Browsing Category

Africa/International

Oil to prices to up 5% on US demand

Oil rose 0.6 percent on Friday, heading for its biggest weekly gain since May, after data showed robust U.S. demand growth and falling inventories, while positive economic indicators lifted sentiment across markets. Asian stocks rallied…

Asian stocks rise on US data

Asian stocks rallied for a second day and the euro held near two-month highs on Friday, supported on positive U.S. data and after the European Central Bank's offered upbeat view of the euro zone's recovery. The MSCI index of Asia Pacific…

South Korea raises interest rates

South Korea's central bank Friday unexpectedly raised the key interest rate from a record low in a bid to restrain inflation as Asia's fourth largest economy recovers fast from the global downturn. Contrary to widespread predictions, Bank…