Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from OPEC and the United States.
Sectors
Australia signals approval of China-based AIIB; Japan divided
Australia said on Friday there was a lot of merit in the China-led Asian Infrastructure Investment Bank (AIIB) while Japan's finance minister signalled cautious approval of the institution that the United States has warned against.
China to curb risks from short-term local debt: vice finance minister
China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday.
Yuan level appropriate, reflects fx supply, demand: China central bank
The current level of China's yuan CNY=CFXS is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected official intervention.
Russia's Putin calls for regional currency union
Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia's main partners in a union of ex-Soviet states facing growing economic challenges.
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Amazon.com Inc has won approval from U.S. federal regulators to test a delivery drone outdoors, as the e-commerce company pursues its goal of sending packages to customers by air, even as it faces public concern about safety and privacy.
Billionaire entrepreneur Richard Branson's Virgin Group may take on Tesla Motors Inc and other companies in developing electric cars, Bloomberg reported on Thursday.
Tag Heuer, French luxury group LVMH's (LVMH.PA) biggest watch maker, said it will launch a smartwatch later this year using Google Inc's (GOOGL.O) Android operating system in a venture with Intel Corp (INTC.O) to compete head-on with the Apple Watch.
Oil prices tumbled on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut the previous day's rally.
Lifting the longstanding ban on U.S. crude oil exports would boost the country's economy and enhance its global leadership, a former senior Obama administration official will tell senators on Thursday, introducing a strategic dimension to the growing debate over selling American oil abroad.
Finance Minister Anton Siluanov said on Thursday the worst was over for Russia's economy, which has been hit by Western economic sanctions over the Ukraine crisis and the fall in global oil prices.
Euro zone leaders will tell Greece on Thursday that time and patience are running out for its leftist-led government to implement agreed reforms to avert a looming cash crunch that could force it out of the single currency.
Sharp Corp is cutting more than 10 percent of its Japanese workforce starting in April, according to a Nikkei report. The embattled electronics manufacturer will slash about 3,000 jobs through voluntary retirements and expects to book about 30 billion yen
T-Mobile US Inc rolled out cellular and data plans for business customers, taking aim at a lucrative market segment long dominated by larger rivals AT&T Inc and Verizon Communications Inc.
