Asian stocks mostly down as funds shift to US
2013-07-19 05:46:00 UTC
MANILA, Philippines (AP) — Asian stock markets were mostly down Friday after disappointing earnings from two U.S. technology giants and as fund managers shift money from Asia to the U.S. amid concerns that growth is slowing in China while Japan's economic reforms may be losing steam.
US gas prices down a penny over past 3 weeks
2013-07-14 18:05:44 UTC
CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of gasoline has dropped a penny over the past three weeks.
The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.59. Midgrade costs an average of $3.77 a gallon, and premium is $3.91.
World stocks build on Fed gains, await China GDP
2013-07-12 09:24:00 UTC
BANGKOK (AP) — World stock markets eked out moderate gains Friday, building on a rally sparked by the Fed's vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China.
Surprisingly weak trade figures this week raised the prospect that China's slowdow...
Oil retreats to below $105 after recent spike
2013-07-11 16:43:33 UTC
The price of oil fell back to below $105 a barrel Thursday, ending a surge that had pushed the price to a 16-month high, after a report from the International Energy Agency said oil supplies would exceed the expected rise in demand next year.
U.S. benchmark crude fell $1.85 to $104.67 in midda...
Asia stocks gain as earnings, China trade weighed
2013-07-10 05:41:44 UTC
BANGKOK (AP) — Asian stock markets made small gains Wednesday as investors weighed expectations of robust U.S. corporate earnings against weak trade figures from China.
Tokyo's Nikkei 225 index was up just 0.1 percent to 14,489.90 and Hong Kong' Hang Seng gained 0.4 percent to 20,766.41.
Stocks head higher for fourth day
2013-07-10 05:40:50 UTC
NEW YORK (AP) — The stock market is getting its momentum back.
All major stocks indexes rose Tuesday, and the biggest gains were in riskier small-company stocks and sectors that do best when the economy is growing.
Major indexes rose for a fourth straight day. The Standard & Poor's 500 inde...
Oil near $105 ahead of US supplies report
2013-07-10 11:17:35 UTC
BANGKOK (AP) — Oil rose to near $105 a barrel Wednesday, driven by speculation that U.S. crude stockpiles fell last week in a sign of higher demand.
Benchmark crude for August delivery was up $1.12 to $104.65 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercan...
Stocks gain ahead of corporate earnings kickoff
2013-07-08 21:22:21 UTC
NEW YORK (AP) — Cautious optimism over corporate earnings sent the stock market higher Monday.
U.S. companies start reporting their second-quarter results this week, led by aluminum producer Alcoa, the first company in the Dow Jones industrial average to announce results. Other major companies...
US sales of previously occupied homes dipped in June but remain near 3½-year high
2013-07-22 14:09:54 UTC
WASHINGTON (AP) — US sales of previously occupied homes dipped in June but remain near 3½-year high.
World stock markets rise ahead of US jobs report
2013-07-05 09:42:01 UTC
BANGKOK (AP) — Optimism that easy European and U.S. monetary policy will continue boosted global stock markets Friday as investors awaited a key American jobs report later in the day.
The prospect of continued monetary stimulus helped offset worries earlier in the week of a Chinese slowdown, E...
Stocks rally on European central banks' comments
2013-07-04 15:40:25 UTC
AMSTERDAM (AP) — World stocks shrugged off worries over political turmoil in Egypt and extended early gains Thursday on optimism that easy monetary policy from central banks in Europe is set to continue for some time to come. U.S. markets were closed for Independence Day.
The biggest gains wer...
Stocks drift higher after encouraging hiring news
2013-07-03 16:32:31 UTC
NEW YORK (AP) — Stocks edged higher on Wall Street Wednesday as encouraging news about the U.S. job market offset a mix of worrying developments across the globe.
The threat of a re-emerging European debt crisis and rising oil prices weighed on stocks in early trading. That news was offset tho...
Asia stocks slide as oil jumps on Egypt crisis
2013-07-03 06:53:00 UTC
BANGKOK (AP) — Asian stocks slid on Wednesday as Egypt's unfolding political crisis pushed the price of oil to its highest level in more than a year, adding to an uncertain global economic outlook.
