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June, 25, 2016

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Business > Global Markets
Crude prices approached US$50 Wednesday as escalating wildfires in Canada's oil sands region helped to reduce a global supply glut, while traders awaited key U.S. energy inventory data.
 
Most Asian markets climbed Tuesday, as tech firms were boosted by news of Warren Buffett's billion-U.S.-dollar stake in Apple and energy stocks tracked further gains in oil prices.
 
Brent crude pushed towards US$50 a barrel in Asia Tuesday, boosted by supply disruptions from the escalating Canadian wildfires and armed attacks against oil facilities in Nigeria.
 
The yen edged up Tuesday ahead of a G-7 meeting where currencies will be high on the agenda following Japan's threat to intervene in forex markets to tame the surging unit.
 
Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much.
 
Oil prices rose to fresh 2016 highs in Asia Monday as a slowdown in U.S. drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than expected.
 
The United Nations lowered its forecast for the world economy on Thursday, painting a bleak picture of stagnating growth with little prospect for a turnaround this year.
 
World stock markets sank Friday as investors evaluated the latest set of corporate earnings and awaited a slew of U.S. and Chinese economic data.
 
Oil fell in Asia Friday as investors took a breather from a recent price rally spurred by the International Energy Agency's forecast that the crude oversupply would shrink dramatically later this year.
 
International money transfer supervisor Swift has warned that a new cyberattack has been made against a bank, which it did not name, and has urged its clients to urgently review their security systems.
 
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