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World Economy

World Markets

  • oil fracking North Dakota

    Oil prices dropped as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

  • Gold was steady above a 3-1/2 month low, as sluggish US jobs data tempered expectations for a September rate hike by the Fed and hurt the dollar.

  • The dollar slipped as disappointing US jobs data and caution ahead of Greece's referendum on bailout conditions kept the market subdued.

Europe: Economy

  • Greek Parliament

    Anastasia Kastaniotou, a struggling mother of three, stood near the Greek Parliament building on Wednesday and threw up her hands as she contemplated an €11.5 billion austerity package that her country’s government was trying to tie up this week to keep Greece in the euro, the New York Times reports.

Asia Economy