People around the world could soon see more dramatic increases in food prices. A report released Friday warns cereal prices could jump as much as 20 percent over the next decade, while prices for meat could increase by almost one-third. The findings are part of the latest outlook from the Organization of Economic Cooperation and […]
Data Suggests ‘Choppy’ Growth For US Economy
Posted June 17th, 2011 at 10:55 am (UTC-5)
The latest report on the United States economy suggests it will pull out of its recent slowdown over the next three to six months. A private research group said Friday its index of leading economic indicators rose eight-tenths of a percent in May after declining slightly in April. The New York-based Conference Board looks at […]
US Stocks Rise at Open
Posted June 17th, 2011 at 10:00 am (UTC-5)
The major U.S. stock market indexes pushed higher at the start of Friday’s trading. The Dow Jones Industrial Average rose almost seven-tenths of one percent, while the S&P 500 and the NASDAQ both gained about three-quarters of a percent. European stock prices also gained in afternoon trading. London’s Financial Times index was up one-third of […]
IMF: World Economic Outlook ‘Not Reassuring’
Posted June 17th, 2011 at 9:20 am (UTC-5)
The International Monetary Fund says recent trends in the world’s major economies are “not reassuring,” and it warns there is a growing chance the global economy could stumble. The IMF’s World Economic Outlook, released Friday, says the global economy expanded at a rate of 4.3 percent for the first three months of the year. But […]
European Stocks Higher in Midday Trading
Posted June 17th, 2011 at 7:50 am (UTC-5)
European stock prices are higher in midday trading Friday. London’s Financial Times index is up just over one-quarter of one percent. The CAC-40 in Paris is up slightly over one percent, and trading on the DAX index in Frankfurt is up more than one percent. In New York, the S&P futures contract is up 10 […]
Asia Markets Close Mostly Higher
Posted June 17th, 2011 at 7:05 am (UTC-5)
Major Asian stock markets closed mostly lower Friday. Tokyo’s Nikkei index dropped more than one-half of one percent to finish at 9,351. Hong Kong’s Hang Seng index dropped well over one percent to finish the day’s trading at 21,695. Share prices were lower in Bangkok, Jakarta, Manila, Mumbai, Seoul, Shanghai, Singapore, Taipei and Wellington, but […]
Japan’s Nikkei Falls Again
Posted June 17th, 2011 at 5:40 am (UTC-5)
Japanese markets closed lower Friday, while the U.S. dollar is lower against the Japanese yen. Tokyo’s Nikkei index dropped more than one-half of one percent to finish at 9,351. In currency trading, the dollar was selling at 80.37, a loss of just over one-quarter of a yen from Thursday. Gold is trading at $1,525.78 an […]
Asian Stocks Mostly Lower
Posted June 17th, 2011 at 4:35 am (UTC-5)
Asian stock markets closed mostly lower Friday. Tokyo’s Nikkei index dropped more than one-half of one percent to finish at 9,351. Hong Kong’s Hang Seng index dropped well over one percent to finish the day’s trading at 21,695. Share prices were lower in Manila, Shanghai, Taipei and Wellington, but higher in Sydney. In currency trading, […]
Japan’s Nikkei Falls Again
Posted June 17th, 2011 at 2:35 am (UTC-5)
Japanese markets closed lower Friday, while the U.S. dollar is unchanged against the Japanese yen. Tokyo’s Nikkei index dropped more than one-half of one percent to finish at 9,351. In currency trading, the dollar was selling at 80.63 yen. The Taipei market finished the day’s trading at 8,636, a loss of nearly one-quarter of one […]
US Urges Burma to End Hostilities
Posted June 16th, 2011 at 7:25 pm (UTC-5)
The United States is urging Burma to cease hostilities in northern ethnic minority regions, as deadly clashes between government forces and rebels have forced many refugees to flee toward neighboring China. State Department spokeswoman Kelly McKellogg Thursday called on the Burmese authorities to start a dialogue toward reconciliation with opposition and ethnic minority groups. She […]
