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May, 27, 2016

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Business > Global Markets
The U.S. dollar soared against emerging market currencies on Thursday as investors sought safety after minutes showed the Federal Reserve was more likely to raise interest rates than previously believed.
 
European stock markets fell Wednesday after losses across Asia and on Wall Street as traders awaited Federal Reserve policy minutes for clues on the outlook for U.S. interest rates.
 
The dollar rallied broadly in Asia on Wednesday as a string of U.S. economic data and bullish commentary from two Federal Reserve policymakers spurred talk of a U.S. interest rate hike.
 
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.
 
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