Business Archive
  • »Wall St. recedes from record levels in broad decline

    Tue 30 December / Dec 2014. 08:10 PM
    U.S. stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent trend of modest moves and low volume continued in the next-to-last trading day of the year.
  • »Exclusive - Japan's regional banks face stress test for ultra-low rates

    Mon 29 December / Dec 2014. 07:30 PM
    Japan's financial regulator is running stress tests to see if too much cash in the system is stifling smaller banks' ability to earn, unlike regulatory tests elsewhere that have been designed to see whether lenders had enough capital to cope with financial shocks.
  • »Ontario Teachers raises stake in Birmingham Airport

    Mon 29 December / Dec 2014. 07:30 PM
    Canada's Ontario Teachers' Pension Plan said it had bought a 19.25 percent stake in Birmingham Airport [BIRHLF.UL] from Australia's Victorian Funds Management Corporation, taking its investment in the British airport to 48.25 percent.
  • »Google's Gmail blocked in China

    Mon 29 December / Dec 2014. 07:29 PM
    Google Inc's Gmail was blocked in China after months of disruptions to the world's biggest email service, with an anti-censorship advocate suggesting the Great Firewall was to blame.
  • »Stocks rise despite Greece; oil up on Libya

    Mon 29 December / Dec 2014. 07:29 PM
    European shares and periphery euro zone bonds tumbled on Monday after the Greek parliament rejected the government's presidential candidate, setting the stage for an election that anti-bailout party Syriza could win.
  • »A Historical Chronology of Oil Markets

    Sun 28 December / Dec 2014. 07:47 PM
    The recent plunge in oil prices dipping below the 60 dollar psychological barrier in early December shedding more than 40 percent of prevailing prices in June 2014 came as no surprise due to the culmination of several factors not least weak demand in major consuming countries coupled by a supply glut a result primarily of the so called Shale Energy Revolution in the United States.
  • »Wall St. inches up in short session, indexes at records

    Wed 24 December / Dec 2014. 08:12 PM
    NEW YORK (Reuters) - U.S. stocks edged higher on Wednesday, with the Dow and S&P 500 at records and on track for a sixth straight daily advance as biotech stocks rallied and data pointed to improving economic conditions.
    The day's action was light,...
  • »China offers fresh support for outbound investment

    Wed 24 December / Dec 2014. 08:11 PM
    China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday.
  • »Russia to help large borrowers as S&P mulls junk rating

    Wed 24 December / Dec 2014. 08:11 PM
    MOSCOW (Reuters) - Russia's central bank offered on Wednesday to help leading exporters refinance foreign debts next year, expected to be one of the toughest of President Vladimir Putin's 15-year rule for the economy due to Western sanctions and a...
  • »US economy accelerates sharply in third quarter; consumer spending rises

    Tue 23 December / Dec 2014. 07:19 PM
    The U.S. economy grew at its quickest pace in 11 years in the third quarter, the strongest sign yet that growth has decisively shifted into higher gear.
  • »US airlines confront cheap oil's flip side: costly hedges

    Tue 23 December / Dec 2014. 07:17 PM
    Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes.
  • »Dow breaks through 18,000 after GDP report

    Tue 23 December / Dec 2014. 07:13 PM
    U.S. stocks advanced on Tuesday, with both the Dow and S&P 500 building on a four-day rally to set new intraday records after an unexpectedly strong report on economic growth.
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