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October, 29, 2016

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Contract theory earns pair Nobel prize in economics
Two U.S.-based academics won the Nobel Economics Prize on Monday for groundbreaking research on contract theory that has helped design insurance policies, executive pay and even prison management.
European stock markets held firm Monday as traders digested last week's volatile performance and eyed rising eurozone investor sentiment, dealers said.
US Treasury secretary calls on IMF to speak out about global economy
The United States called Saturday for the International Monetary Fund to speak out on crucial global economic matters, such as exchange rates, even if this made it unpopular.
Gold has gone gangbusters this year, rising with jitters about everything from a weak global economy to the possibility of a President Trump.
Markets track Wall St. rally after positive US data
Asian and European markets rose Thursday, while the U.S. dollar strengthened further on growing expectations the U.S. will hike interest rates by the end of the year.
A record mountain of debt held by governments and companies and widespread weakness in banks, especially in Europe and China, imperil the global economy, the International Monetary Fund said Wednesday.
Markets mostly fall as bank policy fears return
Both Asian and European stock markets mostly dropped Wednesday on speculation that the ECB is mulling plans to taper its vast economic stimulus that aims to prop up the eurozone economy.
Gold sank Tuesday to the lowest level since the shock Brexit referendum result, taking its cue from the strong U.S. dollar -- which climbed on the prospect of rising U.S. interest rates.
Pound pushed to 31-year low against dollar
The pound slumped to a 31-year low against the U.S. dollar Tuesday on concerns over the timing and terms of Britain's planned exit from the European Union, traders said.
Shares in Taiwan closed higher Monday following a rebound in the U.S. stock market, with the weighted index surpassing the 9,200-point mark.
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