Browsing: Business & Economy News

Momentum has slowed on Wall Street after the surge at the end of 2013, but the stock market’s tally at week’s end was still respectable, even if not outstanding. While the market spent much of the week in the red, two of the three indices still finished…

International Monetary Fund Managing Director Christine Lagarde said Thursday that question marks remain over the health of Europe’s banks and that coming stress tests are a chance to build confidence in them. In an article published online by Project…

New Food market report from Business Monitor International: “Nigeria Agribusiness Report Q1 2014” Boston, MA — (SBWIRE) — 01/09/2014 — Cocoa continues to be the sector we see with the most potential for growth over the short- and medium-term, especially…

London shares fell on Thursday as supermarket chain Morrison’s plummetted after Christmas sales shrank and bookmakers tumbled in the wake of comments by David Cameron. The benchmark FTSE 100 index shed 30.44 points or 0.45 percent to close at 6,691.…

US stocks opened higher on Thursday amid more signs of strength in the US jobs market and after the European Central Bank chief acknowledged growing concerns over low eurozone inflation. Five minutes into trade, the Dow Jones Industrial Average gained…

European stock markets rose on Thursday as investors awaited monetary policy decisions from the ECB and Bank of England and reacted to an upbeat outlook from the US Federal Reserve. Frankfurt’s DAX 30 index advanced 0.43 percent to 9,538.92 points and…

India’s car sales fell almost 10 percent year-on-year in 2013 in the first decline for 11 years, an industry body said Thursday, amid sluggish economic growth and higher fuel costs and interest rates. Annual domestic car sales, seen as a pointer to…

Auto sales in China, the world’s biggest car market, surged 13.9 percent to 21.98 million vehicles last year, an industry group said Thursday, with the growth rate outpacing 2012 despite economic weakness. Sales of passenger vehicles alone jumped 15…

JPMorgan Chase will pay $2.6 billion for its role as the key banker in the mammoth 2008 Madoff Ponzi scheme, US justice authorities and regulators announced Tuesday. The amount, part of a settlement deal over criminal charges, includes $2.24 billion…

European stock markets advanced on Tuesday alongside brighter eurozone economic data and as Ireland successfully tapped the bond markets for the first time since exiting its EU-IMF bailout. London’s benchmark FTSE 100 index ended the day up 0.37 percent…

US stocks registered their first gains of the new year Tuesday, with the Nasdaq adding nearly one percent, helped by a solid November trade report. The Dow Jones Industrial Average finished up 105.84 points (0.64 percent) at 16,530.94. The broad-based…

Global oil prices rebounded with solid gains on Tuesday as a cold snap in the United States boosted demand for heating fuel, analysts said. New York’s main contract West Texas Intermediate for February delivery rose 73 cents to $94.16 a barrel. Brent…

It’s hard to believe, but there was a time when the iPhone existed without an App Store. That store is now such a huge part of the iPhone experience, not to mention a growing part of Apple’s business. How much does the App Store mean to Apple, exactly…

JPMorgan Chase, the US bank used by Bernard Madoff who masterminded the biggest fraud on record, has agreed to pay about $2.0 billion to US authorities to avoid litigation, press reports said Monday. Madoff masterminded a massive and long-running so…

London shares opened modestly higher on Monday ahead of a slew of corporate announcements later this week on how British companies have fared over the key holiday period. The benchmark FTSE 100 index added 16.98 points or 0.25 percent to 6,747.68 points…

European stock markets moved higher on Friday in low-volume trade, aided by upbeat Spanish unemployment figures, but gains were capped after sharp losses elsewhere following more weak data from China. In afternoon deals, London’s benchmark FTSE 100…

US stocks Friday closed out a holiday-shortened week mostly lower as outgoing Federal Reserve Chairman Ben Bernanke called for continued efforts to cement the economic recovery. The Dow Jones Industrial Average rose 28.64 (0.17 percent) to 16,469.99…

PHILADELPHIA, Pa. — Say what you will about oddball millionaire Chen Guangbiao — the man has a knack for publicity stunts. Within China, he has made a name for himself as a sort of homegrown Donald Trump. Though not China’s richest man (he has…

News for BlackBerry—the former king of smartphones—has not been too good of late. That’s why it’s kind of hard not to laugh a little at the press release the company published to its website today, revealing that BlackBerry is filing a patent…

US stocks on Thursday moved lower in the first trading session of 2014 following a mediocre report on Chinese manufacturing activity. About 30 minutes into trade, the Dow Jones Industrial Average fell 76.74 points (0.46 percent) to 16,499.92. The broad…