Tuesday, May 26, 2015
Oil prices were mixed in Asia Monday as dealers awaited fresh U.S. economic data for clues about demand in the world's top crude consumer while gains were a resurgent dollar kept a lid on gains, analysts said.
The dollar held on to gains against other major currencies in Asian trade Monday after surging last week on a jump in U.S. core inflation.
Since the Foreign Investment Law was passed in 1987, Vietnam's construction sector has received US$11.5 billion for 1,196 foreign direct investment (FDI) projects. The law was passed a year after the Doi Moi (Renewal) policy was announced in 1986.
Saturday, May 23, 2015
Chinese stocks hit a seven-year high as investors pinned their hopes on further economic stimulus while most other world markets were subdued Friday ahead of a speech by Federal Reserve chair Janet Yellen.
French energy group Total is to hand back one of its two shale gas licences in Denmark after disappointing test drilling results, the Danish Energy Agency said on Friday.
Friday, May 22, 2015
The sharp fall in the euro over the past year appears to be paying dividends by helping the eurozone deal with one of its major economic problems -- unemployment.
World stock markets were lackluster Thursday after mainland China's economy showed new signs of weakness but the Shanghai benchmark surged on hopes for more government stimulus.
Oil prices rose in Asia Thursday after a decline in U.S. petroleum stockpiles and production boosted hopes of an easing in the global supply glut, analysts said.
The U.S. dollar edged down Thursday after minutes from the U.S. Federal Reserve's last policy meeting all but ruled out a June interest rate hike.
Thursday, May 21, 2015
U.S. regulators on Wednesday fined Swiss bank UBS US$342 million for manipulation of foreign exchange markets, as other global lenders prepared for even larger penalties.