European stock markets retreated Friday and the dollar rallied on the prospect of higher U.S. interest rates, with dealers betting U.S. President-elect Donald Trump's planned huge spending policies will fire inflation.
Investing in Mexico, China and other emerging markets has never been for the fainthearted. Big swings have been a hallmark, caused by everything from the 1994 "tequila crisis" where Mexico devalued the peso to Russia's default on its debt in 1998.
Saudi Arabia is working to pay billions of dollars owed to private firms after oil revenues collapsed, the kingdom's new finance minister said on Thursday.
A British futures trader pleaded guilty on Wednesday during his first U.S. court appearance since helping to trigger a May 6, 2010, "flash crash" from his parents' suburban London home that wiped tens of billions of dollars off the value of U.S. stocks, rattling investors and leaving many wondering if the market was rigged.
World stock markets rallied further Thursday, with Tokyo surging almost 7 percent, on hopes Donald Trump's plan to kick-start the U.S. economy will succeed following his shock presidential election victory.
Global stock markets sank Wednesday after Republican maverick Donald Trump won the U.S. presidency, fanning fears over the world economy, but London attempted a brief rebound in exceptionally volatile trade.
The chief of the International Monetary Fund on Monday called on governments and businesses to do more to promote the same economic opportunities for men and women and to fight discrimination that interferes with those goals.
The OPEC cartel warned Tuesday that the oil industry needs to step up investments to guarantee sufficient supply as low prices stimulate demand.
Global equities rebounded sharply Monday, the eve of the U.S. presidential election, after the FBI handed market favorite Hillary Clinton a major boost by ruling out criminal charges.
A sharp fall in Tokyo led losses in Asian stock markets Friday as traders fret over next week's U.S. election, with the dollar weakening further and safe-haven gold maintaining its lustre.