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Friday, February 27, 2015
A plunge in gas prices last month lowered American consumer prices by the most in six years. But excluding the volatile food and energy costs, prices rose.
Global stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. Federal Reserve said it will be patient about increasing interest rates.
Thursday, February 26, 2015
Asian stocks broadly rose Wednesday after U.S. Federal Reserve chief Janet Yellen damped speculation of a rate hike before summer, and as eurozone finance ministers backed Greek reforms critical to avoiding a disastrous default.
The dollar fell Wednesday as U.S. Federal Reserve chief Janet Yellen hinted that a rate hike was unlikely before the summer, while the euro held up as Greece delivered a reform package critical to extending its bailout.
Oil prices were mixed in Asia Wednesday ahead of a key report expected to show further build-up in U.S. crude inventories, hitting prices in an already oversupplied market, analysts said.
Former 20th Century Fox chief Tom Rothman has been named chairman of Sony's Motion Picture Group, replacing Amy Pascal as studio head and effectively concluding Sony's shake-up following the damaging hacking scandal.
Wednesday, February 25, 2015
World stocks were mostly higher and the dollar strengthened Tuesday as investors awaited remarks from U.S. Federal Reserve Chair Janet Yellen and the Greek government prepared to unveil reforms aimed at winning final approval for extended rescue loans.
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The euro held steady Tuesday as traders awaited a Greek government reform package critical to winning a four-month extension of its huge international bailout — and avoiding a disastrous default.
Oil turned lower in Asia Tuesday as a feeble rebound failed to take hold, with prices under pressure in an oversupplied market.
Irish airline and takeover target Aer Lingus sank into a net loss in 2014 on the back of one-off pension and staff restructuring costs, it said Tuesday.
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