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Wednesday, June 17, 2015
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.
The euro fell Monday after talks between Greece and its international creditors collapsed, bringing the threat of a Greek exit from the eurozone closer than ever.
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Oil prices fell in Asia Monday as dealers fretted over a collapse in Greece's debt talks and a possible return of Iranian supplies disrupted by international sanctions, analysts said.
Saturday, June 13, 2015
Global stock markets were weighed down Friday by ongoing uncertainty over the future of Greece's bailout after the International Monetary Fund decided to walk away from discussions in Brussels, citing a distinct lack of progress.
The euro fell on Friday as hopes for a Greek bailout deal took a hit after the International Monetary Fund pulled out of crunch talks between Athens and its creditors.
Oil prices fell in Asia Friday on a stronger U.S. dollar as traders grew concerned about Greece's troubled debt negotiations, while the International Energy Agency's prediction of an end to the recent surge in demand added downward pressure.
Friday, June 12, 2015
Obama's trade bill faces showdown vote on Capitol Hill
A landmark trade bill that tops President Barack Obama's second-term agenda faces a showdown vote in the House as Democrats mount a last-ditch effort to kill it.
The World Bank warned emerging economies around the world Wednesday of a rocky road ahead as the U.S. moves toward tightening monetary policy and the dollar strengthens.
Europe's main stock markets rose Thursday, with Greek shares soaring on hopes that Athens could be close to a deal with its creditors, analysts said.
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