-expected slide in imports, deepening concerns about a slowdown in the world's second-largest economy.
The U.S. dollar rallied against emerging currencies in Asia Tuesday as Chinese trade data showing an import slump fuelled anxiety about slower growth of the region's largest economy.
Oil rebounded in Asia Tuesday on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.
Tuesday, October 13, 2015
A survey of business economists finds that a majority still expect the Federal Reserve to raise interest rates before the end of the year, with the broader economy expected to grow at a slightly faster pace in 2015 than previously forecast.
The risk of a protracted economic slowdown is growing, as local companies buckle under a combination of tepid global growth, mounting costs and a tight labor market, business leaders say.