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Wednesday, April 8, 2015
World Bank welcomes China's new bank in poverty fight
China's new development bank can have an important role in fighting extreme poverty if it establishes high standards for its projects, World Bank President Jim Yong Kim said Tuesday.
Europe's main stock markets rallied Tuesday, while the euro retreated against the dollar, as investors reacted to U.S. economic data and debt moves by Greece in resumed trading after Easter.
The U.S. dollar held up against the yen in Asia on Tuesday after selling on last week's weak U.S. jobs report ran its course.
Oil prices fell Tuesday, with profit-taking in evidence a day after the market rallied on doubts over an agreement with Iran over the crude producer's nuclear program, traders said.
Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China's Finance Ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear program.
Tuesday, April 7, 2015
The U.S. dollar faced selling pressure against major currencies in Asia on Monday after disappointing U.S. jobs data cast a pall over the outlook for higher interest rates.
Oil prices rebounded in Asia Monday on news that a labor strike at a U.S. refinery would end soon, tempering recent losses fueled by an agreement to curb Iran's nuclear program.
Asian stocks drifted Monday, with many markets closed for holidays and Wall Street closed Friday, after a surprisingly weak U.S. employment report.
Saturday, April 4, 2015
The dollar eased against the yen in Asia on Friday as investors turn their attention to the release later in the day of a key U.S. jobs report that could give an idea of the Federal Reserve's plans for raising interest rates.
Friday, April 3, 2015
European equity markets steadied on Thursday ahead of the long Easter holiday weekend and on the eve of critical U.S. economic data, dealers said.
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