Markets steady as focus remains on Spain, Greece
2012-09-27 12:32:41 UTC
LONDON (AP) — Financial markets recovered their poise Thursday, a day after investors were spooked by rising levels of discontent in Greece and Spain over upcoming austerity packages.
Though the mood in markets has improved modestly, investors remain concerned about developments in Europe, w...
Stocks mixed after US unemployment rate drops
2012-10-06 10:29:38 UTC
A big drop in the unemployment rate wasn't enough for investors Friday. Stocks posted gains early in the day but faded to a mixed close.
The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The decline from 8.1 percent...
Stocks give up early gains in midday trading
2012-09-25 19:57:05 UTC
NEW YORK (AP) — The stock market drifted lower Tuesday, giving up early gains.
The Dow Jones industrial average lost 16 points to 13,542 as of 1:30 EDT. Caterpillar tugged the Dow down, losing 3 percent. The world's largest maker of bulldozers and other heavy equipment said late Monday that ...
US futures head lower on more gloom from Europe
2012-09-24 13:22:47 UTC
NEW YORK (AP) — Stock futures slid Monday as investors, with few indicators from the U.S., pored over more gloomy economic data out of Europe.
Dow Jones industrial futures fell 48 points to 13,452. The broader S&P futures slipped 5.9 points to 1,446. Nasdaq futures gave up 17.25 points to 2,...
World stocks rise after Bank of Japan eases policy
2012-09-19 09:47:17 UTC
BANGKOK (AP) — World stock markets rose Wednesday after the Bank of Japan became the latest major central bank to announce action to shore up fragile economic growth.
The Japanese central bank said it was extending monetary easing by increasing its asset purchasing fund to 55 trillion yen ($70...
Oil rises above $97 a day after price plunge
2012-09-18 08:47:42 UTC
BANGKOK (AP) — Oil rose above $97 a barrel Tuesday in Asia, clawing back some losses after prices unexpectedly took a plunge the day before.
Benchmark crude for October delivery was up 44 cents at $97.06 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange....
Asia stocks down on slow euro bank union progress
2012-09-18 08:42:17 UTC
BANGKOK (AP) — Asian stock markets mostly fell Tuesday as signs that Europe will take longer than expected to set up a new authority to supervise European banks kept investors on the sidelines.
The creation of a European banking union is important to prevent any bank failures from torpedoing t...
Global markets slip as Fed-driven euphoria fades
2012-09-17 11:37:32 UTC
LONDON (AP) — Global stock markets were muted Monday as the boost faded from the Federal Reserve's announcement last week of new measures to energize the U.S. economy.
Signs that European governments will take longer than expected to agree the details and set up their banking supervisor also...
After calm morning, oil takes sudden plunge
2012-09-17 20:40:29 UTC
NEW YORK (AP) — Oil plunged more than $4 per barrel in a short time Monday afternoon, erasing the gains made last week when the Federal Reserve unveiled new steps to boost the U.S. economy.
Benchmark crude fell $2.38, or 2.4 percent, to finish at $96.62 on the New York Mercantile Exchange. It ...
Egyptian bank shareholders OK deal with QInvest
2012-09-16 13:17:47 UTC
DUBAI, United Arab Emirates (AP) — Egyptian bank EFG Hermes says a majority of shareholders have voted in favor of a deal to merge some of the lender's operations with Qatar's QInvest.
Sunday's vote moves closer to completion a deal that aims to create an investment bank serving the Arab world...
Oil rises to $99, still buoyed by Fed
2012-09-14 20:03:01 UTC
Oil rose for a second day on the back of the Federal Reserve's aggressive plan to boost the U.S. economy. More gains are expected, but that might not translate into a spike in prices at the gas station.
After earlier topping $100 for the first time since May, benchmark oil finished up 69 cents...
Stocks head higher on day after Fed move
2012-09-14 18:14:38 UTC
NEW YORK (AP) — A promise from the Federal Reserve of more help for the economy propelled stocks higher for a second day Friday.
Even as they jumped in, some investors said they weren't sure how long the rally would last, but the Dow Jones industrial average was on track to record its best wee...
US stocks surge after Fed announces more help
2012-09-13 19:07:13 UTC
NEW YORK (AP) — The stock market staged a huge rally Thursday after investors finally got the aggressive economic help they wanted from the Federal Reserve. The Dow Jones industrial average spiked almost 240 points.
