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Friday, April 3, 2015
The U.S. dollar was under pressure on Thursday after a batch of weak U.S. data dented hopes for an early interest rate hike, with investors awaiting a key jobs report.
Oil prices fell in thin pre-holiday trade in Asia Thursday after a mixed U.S. stockpiles report, while talks over crude producer Iran's nuclear program dragged on, analysts said.
Thursday, April 2, 2015
European shares rebounded from early losses on Wednesday as a monthly survey showed factory output at a 10-month high in March, helped by strong growth in new business. Asian markets were lackluster after weak data from China and Japan.
Oil prices fell in Asia Wednesday after Russia and Iran's foreign ministers claimed a breakthrough in talks over Tehran's controversial nuclear program that could ease sanctions on the crude producer.
The euro edged higher on Wednesday after data showed eurozone deflation eased last month, although gains were limited as traders keep an eye on Greek bailout talks.
Wednesday, April 1, 2015
UnitedHealth readies for prescription drug battle
The nation's largest health insurer, UnitedHealth, will muscle up for its fight against rising prescription drug costs by spending more than US$12 billion to buy pharmacy benefits manager Catamaran Corp.
Saudi Arabia seeks out non-oil capital
Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdom's investment authority said Monday.
Greece will be unable to repay massive bailout debts without eventually restructuring them, the prime minister said, as pressure from lenders mounted on Athens to produce viable cost-cutting reforms to unlock emergency funds and prevent default.
Swiss Bank BSI will pay a US$211 million penalty after acknowledging it helped clients create sham identities to evade U.S. taxes, the Justice Department announced Monday.
A McMuffin for dinner? It might happen, as McDonald's USA plans to test an all-day breakfast at some locations in the San Diego area starting next month.
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