Tag Archives: prices
Wall Street extends winning streak, euro slips
By Richard Leong NEW YORK (Reuters) – U.S. stocks scaled record highs on Wednesday as weak data reinforced expectations that stimulative central bank policies would continue, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar. U.S Continue reading
Supply glut pushing oil prices lower
An oversupply of oil from new sources across North America is keeping crude prices depressed, the International Energy Agency said in a report Tuesday. Continue reading
Oil Firms Probed Over Suspected Price-Fixing
The offices of Shell, BP and Statoil are raided as the EU Commission launches a probe into suspected manipulation of oil prices. Continue reading
Rusal Aluminum Output Falls in First Quarter
United Co. Rusal PLC (0486.HK), the world’s largest aluminum producer, said Tuesday that it saw a substantial narrowing in first-quarter losses, as it pushes to cut annual output in a market battling with excess global supply, poor demand and low prices. Continue reading
Platinum Sinks on Anglo American Production Deal
Platinum prices slumped 2% Friday after a long-awaited deal to reduce production at the world’s largest platinum-mining company disappointed investors. Continue reading
Rio Tinto Urges Policy Restraint Ahead of Australia Budget
Rio Tinto PLC (RIO.AU) urged Australia to resist tying up the resources sector in more red tape or introduce new revenue-raising measures, as the mining company grapples with challenges like high labor costs, weak commodity prices and opposition to expand a big coal mine. Continue reading
Rio Urges Restraint Ahead of Australia Budget
Rio Tinto PLC (RIO.AU) urged Australia to resist tying up the resources sector in more red tape or introduce new revenue-raising measures, as the mining company grapples with challenges like high labor costs, weak commodity prices and opposition to expand a big coal mine. Continue reading
Asian shares gain as upbeat global data, Wall Street buoy mood
By Chikako Mogi TOKYO (Reuters) – Encouraging global data and Wall Street's extended record run boosted Asian shares to a near two-year peak on Thursday, with strong Australian jobs data and a surprise interest rate cut by South Korea further cementing the positive mood. Japanese stocks were within striking distance of fresh five-year highs, tracking global fund flows into equities as monetary easing depresses returns on bonds while unclear prospects of world economic growth weigh on commodities prices. “Japan outperforms its global peers Continue reading
Wilted dream: Prince Charles closes unprofitable organic veggie shop
LONDON — Britain’s weak economy has taken its toll on the nation’s poshest greengrocer with Prince Charles forced to close his organic vegetable store, citing falling trade and rising prices.Prince Charles, the heir to the throne and a champion of the environment, opened a store near to his country home Highgrove in Gloucestershire, southwest England, about eight years ago after converting his… Continue reading
Aussie Dollar: Must-See Charts
NEW YORK (TheStreet) — The Aussie dollar is threatening a downside breakout from a nearly one-year trading range. Continue reading →