Friday, June 19, 2015
A global airline association said Wednesday that it was scrapping its recommendation to reduce the size of carry-on bags for air travelers after an "intense" response in North America.
Asian markets mostly headed lower Thursday and the dollar retreated after the Federal Reserve said any rises in U.S. interest rates would be slow.
The dollar weakened Thursday as Federal Reserve chief Janet Yellen pointed to weakness in the U.S. economy and cautioned that any rises in interest rates would be slow.
Oil prices were lower in Asia Thursday following a mixed U.S. energy report and after the US Federal Reserve signaled it would keep its near-zero benchmark interest rates unchanged for now, analysts said.
Thursday, June 18, 2015
Print-loving U.S. billionaire investor Warren Buffett says he is ready to buy more newspapers despite concerns about falling advertising revenues and the move toward online content.
Wednesday, June 17, 2015
Asian markets retreated Tuesday for a second straight session, tracking a global sell-off as Greece struggle s to find a compromise with its creditors, fueling fears of a default and exit from the eurozone.
Oil prices slid on Monday amid bearish news on U.S. industrial output and a breakdown in Greece's debt talks.
The euro held up Tuesday despite the stalemate in bailout reform talks between Greece and its creditors, fueling fears it will default on its debt repayments and possibly tumble out of the eurozone.
Gap announced Monday it will close 175 namesake stores in North America and eliminate 250 headquarters jobs as it responds to lower in-store sales with the rise of online shopping.
Tuesday, June 16, 2015
World stocks sank Monday as Greece inched closer to default after weekend talks with international creditors over freeing up the rest of its bailout funds went nowhere. Chinese shares led declines in Asia after regulators tightened up on lending by brokerages to investors.