JANET Yellen sounded a lot like Santa Claus to traders on Wednesday as the Federal Reserve echoed its promise to hold off on rate hikes for a "considerable time", sparking the biggest rally of the year on the US stock market. European stocks...
[NEW YORK] Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.
[BEIJING] China has revised up the estimated size of its economy for 2013 by 3.4 per cent to 58.8 trillion yuan (US$9.5 trillion), the National Bureau of Statistics said on Friday, but said the revision will not affect economic growth this year.
[LONDON] Global defence spending is likely to remain constant for the next two years as tumbling oil prices cut the budgets of Middle East exporters, but swell the coffers of Asia-Pacific importers, defence analysts IHS said Friday.