Thursday, February 26, 2015
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.1 Comment
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.
Tuesday, February 24, 2015
World stock markets extended gains Monday after Greece and its European creditors reached an agreement that staved off the immediate threat of bankruptcy and exit from the euro though hurdles remain to cementing the short-term funding deal.
The modest raises that Wal-Mart has said it will give its lowest-paid workers provide a glimmer of hope for lower-wage workers in other companies and industries.
The euro held steady Monday after it rallied on news of a last-minute deal to extend Greece's bailout, giving Athens a crucial lifeline to pay its bills and avoid a damaging default.