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Saturday, March 22, 2014
The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive.
Friday, March 21, 2014
Global stocks fell Thursday after comments from the new head of the Federal Reserve suggested U.S. interest rates could rise sooner than financial markets were anticipating.
The U.S. dollar held steady in Asia on Thursday, after surging in New York as Federal Reserve chief Janet Yellen hinted that interest rates could rise early next year, sooner than expected.
The price of oil extended gains Thursday, a day after rising for the first time in a week on signs of increased U.S. demand for gasoline and other fuels.
Thursday, March 20, 2014
Yellen's tightrope walk in first Q&A as Fed chair
At her first news conference as Federal Reserve chair, Janet Yellen had a message for the financial world: The U.S. economy may need several more years to fully heal from the Great Recession.
Global stock markets were subdued Wednesday ahead of the outcome of the Federal Reserve's first policy meeting under its new chief.
The dollar edged higher against the yen and euro in Asia on Wednesday as investors focus on the U.S. Federal Reserve's latest policy meeting, the first under new chair Janet Yellen.
The price of oil was down slightly Wednesday as energy markets waited for the latest figures on U.S. crude and fuel stockpiles.
Wednesday, March 19, 2014
Stronger-than-expected recovery in leading industrialized nations has boosted global trade confidence but longer-term growth will depend on the level of Asia's investment in research & development (R&D) to move up the value chain, according to HSBC.
The dollar and euro rose against the yen in Asia Tuesday as investors took in their stride Crimea's vote to leave Ukraine and join Russia as the West announce sanctions against Moscow officials.
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