Stocks slump the most in two months on Wall Street
2014-01-14 08:18:22 UTC
NEW YORK (AP) — The stock market had its worst day of the year so far, extending a January slump.
Stocks dropped Monday as falling oil prices pushed down energy stocks. The prospect of the Federal Reserve further cutting back on its economic stimulus also weighed on the market.
Stocks are f...
World stocks higher as China factories recover
2013-09-23 09:30:07 UTC
BANGKOK (AP) — Global stock markets edged up Monday after a survey showed manufacturing in the world's No.2 economy rose to a six-month high last month.
HSBC said the preliminary version of its monthly purchasing managers' index for China rose to 51.2 from 50.1 in August. Numbers above 50 indi...
Oil steady near $105 a barrel
2013-09-23 09:13:45 UTC
BANGKOK (AP) — The price of oil was nearly unchanged Monday, with traders taking a breather following a volatile week.
Benchmark oil for November delivery was up 3 cents to $104.78 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. It was just a tiny bounce back ...
Oil drops toward $106 as Syria tensions ease
2013-09-20 06:02:08 UTC
BANGKOK (AP) — Progress in reaching a deal to eliminate Syria's chemical weapons helped put downward pressure on oil prices Friday.
Benchmark oil for October delivery was down 31 cents to $106.09 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The c...
Asia stocks quiet in holiday-muted trade
2013-09-20 04:37:51 UTC
BANGKOK (AP) — Japan's benchmark stock index rose modestly but markets elsewhere in Asia were quiet or closed Friday, two days after the Fed announced it would keep its unprecedented stimulus program in place.
The Nikkei 225 index in Tokyo rose 0.1 percent to 14,778.75 in early trading, still ...
US home sales hit 6½-year high but could slow soon
2013-09-19 16:16:33 UTC
WASHINGTON (AP) — U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further.
Yet the gain could represent a temporary peak if higher rates slow sales in coming months.
Sales of previously occupied homes r...
World stocks rise as Fed wraps up 2-day meeting
2013-09-18 09:42:15 UTC
BANGKOK (AP) — World stock markets rose modestly Wednesday as investor tensions eased before the Federal Reserve winds up a crucial policy meeting later in the day.
The Fed is widely expected to announce a reduction in its massive bond-buying program, launched after the 2008 financial crisis t...
European auto sales hit new low
2013-09-17 20:00:35 UTC
FRANKFURT, Germany (AP) — Car sales in Europe are still sagging despite the return of modest economic growth.
For the first eight months of the year, passenger car sales in the European Union were off 5.2 percent to 7.84 million compared with the same period last year, the European Automobile ...
Oil falls below $106 ahead of Fed policy meeting
2013-09-17 07:39:28 UTC
BANGKOK (AP) — The price of oil fell below $106 a barrel Tuesday, anticipating that the U.S. Federal Reserve's two-day policy meeting will end with an announcement to scale back its unprecedented monetary stimulus.
Benchmark oil for October delivery was down 81 cents to $105.78 per barrel at e...
Oil edges down toward $108 as Syria talks continue
2013-09-13 07:25:30 UTC
BANGKOK (AP) — Oil prices fell slightly Friday as the U.S. and Russia held discussions in Geneva aimed at getting Syria to give up its chemical weapons.
Talks between U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov didn't appear to yield an immediate solution Thur...
Oil rises past $106 ahead of Fed policy decision
2013-09-18 09:41:08 UTC
BANGKOK (AP) — The price of oil rose Wednesday, regaining some of the ground lost this week as oil traders prepared for an expected reduction in the U.S. Federal Reserve's massive monetary stimulus.
Benchmark oil for October delivery was up 80 cents to $106.22 at late afternoon Bangkok time in...
Easing of concerns over Syria boost Asian shares
2013-09-10 04:55:55 UTC
MANILA, Philippines (AP) — Asian shares were mostly higher Tuesday, boosted by good data from Japan and China and some easing of concerns over Syria after Russia offered to press Damascus to put its chemical weapons under international control.
Tokyo's Nikkei 225, the regional heavyweight, was...
US exempts EU nations from Iran oil sanctions
2013-09-07 07:12:46 UTC
WASHINGTON (AP) — The U.S. granted exemption from Iran sanctions to 10 European countries and Japan on Friday because all of them have significantly reduced or halted oil imports from the Islamic Republic.
