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World oil prices edged have edged higher on lingering optimism over falling US production. US benchmark West Texas Intermediate for March delivery firmed three cents to $ 51.96 a barrel compared with Friday’s close. Brent North Sea crude for April rose 54 cents $ 62.06 a barrel in London midday trade. Crude has been on Read More
* Import prices drop in January * UMich data on tap * German growth beats expectations * Futures up: Dow 53 pts, S&P 4 pts, Nasdaq 13 pts (Adds quote, data) By Chuck Mikolajczak NEW YORK, Feb 13 (Reuters) – U.S. stocks were set for a slightly higher open on Friday, after gains in the Read More
* Import prices, UMich data on tap * German growth beats expectations * Futures up: Dow 35 pts, S&P 3.25 pts, Nasdaq 10.75 pts By Chuck Mikolajczak NEW YORK, Feb 13 (Reuters) – S&P Futures inched higher on Friday, with gains in the prior session having moved the S&P 500 to within 2 points of Read More
By Roxana Zega US stock-index futures rose, with the Standard & Poors 500 Index 3 points away from a record, as German growth data signaled a strengthening in Europes recovery and optimism increased about Greek debt talks. Contracts on the Standard & Poors 500 Index expiring in March advanced 0.2 percent to 2,087.6 at Read More
What can stunt US economic growth? (Part 11 of 11) (Continued from Part 10) A note In this series, we looked at several indicators that display different aspects of the US economy. Some are stable, but may have a negative bias while others are not looking as good as we expected. This is not to imply Read More
WASHINGTON: US consumer spending barely rose in January as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note. The Commerce Department said on Thursday retail sales excluding automobiles, gasoline, building materials and food services edged up 0.1 per cent last month after a Read More
(Corrects Orbitz deal value to $ 1.38 billion from $ 1.33 billion) * Ceasefire deal reached between Ukraine, Russia * Sweden introduces negative interest rates, bond buys * Cisco up in premarket after results; Tesla falls * Expedia to buy Orbitz for $ 1.33 bln * Futures up: Dow 67 pts, S&P 7 pts, Nasdaq Read More
* Futures up: Dow 84 pts, S&P 9.75 pts, Nasdaq 22 pts * Ceasefire deal reached between Ukraine, Russia * Sweden introduces negative interest rates, bond buys * Cisco up in premarket after results; Tesla falls By Chuck Mikolajczak NEW YORK, Feb 12 (Reuters) – S&P Futures advanced on Thursday, following a ceasefire agreement between Read More
LONDON: Brent oil futures rose to US$ 56 a barrel on Thursday, as a weakened dollar and industry spending cuts offset worries of a supply glut after U.S. crude inventories increased for a fifth consecutive week. The dollar fell 0.25 percent against a basket of currencies , making dollar-traded commodities such as oil more attractive. Read More