The government hopes to clamp down on rampant cross-border smuggling of government-subsidized staples that has caused shortages on the country’s store shelves.
Archive for the ‘Business News’ Category
The Pentagon didn’t give enough notice to Congress and misused nearly $ 1 million when it swapped Army Sgt. Bowe Bergdahl for five Taliban leaders, the Government Accountability Office says.
The troubled Co-operative Bank cuts its pre-tax losses in the first half of the year, and cuts staff numbers by 13%.
BBC News – Business
Even just the word Ebola is kind of terrifying. Why? Hollywood has a lot to do with it. But Ebola outbreaks also have all the ingredients for what one psychologist calls the “dread factor.”
Argentina’s plan to ask investors holding defaulted bonds to swap them for new locally issued debt is ruled “illegal” by a US court.
BBC News – Business
By Lisa Twaronite TOKYO (Reuters) – Asian shares rose in early trading on Friday, after upbeat U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trading, on track for a weekly gain of 0.4 percent. Japan's Nikkei stock average added 0.2 percent, poised for a robust 1.9 percent weekly rise. Investors awaited a speech by Federal Reserve Chair Janet Yellen later in the session at the annual gathering of central bankers in Jackson Hole, Wyoming, which will be studied for any fresh signals about the timing of U.S.
The S&P 500 broke two records during Thursday's session, climbing past its previous intraday all-time high of 1,991.39 and ending above its previous record close of 1,987.98. Market participants refrained from making big bets before Federal Reserve Chair Janet Yellen's speech on Friday at a policymakers' meeting in Jackson Hole, Wyoming, which could provide clues on the timing of an interest-rate hike. Some investors also remained skeptical of whether the stock market's recent gains are sustainable, pointing to light trading volume. The S&P 500 gained 5.86 points, or 0.29 percent, to end at 1,992.37.