Stocks drop as economy put brakes on stock rally
2013-01-31 00:36:57 UTC
NEW YORK (AP) — Worries about the economy have slowed a January stock rally.
After a month of impressive gains that brought the Dow within 200 points of a record, the markets have paused this week. Stocks started the day lower Wednesday after a report showed that the U.S. economy unexp...
U.S. politics clash with reality over China currency
2012-04-13 22:39:50 UTC
WASHINGTON (Reuters) - The United States was keeping a wary eye on North Korea after the reclusive state's unsuccessful launch of a long-range rocket, and President Barack Obama said on Friday that Pyongyang faced further isolation if it kept defying the international community.
The White Hous...
GM Uzbekistan 22 per cent decrease in car sales in Russia
2012-04-13 17:18:37 UTC
GM Uzbekistan JV sold 14,092 cars in Russia in January-March 2012, or 22.4 per cent less compared to the same period of 2011, the Automobile Manufacturers Committee of the Association of European Businesses said on Wednesday.
In particular, 8441 Nexia cars (a 21.9 per cent decline compared to ...
Ocampo to withdraw from World Bank race:sources
2012-04-13 16:25:25 UTC
WASHINGTON/BRASILIA (Reuters) - Former Colombian finance minister Jose Antonio Ocampo is set to withdraw his nomination for the World Bank presidency on Friday in an agreement among emerging and developing countries to coalesce around one nominee, three sources said.
Nigerian Finance Minister ...
Wall Street rallies as global fears ebb, Google up late
2012-04-13 01:09:01 UTC
NEW YORK (Reuters) - U.S. stocks scored a second day of solid gains on Thursday, led by materials and energy stocks, as investors set aside weak figures on the domestic labor market.
Rumors about strong growth figures due overnight from China helped wash away some of the worries that hit stock...
U.S. proposes brake override for all passenger autos
2012-04-12 20:13:33 UTC
(Reuters) - U.S. auto safety regulators on Thursday announced a proposal that would require brake override systems on all new passenger cars and trucks, likely by the 2015 model year.
The U.S. Department of Transportation safety regulation arm in a 98-page proposal said costs to auto manufactu...
Jobless claims cast cloud on labor market
2012-04-12 17:28:31 UTC
WASHINGTON (Reuters) - The number of Americans filing for jobless aid hit a two-month high last week and more applications were received in the prior week than initially reported, suggesting a cooling in the labor market recovery.
Initial claims for state unemployment benefits increased 13,000...
Big banks face $638 billion shortfall on new rules
2012-04-12 17:04:33 UTC
LONDON/ZURICH (Reuters) - The world's biggest banks would have needed to find more than $600 billion if tough new capital rules to be phased in from 2013 had been in place last year.
The Basel Committee of global regulators said if the new rules, known as Basel III, had been in force at the mi...
Roche Q1 sales solid as Illumina bid battle rages
2012-04-12 16:19:40 UTC
ZURICH (Reuters) - Swiss drugmaker Roche said it would have to rethink its tactics if shareholders of reluctant U.S. bid target Illumina did not back its approach as it reported strong first-quarter pharmaceutical sales helped by top cancer drugs.
Genetics specialist Illumina has rejected Roch...
Targeting the mobile market
2012-04-11 20:15:45 UTC
NEW YORK (Reuters) - It's not often that a two-year-old start-up becomes a $1 billion company.
Yet Instagram, a popular smartphone application that allows users to tweak photos and share them with their friends, was paid that by Facebook Inc in a deal announced on Monday.
The purchase of th...
Treasury bond prices drop as investors take profits
2012-04-11 16:39:51 UTC
NEW YORK (Reuters) - Treasury debt prices fell on Wednesday as investors took profits on the previous day's gains and worked to cheapen prices ahead of a debt sale later in the afternoon.
Investors were also taking cues from weaker European debt prices, while strength in U.S. stocks undermined...
Troubled euro zone states most at risk from high oil
2012-04-11 07:19:26 UTC
BRUSSELS (Reuters) - Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.
Standard estimates of the impact of oil prices on the euro zone economy are ...
