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Thursday, June 4, 2015
Asian stock markets were mostly lower Wednesday as Greece's bailout woes and a stagnant Wall Street performance dampened investor sentiment.
The U.S. dollar was under pressure on Wednesday after more weak U.S. data clouded the timeline for an interest rate hike, while the euro got a lift from hopes for a long-awaited Greek bailout deal.
The global oil market should be "more balanced" in the second half of the year, Qatar's energy minister said Wednesday before an OPEC meeting widely expected to leave output unchanged.
Wednesday, June 3, 2015
Former Federal Reserve Chairman Ben Bernanke on Tuesday rebuked U.S. lawmakers for allowing China to steal a march with a new Asian bank that threatens to upend Washington's oversight of the world economic order.
Former Federal Reserve Chairman Ben Bernanke on Tuesday rebuked U.S. lawmakers for allowing China to steal a march with a new Asian bank that threatens to upend Washington's oversight of the world economic order.
Asian markets mostly fell Tuesday, with Tokyo declining after a 12-day rally, while in Europe Greece's creditors held impromptu talks aimed at resolving the country's months-long debt crisis.
The U.S. dollar hit a more than 12-year high against the yen on Tuesday as upbeat U.S. data reignited talk of an interest rate hike this year.
Oil prices dipped in Asia Tuesday owing a stronger U.S. dollar while investors expect the OPEC cartel to maintain output levels at a key meeting this week despite a global supply glut, analysts said.
Tuesday, June 2, 2015
China and South Korea on Monday formally signed a free trade agreement (FTA) that would remove most tariffs between Asia's largest and fourth-largest economies, whose trade is already worth more than US$200 billion.
European shares rose Monday, shrugging off unease over the Greek debt situation and renewed signs of weakness in the U.S. economy, after Shanghai's benchmark jumped nearly 5 percent on expectations of new stimulus measures.
  
  
  
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