Savings account seizure plan draws fury in Cyprus
2013-03-19 06:19:47 UTC
LONDON (AP) — Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation.
Financial stocks bore the brunt of the selling in European stock markets, with France...
Oil falls as Cyprus bailout details rattle markets
2013-03-18 05:24:34 UTC
BANGKOK (AP) — The price of oil slid Monday as investors grew worried about possible fallout from a plan to pay for a bailout for cash-strapped Cyprus by slapping a tax on deposits in the country's banks.
Benchmark oil for April delivery was down 97 cents to $92.48 per barrel at midday B...
Asia stocks, euro lower before Cyprus bailout vote
2013-03-18 05:21:53 UTC
BANGKOK (AP) — Asian stock markets and the euro tumbled Monday as a plan to fund a bailout for Cyprus by taxing its bank deposits raised worries it could spark an exodus of capital from fragile European economies.
The tax is part of a rescue plan for cash-strapped Cyprus that was reached S...
Gas spike drives US consumer prices up 0.7 percent
2013-03-15 19:45:18 UTC
WASHINGTON (AP) — A spike in gas prices drove a measure of U.S. consumer costs up in February by the most in more than three years. But outside the gain in fuel costs, inflation was mostly modest.
The consumer price index increased a seasonally adjusted 0.7 percent last mo...
Dow ekes out eight straight advance
2013-03-12 23:27:28 UTC
NEW YORK (AP) — The Dow Jones industrial average logged its longest winning streak in two years — barely.
A tiny gain gave the Dow its eighth straight increase Tuesday, long enough to match its longest series of gains since February 2011.
The Dow rose 2.77 points, or 0.02 percent, t...
Markets sluggish after Chinese data dump
2013-03-11 13:27:43 UTC
LONDON (AP) — Markets have started the week sluggishly Monday as investors pause for breath following a dash that's seen the Dow Jones index in the U.S. record a series of all-time highs.
Chinese economic figures over the weekend were largely disappointing and prompted many investors t...
German exports start the year strongly
2013-03-11 13:24:28 UTC
BERLIN (AP) — Official figures show that German exports began the year strongly with a 1.4 percent rise in January over the previous month.
Exports rose to €91.9 billion ($120.3 billion) in January from €90.6 billion in December 2012, according to figures Monday from the Federal Statistical ...
US home prices rose by most in nearly 7 years
2013-03-05 19:11:12 UTC
WASHINGTON (AP) — U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season.
Home prices rose 9.7 percent in January from a year ago, according to data released Tuesday by CoreLogic. That's up from an 8.3 percent increase in...
Oil falls as US government cuts spending
2013-03-04 08:24:04 UTC
BANGKOK (AP) — The price of oil fell Monday after political leaders in Washington failed to stave off automatic cuts in government spending that could hurt the U.S. economy.
Benchmark oil for April delivery was down 20 cents to $90.44 per barrel at midday Bangkok time in electronic tradi...
Oil gets small boost from US supply report
2013-02-27 20:09:09 UTC
NEW YORK (AP) — Oil prices found little momentum Wednesday, even amid more signs of an improving U.S. economy.
Benchmark oil for April delivery rose 13 cents to finish at $92.76 a barrel on the New York Mercantile Exchange. That was down from a high of $93.37, reached after another positive re...
Rebel Apple investor tries to rally Street
2013-02-22 08:00:25 UTC
NEW YORK (AP) — A Wall Street maverick who wants Apple Inc. to share more of its wealth with investors took his case to other shareholders Thursday, urging them to send management a message by voting against a company proposal at the upcoming annual meeting.
On a conference call with i...
Google's stock price breaks $800 for 1st time
2013-02-19 21:33:53 UTC
SAN FRANCISCO (AP) — Google's stock price topped $800 for the first time Tuesday amid renewed confidence in the company's ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly important mobile device market.
The milestone comes m...
Oil nearly unchanged as Europe economy slumps
2013-02-15 05:33:45 UTC
BANGKOK (AP) — Oil prices were little changed Friday, a day after data from Europe showed both big and small economies in the region mired in an economic slowdown.
