EU diplomat says bloc won't punish Britain

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Oil above $41 as OPEC predicts 'moderate' rebound

SINGAPORE (AFP) - Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April. At around 040...

Updated : 2016.03.22 14:27

Growth-focused China signals it hasn’t forgotten leverage

Chinese policy makers underscored their concern about a surge in leverage in the world’s second-largest economy, days after the conclusion of a gathering of the national legislature that showed their...

Updated : 2016.03.21 13:44

Japan reports biggest trade surplus in over 4 years in Feb.

Japan posted its biggest trade surplus in over four years in February, thanks to a strengthening in the yen and weak oil prices, though both imports and exports fell, suggesting persisting slack dema...

Updated : 2016.03.17 13:41

Asia stocks, oil rally after Fed lowers rate hike forecasts

Stocks, emerging market currencies and oil all rallied in Asia on Thursday after Federal Reserve chief Janet Yellen lowered her expectations for U.S. interest rate hikes this year. In a statement fo...

Updated : 2016.03.17 13:40

ECB surprises with broad stimulus action

FRANKFURT, Germany (AP) -- European Central Bank launched an unexpectedly broad array of stimulus measures Thursday aimed at boosting a modest economic recovery in the 19 countries that use the euro ...

Updated : 2016.03.11 13:31

Asian stocks post first advance this week on stimulus outlook

Asian stocks climbed for the first day this week amid speculation central banks will provide additional stimulus to bolster global economic growth. The MSCI Asia Pacific Index gained 0.5 percent to ...

Updated : 2016.03.10 22:01

ECB cuts main interest rate to zero percent

FRANKFURT, Germany (AP) – The European Central Bank has cut all its main interest rates including a surprise reduction in the main refinancing rate to zero percent from 0.05 percent. It also reduced...

Updated : 2016.03.10 22:01

Asia markets rally as ECB meeting comes into focus

HONG KONG (AFP) -- Asian investors turned positive again Thursday, extending a global advance, as they turn their attention to a European Central Bank policy meeting later in the day that is expected...

Updated : 2016.03.10 14:35

China consumer inflation jumps in February

BEIJING (AFP) -- China's consumer inflation jumped to 2.3 percent in February, its highest in nearly two years, official data showed Thursday, in a positive sign for demand in the world’s second-larg...

Updated : 2016.03.10 14:34

US likely to report another month of solid hiring for Feb.

U.S. workers have been largely insulated from a global slowdown. Job growth remains steady and wages are finally picking up _ trends that will be put to the test in Friday's employment report for Fe...

Updated : 2016.03.04 16:21

Moody's cuts China's rating outlook to 'negative'

Moody's Investors Service on Wednesday downgraded the credit-rating outlook of China to "negative" from "stable," citing rising government debts, declining foreign-currency reserves and uncertainty a...

Updated : 2016.03.02 12:19

London Developers Finding Costliest Apartments Harder to Sell

Derwent London Plc has shelved plans to turn an office building on Savile Row in London’s Mayfair district into 29 luxury apartments after demand was damped when the government raised the sales tax o...

Updated : 2016.02.29 13:12

G20 nations pledge all tools to lift growth

SHANGHAI (AFP) -- The world‘s 20 top economies will use all policy tools available to lift sluggish global growth, they said Saturday, despite German disquiet over fiscal and monetary stimulus. The ...

Updated : 2016.02.28 14:22

Russia, Saudis tentatively offer to freeze oil output levels

DUBAI (AP) -- Oil powerhouses Russia and Saudi Arabia joined Qatar and Venezuela in pledging Tuesday to cap their crude output if other producers do the same, aiming to halt a slide that has pushed o...

Updated : 2016.02.17 14:26

Japan overnight call rate falls to zero as BOJ policy kicks in

As the Bank of Japan began charging interest Tuesday on some deposits it holds, rates in the nation’s overnight interbank market are hovering around zero while banks try to catch up in setting negati...

Updated : 2016.02.16 14:03