Benchmark crude for August delivery was up $2.22 to $101.82 a barrel in electronic trading on th...
US stock market rises on good economic reports
2013-07-02 17:36:47 UTC
NEW YORK (AP) — Good news about car sales, home prices and manufacturing led the stock market higher in light trading Tuesday.
The market was quiet ahead of the July 4th holiday. But traders weighed a number of positive reports, including Ford's best June sales since 2006. Home prices climbed ...
Asia stocks gain as Fed, China slowdown weighed
2013-07-02 08:57:30 UTC
BANGKOK (AP) — Asian stock markets were mostly higher Tuesday as speculation that lukewarm U.S. economic indicators would keep the Federal Reserve from ending its stimulus program early offset pessimism about China's economy.
Tokyo's Nikkei 225, the region's heavyweight index, jumped 1 percent...
Home price gains bring sellers off the sidelines
2013-06-30 21:06:26 UTC
SAN DIEGO (AP) — Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured the most they could get was $180,000.
When they put their San Diego home up for sale a few mo...
Asia stocks boosted by Japan, US indicators
2013-06-28 06:14:40 UTC
BANGKOK (AP) — Asian stock markets were boosted Friday by encouraging indicators from Japan and further proof that the U.S. economy is on the upswing.
Reports showing better-than-expected consumer spending, a jump in pending home sales and a drop in jobless claims emboldened investors to dive ...
Stock indexes little changed after a 3-day rally
2013-06-28 16:08:43 UTC
NEW YORK (AP) — U.S. stock indexes are little changed in midday trading as a three-day rally peters out.
The Dow Jones industrial average was down 13 points, or 0.1 percent, at 15,010 shortly before noon Eastern Daylight Time Friday.
The Standard & Poor's 500 was down less than a point at...
Oil price stays above $97 on improving US data
2013-06-28 05:43:12 UTC
BANGKOK (AP) — The price of oil rose Friday as the U.S. economic outlook brightened and concerns eased about a credit crunch in China.
Benchmark oil for August delivery was up 20 cents to $97.23 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The co...
Asia stocks gain on hopes Fed stimulus to stay
2013-06-27 05:42:07 UTC
HONG KONG (AP) — Stock markets from Sydney to Shanghai extended gains for a second day Thursday after the U.S. said quarterly growth may be weaker than expected, raising investors' hopes that the Federal Reserve would delay plans to wind down its stimulus program.
Further signs of easing in Ch...
World stocks up as data shows US economic upswing
2013-06-26 10:20:25 UTC
BANGKOK (AP) — Global stock markets staged a modest recovery Wednesday, boosted by strong data releases that portray a U.S. economy on the upswing.
New home sales, bigger factory orders and rising consumer confidence helped allay fears about state of the U.S. economy, the world's biggest. The ...
Futures slammed by bond spikes, doubts about China
2013-06-24 13:17:19 UTC
NEW YORK (AP) — The Federal Reserve's hazy timetable for winding down its stimulus programs and new signs of a cash strain in China are hammering global markets and U.S. stock futures.
Dow Jones industrial futures are down 110 points to 14,601. S&P futures have given up 13.3 points to 1,570.80...
Oil falls toward $93 as China tightens lending
2013-06-24 13:08:45 UTC
The price of oil fell slightly Monday amid growing worries that China's decision to clamp down on informal lending could hamper growth in a major energy-consuming country.
By early afternoon in Europe, benchmark oil for August delivery was down 13 cents to $93.56 a barrel in electronic...
Telefonica sells Irish unit 02
2013-06-24 13:07:05 UTC
MADRID (AP) — Spanish telecommunications company Telefonica says it has sold its Irish division, 02, to Hutchison Whampoa in a bid to reduce debt.
In a statement Monday, Telefonica SA says it sold the 100 percent stake to Hutchison Whampoa's Irish subsidiary, Three Ireland, for 850 million eur...
Oil rebounds, remains above $95 a barrel
2013-06-21 06:39:19 UTC
BANGKOK (AP) — Oil prices recovered slightly Friday from its sharpest drop in more than seven months.
Benchmark oil for August delivery rose 22 cents to $95.36 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
The contract for July settlement sank ...