Gas war: Ukraine refuses to pay increased prices set by Russian firm
2014-04-06 23:23:22 UTC
The prospect of a new gas war between Russia and Ukraine drew closer at the weekend as the government in Kiev said it would refuse to pay for gas at a new, inflated price set by Gazprom last week. The dispute comes as tensions in eastern Ukraine remain high, with pro-Russian protesters in two cit...
EU to impose stricter rules on organic products
2014-03-26 04:02:05 UTC
<h3>How green are organic products really? Consumers are increasingly uncertain. In order to win back their trust, the EU Commission now wants to implement stricter regulations for products with an organic seal.</h3>
Pesticide-ladentomatoes and falsely declared olive oil - scandals in the organi...
Oil slightly lower ahead of US stockpiles report
2014-03-19 06:37:57 UTC
The price of oil was down slightly Wednesday as energy markets waited for the latest figures on U.S. crude and fuel stockpiles.
Benchmark U.S. crude for April delivery was down 20 cents at $99.50 a barrel at 0605 GMT in electronic trading on the New York Mercantile Exchange. The contract gaine...
Oil falls to around $101 after China, Japan data
2014-03-10 16:31:40 UTC
The price of oil sunk to around $101 on Monday after a surprise drop in China's exports and weaker economic growth in Japan suggested demand for crude could weaken.
By early afternoon in Europe, benchmark U.S. crude for April delivery was down $1.64 to $100.94 a barrel in electronic trading on...
Asian stocks mostly down ahead of Fed news
2014-03-19 05:28:47 UTC
SEOUL, South Korea (AP) — Asian stock markets mostly drifted lower Wednesday ahead of the outcome of the Federal Reserve's first policy meeting under its new chief.
The Asian heavyweight index, Tokyo's Nikkei 225, was down 0.5 percent at 14,335.81 and China's Shanghai Composite Index sank 0.9 ...
US job gain despite freeze raises economic hopes
2014-03-08 10:03:56 UTC
WASHINGTON (AP) — Brutal winter weather snarled traffic, canceled flights and cut power to homes and factories in February. Yet it didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months.
Modest but steady job growth has become a hallmark of a nearly 5-year-ol...
Oil prices spike on Russia sanctions fears
2014-03-03 22:05:49 UTC
The price of oil jumped more than $2 a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers.
In New York, benchmark U.S. crude for April delivery gained $2.33, or 2.3 percent, to close at $104.92 a barrel. ...
US home prices dip for second straight month
2014-02-25 21:56:50 UTC
WASHINGTON (AP) — U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.
The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from November to December, matching the previous month's decl...
Oil price above $100 on US heating fuel demand
2014-02-18 06:36:45 UTC
The price of oil extended gains above $100 a barrel Monday as the cold weather in the United States increased demand for heating fuels and solid Chinese credit numbers eased concerns over the world's second-biggest economy.
By midday, benchmark U.S. crude for March delivery was up 62 cents...
Asian shares higher on modest rebound in Japan
2014-02-05 10:07:52 UTC
TOKYO (AP) — Shares held steady Wednesday as wary investors took heart from modest recoveries from sell-offs the day before, but there wasn't much bounce to the rebound.
European shares looked set for a slow start, weighed down by worries over corporate earnings. Britain's FTSE 100 edged up 0....
Oil price falls to near $97 a barrel
2014-02-03 07:58:32 UTC
The price of oil dropped Monday after a survey released on the weekend showed a slight deterioration in China's manufacturing.
Benchmark U.S. crude for March delivery was down 17 cents to $97.32 a barrel at 0600 GMT on the New York Mercantile Exchange. The contract fell 74 cents Friday to clos...
lobal markets rise, buoyed by Turkey's rate hike
2014-01-29 10:20:09 UTC
MANILA, Philippines (AP) — Global stock markets rose Wednesday as jitters about emerging economies were soothed by the Turkish central bank's aggressive interest rate hike to stabilize its currency and China's infusion of funds into its banking system.
In early European trading, major benchmar...
Oil above $97 after rising for 5th straight day
2014-01-24 06:40:27 UTC
The price of oil edged up Friday for a fifth day in a row on expectations for increased demand.
Benchmark U.S. crude for March delivery was up 22 cents to $97.54 a barrel at 0620 GMT in electronic trading on the U.S. Mercantile Exchange. Oil rose 59 cents to $97.32 on Thursday.