Japan ship insurer sets new rules on Iran oil voyages
2012-04-11 06:32:54 UTC
TOKYO (Reuters) - Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said.
The United States and European Union have tightened measures aimed at reducin...
Wireless carriers to create database to fight phone theft
2012-04-10 05:15:39 UTC
WASHINGTON (Reuters) - Wireless carriers representing 90 percent of subscribers will on Tuesday announce the creation of a database of unique cell phone IDs to help prevent theft and reactivation of stolen or lost devices, which often contain sensitive personal data.
The shared database will b...
Facebook to buy Instagram for $1 billion
2012-04-10 04:56:18 UTC
SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.
The price was stunning for an apps-maker without...
Chevron finds leak in offshore Petrobras oil field
2012-04-10 04:31:40 UTC
RIO DE JANEIRO (Reuters) - U.S. oil company Chevron discovered an oil seep in an offshore Brazilian oil field run by Petrobras near the site of a November leak that led to civil and criminal charges and sparked concerns about some of the world's most promising deep sea reserves.
No traces have...
Monitor begins work overseeing mortgage pact
2012-04-10 04:16:31 UTC
(Reuters) - The man charged with making sure banks comply with a $25 billion mortgage settlement has a website, one employee and subleased space in a Raleigh, North Carolina, office tower.
But after a judge's approval of the pact last week, Joe Smith said on Monday he will move quickly to add ...
Iran confirms oil exports’ drop
2012-04-10 03:21:08 UTC
Iranian oil ministry's official confirmed oil exports' decline because of the West sanctions over Iranian oil purchase and banking system.
Director of international affairs for the National Iranian Oil Company, Mohsen Ghamsari, told Iranian Shargh Daily News that Japan practically decreased Ir...
Skilled-Worker Visas See a Surge in Demand
2012-04-10 03:06:49 UTC
Wall Street Journal- In a sign of the improving economy, the U.S. government saw a sharp rise in petitions for skilled-foreign-worker visas during the first week of this year's application season.
The U.S. Citizenship and Immigration Services has received 25,600 petitions for H-1B visas since Ap...
Brazil complains to Obama about monetary policy
2012-04-10 01:13:33 UTC
WASHINGTON (Reuters) - Brazilian President Dilma Rousseff complained about U.S. monetary policy and expressed concern that sanctions against Iran could backfire in a meeting with President Barack Obama on Monday, highlighting strains between the Western Hemisphere's two biggest democracies.
The "Barbaric" Turkish Strikes Against US-Backed YPG Fighters
2017-04-25 16:00:06 UTC
Syria — The air Turkish strikes in Syria targeted the YPG - a key component of the Syrian Democratic Forces (SDF), which are backed by the United States and have been closing in on ISIS the "Islamic State" bastion of Raqqa.
The Turkish raids showed the challenges facing U.S.-led attempts to de...
French election 2017 LIVE updates:
2017-04-23 06:18:05 UTC
PARIS — France goes to the polls on Sunday for the first round of a bitterly fought presidential election, crucial to the future of Europe and a closely-watched test of voters' anger with the political establishment.
Nearly 47 million voters will decide, under tight security, whether to back a...
Choose The Best Loan For Your Business
2020-12-05 23:49:52 UTC
To help you find the right business loan, we researched and analyzed dozens of options. Here is a roundup of our 2021 best picks, followed by an explanation of how we chose them.
• How to choose the best loan for your business?
• What type of business loan is best for your business?
EU sent inspectors to examine Spain deficit figures
2012-03-13 17:10:08 UTC
Inspectors from the European Commission have been in Spain to evaluate its 2011 budget deficit after the numbers came in much higher than expected, the EU executive said on Friday.
Spain said at the end of February that its budget deficit was 8.5 percent last year, far above the Commission's ex...
How the U.S. is using terrorists' smartphones and laptops to defeat them
2018-02-04 04:58:15 UTC
BETHESDA, Md. – Smartphones helped terror organizations grow and communicate. Now the devices are contributing to their downfall.
In a nondescript, highly secured building in this Washington suburb, a group of U.S. government technicians and linguists are downloading massive amounts of data f...