The sharp decline in global oil prices is “a little bit too much,” although the fundamentals of the market remain solid, OPEC Secretary-General Abdalla El-Badri said Thursday.
Nov 072014
Nov 072014
U.S. stocks rose Thursday, with the Dow Jones Industrial Average and the S&P 500 closing at record highs for a second day, as investors embraced upbeat data from the country and dovish comments from European Central Bank President Mario Draghi.
Nov 072014
6(Xinhua)–European Commissioner for financial services Jonathan Hill here on Thursday expressed his resolve to set up an EU capital markets union n. Concerning financial stability,he said good regulation underpins financial stability.
Nov 072014
“Ministers broadly conquered with the Commission’s assessment. Economic recovery in the eurozone has lost the momentum after a relatively good start with positive growth in the first quarter,” Dijsselbloem told a press briefing after the Eurogroup finance ministers meeting.
Nov 072014
The Eurogroup finance ministers here on Thursday discussed the follow-up to Greece’s economic adjustment program, and supported granting Greece a precautionary credit line.
Nov 072014
World food prices dropped for the seventh consecutive month in October, their longest decline in nearly two decades, though the latest dip was small and UN Food and Agriculture Organization officials said prices were stabilizing.
Nov 052014
The British construction purchasing managers’ index (PMI) dropped to 61.4 in October from 64.2 in September, but still registered 18 months of exceeding the 50-point mark signifying expansion, Markit Economics Limited said Tuesday.
Nov 052014
Governor of the Bank of Japan (BOJ) Haruhiko Kuroda said here Wednesday that the central bank will take every possible measure to achieve its 2 percent inflation goal, saying Friday’s surprising additional monetary easing was a move to reach the purpose.
Nov 052014
Nissan Motor Co. announced Tuesday a 24.9 percent year-on-year rise in its group net profit for the fiscal first half and a 16 percent rise in its net profit in the July to September period, citing robust sales in the United States of its crossover SUV models compensating for lackluster sales here.
Nov 052014
U.S. stocks largely went down on Tuesday as U.S. oil prices continued to slide, touching a three- year low.