Benchmark oil for March delivery was up 3 cents to $97.34 per barrel at midday Bangkok time in electronic trading on the N...
Oil falls below $96 amid growing stockpiles
2013-01-25 05:31:20 UTC
BANGKOK (AP) — The price of oil fell below $96 per barrel Friday as stockpiles of crude outpaced expectations.
Benchmark oil for March delivery was down 15 cents to $95.80 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 72 ...
Oil falls on US home sales, manufacturing report
2013-01-23 07:02:54 UTC
BANGKOK (AP) — The price of oil fell Wednesday after monthly home sales and manufacturing data raised concerns about the U.S. economy's growth prospects.
Benchmark oil for March delivery was down 13 cents to $96.55 per barrel at midday Bangkok time in electronic trading on the New York M...
Surge in home construction likely to continue
2013-01-18 09:19:58 UTC
WASHINGTON (AP) — The aftermath of the housing bust forced many homebuilders to dramatically scale back construction on new homes to avoid the risk of ending up saddled with a trove of newly built, yet unsold properties.
But an improving housing market has homebuilders feeling more confi...
Falling food, gas costs lower US wholesale prices
2013-01-15 22:32:57 UTC
WASHINGTON (AP) — U.S. wholesale prices fell for the third month in a row last month, pushed down by falling food and gas costs. The drop is the latest evidence inflation is tame.
The producer price index dropped 0.2 percent in December, the Labor Department said Tuesday. That follows ...
Gasoline prices predicted to fall in 2013
2013-01-11 11:33:19 UTC
NEW YORK (AP) — At least gasoline should cost you less in 2013.
Hamburger, health care and taxes are all set to take a bigger bite out of the family budget this year. But drivers' annual gas bills are expected to drop for the first time in four years.
Forecasters say ample oil suppl...
Oil prices fall to near $92 a barrel
2013-01-04 06:53:44 UTC
BANGKOK (AP) — Oil prices fell Friday as euphoria faded over a budget deal reached earlier this week by U.S. lawmakers and traders focused on signs of lackluster demand.
Benchmark crude for February delivery fell 74 cents at midday Bangkok time to $92.18 per barrel in electronic trading on...
Asia stocks jump as US budget deal appears near
2013-01-02 07:12:32 UTC
BANGKOK (AP) — Stock markets in Asia registered relief Wednesday as U.S. lawmakers edged toward a deal to stop hundreds of billions of dollars in automatic tax increases and spending cuts from taking effect that could throw the world's biggest economy off a so-called fiscal cliff.
Oil prices fall as US 'fiscal cliff' approaches
2012-12-24 05:10:10 UTC
BANGKOK (AP) — Oil prices fell Monday, just eight days before the U.S. arrives at the "fiscal cliff" deadline without a budget agreement in place.
If no deal is reached by Jan. 1, steep tax increases and government spending cuts will automatically take effect that will jar the U.S. economy a...
Stocks sink after Republicans cancel budget vote
2012-12-22 08:18:07 UTC
NEW YORK (AP) — Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff."
Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and go...
Oil near $87 amid Japan, China stimulus hopes
2012-12-17 09:12:35 UTC
BANGKOK (AP) — The price of oil rose to near $87 a barrel Monday in Asia as leaders in Japan and China, two of the world's biggest economies, raised the prospect of more economic stimulus that could boost demand for crude.
Benchmark oil for January delivery was up 18 cents to $86.91 a barrel...
Stocks end little changed after Fed rally fizzles
2012-12-12 21:44:05 UTC
NEW YORK (AP) — Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out.
The Dow Jones industrial average closed down 2.99 points at 13,245.45. It had risen as much as 81 points after the Fed said earlier in the...
Oil falls as uncertainty hits energy markets
2013-01-07 16:28:15 UTC
The price of oil fell Monday, hit by uncertainty about what the U.S. Federal Reserve might do with its bond purchase program and data showing the U.S. unemployment rate unchanged.
By early afternoon in Europe, benchmark crude for February delivery was down 44 cents to $92.65 per barrel i...