Archive for the ‘Business News’ Category

Asian shares take cue from Wall Street’s rally

Posted on the December 22nd, 2014 under Business News by

Passersby are silhouetted in front of an electronic board displaying Japan's Nikkei average and various countries' stock price index outside a brokerage in TokyoBy Lisa Twaronite TOKYO (Reuters) – Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday, while the euro touched a fresh two-year low against the greenback on divergent monetary policy expectations. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1 percent. Japan's Nikkei stock average erased early gains and was flat ahead of a Japanese public holiday on Tuesday, though Australian shares surged 1.6 percent. …



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Asian shares, dollar stand tall in thin trade

Posted on the December 22nd, 2014 under Business News by

Passersby are silhouetted in front of an electronic board displaying Japan's Nikkei average and various countries' stock price index outside a brokerage in TokyoBy Lisa Twaronite TOKYO (Reuters) – Asian shares and the dollar began a holiday-shortened week on a strong footing on Monday, with the euro testing two-year lows against the greenback on divergent monetary policy expectations. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent in early trade, while Japan's Nikkei stock average was up 0.4 percent ahead of a Japanese holiday on Tuesday. …



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U.S. gas prices fall to lowest since May 2009: Lundberg survey

Posted on the December 21st, 2014 under Business News by

A woman pumps gas at a station in Falls ChurchBy Ryan Vlastelica NEW YORK (Reuters) – The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday. Prices for regular-grade gasoline fell to $ 2.47 a gallon in the survey dated Dec. 19, down 25 cents since the previous survey on Dec. 5. The recent drop has taken prices down more than $ 1.25 a gallon since a recent peak in May of this year. …



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Kurdish Forces Push Offensive To Retake Sinjar From ISIS

Posted on the December 21st, 2014 under Business News by

Days after breaking the siege of Mount Sinjar and freeing trapped Yazidis there, peshmerga forces were pressing an offensive to retake the town itself from the Islamist militia.

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North Sea oil summit announced

Posted on the December 21st, 2014 under Business News by

Aberdeen City Council announces it is to hold a summit to look at the challenges facing the North Sea oil industry.
BBC News – Business

Obama says Sony hack not an act of war

Posted on the December 21st, 2014 under Business News by

File photo of a security guard standing at the entrance of United Artists theater during the premiere of the film "The Interview" in Los AngelesBy Steve Holland WASHINGTON (Reuters) – U.S. President Barack Obama moved to prevent U.S. anger at North Korea from spiraling out of control on Sunday by saying the massive hacking of Sony Pictures was not an act of war but instead was cyber-vandalism. Washington's long-standing dispute with North Korea, which for years has centered on its nuclear weapons program, has entered new territory with the accusation that Pyongyang carried out an assault on a major Hollywood entertainment company. …



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Muhammad Ali Hospitalized With Mild Pneumonia

Posted on the December 21st, 2014 under Business News by

A spokesman said Saturday that the 72-year-old boxing great is in stable condition, and that his prognosis is good because the pneumonia was caught early.

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