Saturday, May 23, 2015
The Bank of Japan on Friday held off launching more stimulus as its chief said the world's number-three economy was on the upswing, days after data showed stronger-than-expected growth in the first quarter.
European Central Bank head Mario Draghi says governments that share the euro currency shouldn't wait for better times to push through reforms that would boost sluggish growth.
Business leaders in Africa's leading oil producer Nigeria on Thursday warned that jobs could be at risk, as a weeks-long fuel crisis showed no signs of easing.
India's finance minister acknowledged Friday that the government could miss its deadline to implement a key tax law amid criticism of the pace of economic reforms after a year in office.
The European Union offered more money and the promise of visa-free travel to some post-communist nations Friday in an East-West partnership that has tempered its ambitions after Russia's military intervention in Ukraine.
The German economy, Europe's biggest, appears to have reached cruising altitude as business confidence maintained its current high level in May, the Ifo economic institute said Friday.
Australia must pour more money into transport systems or risk gridlock in its biggest cities costing more than AU$53 billion (US$42 billion) a year, an infrastructure audit published Friday found.
Chinese stocks hit a seven-year high as investors pinned their hopes on further economic stimulus while most other world markets were subdued Friday ahead of a speech by Federal Reserve chair Janet Yellen.
The yen rose against the dollar on Friday as the Bank of Japan (BOJ) held fire on further easing measures, after the economy grew more than expected in the first quarter.
Oil prices fell in Asia Friday, unwinding sharp gains in the previous session that were fueled by hopes that a global supply glut could end soon.