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May, 25, 2016

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Business > Global Markets
Energy firms led an Asian stock market rally Wednesday as strong trade data from China and news of a deal between Russia and Saudi Arabia to limit oil output injected much-needed optimism.
 
Shellfish behavior — US lobster industry at odds with Sweden
Exactly how 32 American lobsters wound up in Swedish waters isn't clear. But because some were wearing the rubber bands that are put on lobsters' claws in captivity, many suspect the shellfish had been exported to Europe and then either escaped into the wild or were set free by animal rights activists.
 
The International Monetary Fund said Tuesday that the global economy faces wide-ranging threats from weak growth and rising protectionism, warning of possible "severe" damage should the UK quit the European Union.
 
Worldwide PC shipments totaled 64.8 million units in the first quarter of 2016, a 9.6 percent decline from the first quarter of 2015, according to preliminary results by Gartner, Inc.
 
Public debate is raging in Germany this week over whether top executives at Volkswagen should be paid generous bonuses as the carmaker struggles to stem further fallout from its massive engine-rigging scandal.
 
Crude prices dipped in Asia Tuesday but held above US$40 as traders awaited a summit of key oil producers next week to discuss freezing output and easing the supply glut.
 
Crude prices edged down in Asia Monday following last week's gains that were fueled by data showing a drop in U.S. production, while traders look ahead to an upcoming meeting of oil majors they hope will lead to output limits.
 
The oil-rich Gulf states are expected to borrow between US$285 billion and US$390 billion through 2020 to finance budget deficits resulting from low oil prices, a report said Sunday.
 
Stock markets rebounded in Europe on Friday but stumbled in Asia, capping a volatile week as investors grow concerned about the health of the global economy.
 
Oil prices bounced Friday, with Brent climbing back above US$40, as traders digested falling U.S. output ahead of a producers' meeting this month to discuss a proposed output freeze.
 
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