Posts Tagged ‘news’

South Korea’s central bank cuts policy rate to 3%

Nathan Andrada – Fourth Estate Cooperative Contributor Seoul, South Korea (4E) – The South Korean central bank surprised the markets on Thursday by lowering its key benchmark interest rate by 25 basis points citing worsening economic conditions in the U.S. and Europe, along with softening demand for local goods in emerging markets. Economists see this […]

Asus-Google tablet launching soon

Rumors about a Google tablet is true as the Android Authority news blogsite has reported that an Asus representative at Computex 2012 confirmed its existence and launching by the end of the month. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Markets move higher Monday on news of Spanish bailout

Markets around the globe rallied Monday following news of aid for Spain’s ailing banks. Also buoying stocks was encouraging weekend economic data from China. Asian markets ended the day higher and European equities were up in early afternoon trading. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Mortgage rates fall to new low–again

Diane Alter – AHN News Reporter Arlington, VA, United States (AHN) – Mortgage rates fell to new lows again for the week ended May 10, with the 30-year averaging 3.83 percent. Freddie Mac said in a statement Thursday, “Following April’s weaker than expected employment report and the French and Greek election results raising concerns over […]

Stocks rise Thursday after days of losses

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. markets rose right out of the gate Thursday after several days of heavy losses. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was up 40 points, the Standard & Poor’s 500 Index gained 8 points and […]

Crude oil prices fall to $96.32 in continuing slide

Linda Young – AHN News Writer London, United Kingdom (AHN) – Oil prices continued to fall on Wednesday, dropping an additional 0.7 percent as concerns about the U.S., European and global economies mounted. Another factor in pushing crude oil prices down was news that Saudi Arabia might boost its production. Oil prices have fallen more […]

Al Jazeera closes China bureau after reporter expelled

Qatar-based news network Al Jazeera announced Tuesday the closure of its English language bureau in China after local authorities refused to renew the visa and accreditation of its American reporter and refused to grant visas to its other journalists. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Stocks start Monday strong on higher retail sales

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Dow stocks stocks staged a rally Monday morning boosted by strong retail sales data. Shorty after 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 64 points, the Standard & Poor’s 500 Index was off 2 points and the […]

Philippine oil refiner acquires ExxonMobil units in Malaysia for $577 million

Windsor Genova – AHN News News Writer Manila, Philippines (AHN) – Philippine oil refiner Petron Corp. announced Monday that its oil and gas exploration unit in Malaysia has completed the $ 577.3 million acquisition of three ExxonMobil firms in the southeast Asian neighbor. The company’s disclosure to the Philippine Stock Exchange indicated that Petron Oil […]

Mortgage rate rises above 4 percent for first time since October

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The rate on a 30-year fixed mortgage climbed above 4 percent for the first time since October, Freddie Mac reported Thursday. In its weekly report, the mortgage giant noted the average rate on the 30-year fixed rate mortgage increased to 4.08 percent […]