Shunned from bond market, U.S. Virgin Islands faces cash crisis For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. Pipes underneath the emergency room collapsed in May, causing waste water to back up through the drains. Now workers and visitors – even patients […]
Business
Business
Venezuelan oil supply to Phillips 66 falls amid quality issues Venezuelan oil supply to Phillips 66 falls amid quality issues:- Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at […]
Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco:- Anti-smoking groups in Indonesia have slammed Big Tobacco for promoting sales by giving retailers cash rewards, shopping vouchers and even money to renovate, urging authorities to enforce advertising curbs to safeguard public health. The […]
Global growth boosts stocks, dollar mired near multi-month lows Global growth boosts stocks, dollar mired near multi-month lows:- World stocks, on their longest streak of monthly gains in more than a decade, rose on Tuesday amid further signs that the global economy is in fine fettle, while the beaten-down dollar […]
European oil majors seek to harness U.S. offshore wind European oil majors seek to harness U.S. offshore wind:- Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home. Late […]
U.S. pending home sales rise; Midwest factory activity slows U.S. pending home sales rise; Midwest factory activity slows: Contracts to buy previously owned U.S. homes rebounded in June after three straight monthly declines, but the housing market remained constrained by a shortage of properties available for sale. Other data on […]
Boeing takes aim at its avionics suppliers, sending stocks down Boeing takes aim at its avionics suppliers, sending stocks down: Boeing Co (BA.N) said on Monday it set up an avionics group to make aircraft controls and electronics that compete with its own suppliers such as Rockwell Collins Inc (COL.N), […]
Europe, tech keeps stocks in check; U.S. dollar softens Europe, tech keeps stocks in check; U.S. dollar softens: Retreating U.S. technology shares and soft European markets capped world equity gains on Monday, while the U.S. dollar fell to its lowest level in over a year against a basket of major […]
Asia shares rise as investors look to burst of data for proof of ‘goldilocks’ Asia shares rise as investors look to burst of data for proof of ‘goldilocks’: Asian shares ticked up on Tuesday as investors looked to a barrage of economic data around the world to confirm recent signs […]
Did job growth maintain mojo in July? Did job growth maintain mojo in July?: The monthly jobs report highlights this week’s economic news and is expected to show the labor market got off to a solid start in the second half of the year after healthy advances the first six […]