Oil price falls to near $92
2014-01-13 10:33:44 UTC
Oil prices fell Monday after a big jump in the previous trading session that was sparked by expectations the Fed might delay stimulus reduction.
Benchmark U.S. oil for February delivery was down 36 cents to $92.36 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. ...
Markets recover after lackluster start to year
2014-01-07 12:48:56 UTC
LONDON (AP) — Markets recovered some ground Tuesday despite some concerns over the Chinese and U.S. economies.
Stocks around the world have started the new year in lackluster fashion — especially compared with how they closed out 2013 — after surveys indicated a slowdown in Chinese manufacturi...
Oil prices jump on bargain hunting
2014-01-06 09:11:59 UTC
KUALA LUMPUR, Malaysia (AP) — Oil prices recovered Monday on bargain hunting after a week-long plunge.
Benchmark U.S. oil for February delivery rose 11 cents to $94.07 in electronic trading at mid-afternoon Kuala Lumpur time on the New York Mercantile Exchange. The contract fell $1.48 to settl...
Asian stocks fall further on Wall Street decline
2014-01-03 06:22:11 UTC
BEIJING (AP) — Asian markets fell further Friday after overnight declines on Wall Street, weaker Chinese manufacturing data and gloomy sales forecasts by South Korean automakers.
Oil edged up to stay above $95 a barrel after suffering its biggest one-day drop in 14 months.
Major indexes clo...
Oil prices start year with rise on demand hopes
2014-01-02 07:14:20 UTC
TOKYO (AP) — Oil prices started the new year Thursday with a gain amid hopes for stronger demand following a 7 percent surge in 2013.
Benchmark oil added 28 cents to $98.70 on the New York Mercantile Exchange.
Hopes for the solid demand in coming months are pegged to the signs of a recovery...
Shares mixed in thin New Year's Eve trading
2013-12-31 11:49:29 UTC
TOKYO (AP) — Shares were mixed Tuesday in thin pre-holiday trading, with early gains in some markets succumbing to selling pressure as roller-coaster 2013 wound to a close.
The French and British markets, which will trade for a half day on Tuesday, started on a positive note. The CAC-40 rose 0...
Oil dips on China data, caution on US Fed meeting
2013-12-16 07:18:11 UTC
The price of oil dipped slightly on Monday as a report on manufacturing in China signaled that a recovery in the world's No. 2 economy would continue to be uneven.
Benchmark U.S. crude for January delivery edged 23 cents lower, or 0.2 percent, to $96.37 a barrel at midday in Asia in electronic...
Oil prices down as Libya plans to resume output
2013-12-13 10:04:21 UTC
KUALA LUMPUR, Malaysia (AP) — Oil prices were subdued Friday amid the possibility of new supplies from the Middle East after a Libyan militia said oil terminals could reopen.
Benchmark U.S. crude for January delivery was down 9 cents to $97.41 a barrel at mid-afternoon Kuala Lumpur time in ele...
Consistent hiring points to stronger economy ahead
2013-12-06 22:45:14 UTC
WASHINGTON (AP) — The job market is showing signs of the consistent gains the nation has awaited in the 4½ years since the Great Recession.
Employers added 203,000 jobs in November, and the unemployment rate fell to 7 percent, a five-year low, the Labor Department reported Friday. Four straigh...
Solid US job growth cuts unemployment to 7 pct.
2013-12-06 22:02:38 UTC
WASHINGTON (AP) — The U.S. job market has been recovering fitfully for three years. Now, it's starting to show consistency.
Employers added 203,000 jobs in November, and the unemployment rate fell to 7 percent, a five-year low. Stock investors were heartened by the news. The Dow Jones industri...
Average US rate on 30-year loan rises to 4.46 pct
2013-12-05 17:02:08 UTC
WASHINGTON (AP) — Average U.S. rates for fixed mortgages rose sharply this week, making home-buying slightly less affordable.
Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year loan jumped to 4.46 percent from 4.29 percent last week. The average on the 15-year fixed loan ...
Iran readies for big oil production hike
2013-12-04 12:17:10 UTC
VIENNA (AP) — Iran says it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if the extra output causes prices to slide.
The comments by Iranian oil minister Bijan Namdar Zanganeh reflect Tehran's determination to regain its role as a global oil power. Sa...