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Oil prices down in quiet Asian trade

INQUIRER FILE PHOTO

Oil prices were down in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukraine crisis following a deadly gunfight over the weekend, analysts said.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

Asian shares mixed in holiday-thinned trade

An electronic board showing the Hong Kong share index is seen at a commercial building in Hong Kong Thursday, April 10, 2014. AP FILE PHOTO

Asian markets were mixed in Easter holiday-hit trade Monday, with Japan’s Nikkei rallying on the back of a weaker yen as data showed the country’s trade deficit quadrupled in March.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

Fiat-Chrysler to produce iconic Jeep in China from 2015

A combo of file images shows the logos of Italian car manufacturer Fiat and US automobile heavyweight Chrysler. AFP FILE PHOTO

Automaker Fiat-Chrysler said on Saturday that it would begin producing the iconic American brand Jeep in China from 2015 to meet demand in the world’s largest car market.

Posted: April 19th, 2014 in Latest Business Stories | Read More »

Italy sells luxury state cars on eBay

luxury-cars1

Italy’s cash-strapped government has raised more than 370,000 euros by selling 52 luxury cars owned by the state through online auction site eBay, the prime minister’s office has said.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Asian shares mostly up in quiet trade

A man walks by an electronic stock board of a securities firm in Tokyo Thursday, Jan. 30, 2014. Asian markets slumped Thursday, extending a global rout on renewed fears about emerging economies after the US Federal Reserve pressed ahead with its stimulus reduction and Turkey and South Africa hiked interest rates.  AP

Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the West to ease Ukraine tensions.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Dollar up in Asia on US jobs data, Ukraine deal

AFP FILE PHOTO

The dollar rose in quiet Asian trade Friday, winning support from positive US jobs data and a deal between Russia and the West aimed at easing tensions in Ukraine.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Barbie doll has a problem

In this Thursday, April 26, 2007 file photo, the Mattel company headquarters is seen in El Segundo, Calif. Toy maker Mattel said Thursday April 17, 2014 weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss. (AP Photo/Reed Saxon, File)

Toymaker Mattel has a problem: Barbie’s performance has not been very pretty of late.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Oil prices mixed ahead of long Easter weekend

AP FILE PHOTO

Oil prices finished in mixed fashion Thursday ahead of the long Easter weekend as Russia and the West sought to defuse the escalating Ukraine crisis.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

US stocks end mostly higher after earnings deluge

AP photo

US stocks Thursday finished a holiday-shortened week mostly higher following a plethora of earnings reports that generally met or exceeded expectations.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Total says makes ‘very promising’ oil find off Ivory Coast

Ivory Coast

French energy giant Total on Thursday announced it had discovered oil in deep waters off the coast of Ivory Coast, constituting a “very promising result” after the first such find.

Posted: April 17th, 2014 in Latest Business Stories | Read More »

‘Chinese Twitter’ firm Weibo to go public in US

weibo

Sina Weibo, widely known as China’s version of Twitter, is to go public in the United States Thursday at a price below expectations after a recent sell-off in technology stocks.

Posted: April 17th, 2014 in Latest Business Stories | Read More »

US stocks rise on Citi earnings, retail sales

In this April 11, 2014, photo, trader Anthony Carannante, left, works on the floor of the New York Stock Exchange. A government report showing March retail sales notched their biggest increase in 18 months helped give US stocks a lift Monday, April 14. Better-than-expected results from Citigroup helped ease worries that first-quarter corporate earnings would be weak.  AP PHOTO/RICHARD DREW

US stocks rose decisively Monday after a solid earnings report from Citigroup and encouraging retail sales data, reversing course after deep losses late last week.

Posted: April 15th, 2014 in Latest Business Stories | Read More »

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