The gain pushed the Dow above 13,500 for the first time since December 2007, t...
Oil price up after attack on US consulate in Libya
2012-09-13 06:08:36 UTC
BANGKOK (AP) — Oil traded above $97 a barrel Thursday in Asia after an attack on the U.S. Consulate in Libya and the killing of the U.S. ambassador there sparked new worries about unrest in the Middle East.
Benchmark crude was up 6 cents at $97.07 per barrel at midday Bangkok time in electroni...
New iPhone with taller screen out next week
2012-09-12 19:10:11 UTC
SAN FRANCISCO (AP) — Apple is holding an event in San Francisco during which it announced a new iPhone, capable of faster data speeds and sporting a taller screen. It also unveiled new iTunes software and new iPod devices.
The iPhone 5 will go on sale next week. It will work with fourth-genera...
Asia stocks nearly flat ahead of Fed meeting
2012-09-10 06:42:22 UTC
BANGKOK (AP) — Asian stock markets ran into resistance Monday, ahead of a meeting by Federal Reserve policy makers who are expected to announce new plans to stimulate a sluggish U.S. economy in response to a disappointing jobs report.
The U.S. government reported Friday that 96,000 jobs were c...
Oil prices fell in Asia
2012-09-10 06:37:30 UTC
BANGKOK (AP) — Oil prices fell in Asia after employment data released by the U.S. government suggested stubborn weakness in the world's No. 1 economy.
Benchmark oil for October delivery fell 9 cents to $96.33 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Ex...
Russia seeks to close infrastructure gap with Asia
2012-09-08 12:38:11 UTC
VLADIVOSTOK, Russia (AP) — Russia's failure to keep up with its neighbors in building the roads, railways and other infrastructure needed to support growth is costing it dearly, and hindering the regional economy's full potential, business leaders gathered for an Asia-Pacific summit say.
US stocks rise slightly after weak jobs report
2012-09-07 21:12:49 UTC
NEW YORK (AP) — The stock market followed one of its most exciting days of the year with a rather dull one Friday. Indexes barely rose following a weak jobs report, which increased hopes that the Federal Reserve would act next week to support the economy.
The gains, while meager, kept major ma...
Asia stocks rise ahead of ECB meeting
2012-09-06 05:11:38 UTC
BANGKOK (AP) — Asian stock markets rose Thursday, buoyed by expectations that the European Central Bank will announce a plan to support financially struggling countries in the eurozone.
ECB President Mario Draghi is expected to reveal on Thursday the details of a new bond-buying program intend...
tocks edge up; FedEx sinks after profit warning
2012-09-05 17:48:50 UTC
NEW YORK (AP) — U.S. stock prices moved higher Wednesday, but the gains were checked by a warning from the huge package delivery company FedEx that its profits would be hurt because of a slowdown in the global economy.
FedEx cited weakness in its express package delivery business. That's a sig...
Asia stocks hurt by global economic uncertainty
2012-09-04 08:00:10 UTC
BANGKOK (AP) — Asian stock markets fell Tuesday as uncertainty persisted about what authorities in the U.S., China and Europe might do to deal with a souring global economy.
The previous day's trading was dominated by a survey suggesting that China's manufacturing sector was contracting. Thoug...
Oil price rises as dollar softens
2012-09-04 07:56:27 UTC
BANGKOK (AP) — A weaker dollar boosted oil prices Tuesday even as a resumption of refinery operations in the Gulf of Mexico in the aftermath of Hurricane Isaac eased concerns over supply disruptions.
Benchmark crude for October delivery was up 79 cents to $97.26 per barrel at midday Bangkok ti...
China manufacturing weakens, services grow
2012-09-03 17:14:48 UTC
BEIJING (AP) — China's manufacturing decelerated further in August while construction and services grew at a slow rate, according to two surveys Monday, adding to conflicting signals about whether the country's slowdown is bottoming out.
HSBC Corp. said its purchasing managers' index fell to 4...
Oil falls on weak China manufacturing
2012-09-03 17:09:21 UTC
LONDON (AP) — Oil prices fell Monday after weaker-than-expected manufacturing data from China intensified concerns about the global economy.
Benchmark oil for October delivery was down 12 cents at $96.35 a barrel in early afternoon trading in London in electronic trading on the New York Mercan...