The White House says the cost of inaction outweighs the cost of implementing more stringent regulations on greenhouse gas emissions.
Archive for the ‘Business News’ Category
By Marc Jones LONDON (Reuters) – World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling. Investors remained cautious, however, given geopolitical jitters and a torrent of U.S. economic news due to come this week, including a Federal Reserve meeting and GDP data on Wednesday and non-farm payrolls figures on Friday. The dollar shuffled higher on bets it will all add up to the Fed hiking U.S. interest rates for the first time since the financial crisis early next year. Russian stocks steadied too after investors dumped them in recent days in anticipation of broader economic sanctions to be imposed by the European Union on Moscow this week.
Oil giant BP reports a rise in second quarter profits to $ 3.2bn, but warns that further economic sanctions against Russia could affect its business.
BBC News – Business
By Wayne Cole SYDNEY (Reuters) – Asian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was widespread given the torrent of U.S. economic news still to come this week. Hong Kong's key stock index inched to its loftiest level in over 3-1/2 years on optimism that the world's second-largest economy has turned a corner and as investors wagered on more growth-friendly policies from Beijing. …
Calling the matter “very serious,” an Obama administration official says Russia violated the pact by testing a ground-launched cruise missile.
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $ 8.5 billion. The transaction, including debt, values Family Dollar at about $ 9.2 billion. Family Dollar's stock shot up 24.9 percent to $ 75.74 and was the S&P 500's biggest percentage gainer.
The Colorado attorney general has asked the state’s Supreme Court to stop same-sex marriages.