Japan continues to import oil from Iran but all European Union countries halted them a y...
Asia stocks tentative ahead of US jobs report
2013-09-06 05:41:38 UTC
BANGKOK (AP) — Asian stock markets were tentative Friday, exercising prudence ahead of a key U.S. jobs report.
Jitters remained over Syria's civil war and whether the U.S. would launch a punitive strike against President Bashar Assad's regime for an alleged chemical attack against civilians in...
Stocks edge higher after encouraging jobs reports
2013-09-05 17:32:12 UTC
NEW YORK (AP) — Stocks edged higher Thursday after a pair of reports provided more evidence that the U.S. is maintaining a slow but steady economic recovery.
The number of Americans seeking unemployment benefits dropped last week and is near the lowest level since June 2008, the Labor Departme...
Oil dips but stays over $108 before US job report
2013-09-06 05:39:48 UTC
BANGKOK (AP) — The price of oil dipped slightly Friday ahead of the release of a key U.S. employment report.
Benchmark oil for October delivery was down 3 cents at $108.34 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained $1.14 to ...
Oil hovers below $107 as tensions over Syria ease
2013-09-03 08:02:08 UTC
BANGKOK (AP) — Oil prices fell further Tuesday as President Barack Obama's struggle to win support for U.S. military intervention in Syria diminished expectations of an attack.
Benchmark crude for October delivery was down 95 cents to $106.70 per barrel at midday Bangkok time in electronic tra...
Oil drops below $108 as US weighs Syria options
2013-08-31 19:43:00 UTC
The price of oil fell below $108 a barrel Friday as an imminent U.S. attack on Syria appeared less likely.
President Barack Obama says he hasn't made a final decision about a military strike against Syria. But he is considering a limited and narrow action in response to a chemical weapons atta...
Oil lease sale: 21M acres in western Gulf
2013-08-29 02:55:11 UTC
NEW ORLEANS (AP) — ConocoPhillips Co. had $50.3 million in high bids, including the day's highest single bid of $30.5 million, in the second-smallest federal oil lease sale for tracts off the Texas coast since area-wide sales began in 1983.
Overall, a dozen companies submitted $102.4 million i...
Why the stock market is having a chilly August
2013-08-21 07:53:28 UTC
NEW YORK (AP) — It's been a chilly August for the stock market.
At the start of the month, the Dow Jones industrial average and Standard & Poor's 500 index hit all-time highs. Now the market is down 4 percent from its peak, and August is on track to be the Dow's worst month since May 2012.
Stock drop on mixed earnings; Caterpillar sinks
2013-10-23 17:54:34 UTC
NEW YORK (AP) — Mixed earnings reports pushed the Standard& Poor's 500 index from a record on Wednesday.
Caterpillar slumped after the maker of mining and construction equipment said its third-quarter earnings plunged. The company cut its earnings forecast again. The stock dropped $4.67, or 5....
Asia stocks sink as Fed hints at stimulus phaseout
2013-08-22 07:22:55 UTC
BANGKOK (AP) — Asian stock markets fell Thursday after the Federal Reserve made it known that its top officials were leaning toward phasing out its massive stimulus program.
The Fed released minutes of its July policy meeting Wednesday that showed most members want to slow down the pace of a m...
Dow slips to worst week of 2013
2013-08-17 00:01:11 UTC
NEW YORK (AP) — Stocks fell Friday, closing out what was the worst week of the year for the Dow Jones industrial average.
The market was dragged lower by a weak performance from retailers and companies sensitive to higher interest rates. Homebuilders and banking stocks were among the best perf...
NY prosecutor: 'London Whale' charges a warning
2013-08-15 11:08:35 UTC
NEW YORK (AP) — Financial companies need to create an honest culture among employees to prevent the kind of conspiracy that enabled two former JPMorgan Chase & Co. traders in London to falsify bank records to cover up trading losses that cost the bank more than $6 billion, authorities say.
Russia accused of trade war against Ukraine
2013-08-15 11:06:48 UTC
KIEV, Ukraine (AP) — Ukrainian politicians are accusing Russia of waging a trade war as a way to pressure the country against signing a cooperation pact with the European Union.
Late last month Russia banned popular Ukrainian confectionary products from its stores, citing safety concerns. This...