The decision taken by the U.S. Federal Reserve not to modify its interest rates will lead to protracted volatility on international financial markets, said the head of the Mexican Stock Exchange on Friday.
To raise or not to raise? That is a question for the U.S. Federal Reserve to ponder, but the uncertainty over a potential increase in interest rates has had negative spillover effects in the market.
World markets experienced a "Black Monday" rout as anxiety over world economic prospects has been accumulated and fermented recently.
Despite the tumbling of stock markets, investors should forgo their unnecessary anxiety over China because the long-term prediction for China's economy still remains rosy and Beijing has the will and means to avert a financial crisis.
The Australian share market opened slightly stronger on Friday after declining 4.7 percent in the four sessions to Thursday.
Australian bank Westapc will offload its banking operations in Samoa, Cook Islands, Solomon Islands, Vanuatu and Tonga as it looks to sharpen its focus on the more lucrative Fiji and Papua New Guinea markets.
Morning and night markets in Urumqi, capital city of far west China's Xinjiang Uygur Autonomous Region, have been shut down because of the threat of terrorism, local authorities announced on Monday.
Greece took a symbolic first step in its return to international capital markets on Wednesday formally announcing its intention to issue a five-year bond "shortly" for first time since the start of the debt crisis which led the country at the brink of default four years ago and into the EU/International Monetary Fund mechanism.
The spillover effects on emerging markets caused by the tapering of U.S. quantitative easing (QE) could be varied from country to country, participants to the World Economic Forum (WEF)'s Davos meeting said Saturday.
Holiday sales were up in both traditional and emerging markets around the world at the end of 2013, according to the Hong Kong Trade Development Council( HKTDC), which released its findings on Dec 31, 2013.
While most global markets rose slightly on Thursday in reaction to the last-minute debt deal in the United States, which prevented the world's biggest economy from default, analysts said emerging markets should not "lay back" amid growing macro-economic challenges and the need for reforms.
Emerging economies have reached a crossroads and need structural reforms to re-engineer growth and prepare for market turbulence as the U.S. Federal Reserve moves closer to winding down its stimulus policy, leading economists say.
Emerging markets in Asia have responded with sinking stocks to the predicted U.S. stimulus cut, but a 1997-like Asian financial crisis is unlikely and China is expected to remain resilient against the impact.
Visitors from China are keeping New Zealand's tourism industry afloat, but the industry's contribution to the country's economy stagnates, according to a University of Canterbury study.
Standard Charter said on Wednesday that it is doubtful over the future growth of emerging markets in the third quarter this year, given the ups and downs in stock market and unfavorable figures in those economies.
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