Wall Street falls on earnings, but indexes well off lows
Jan 28, 2015 at 01:30 | Source:
NEW YORK (Reuters) - U.S. stocks fell in a broad decline on Tuesday, with the Dow seeing outsized losses after several blue chip components' results pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on ...
Asian airlines slash fuel surcharges but fares likely to rise
Jan 28, 2015 at 00:45 | Source:
SYDNEY/SINGAPORE (Reuters) - Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, but passengers hoping for cheaper tickets will be disappointed as carriers are likely to bump up fares to maintain margins.Australia's Qant...
Earnings trigger Wall St selloff, data weighs further
Jan 28, 2015 at 00:15 | Source:
NEW YORK (Reuters) - U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment.Energy shares on the S&P 500 were looki...
Airline fares set to fall in 2015, Iata predicts
Jan 27, 2015 at 11:22 | Source:
Average return fares for air passengers will be 5.1% lower next year compared with 2014, the International Air Transport Association (Iata) has said. Airlines are expected to trim fares thanks to higher profits as a result of cheaper fuel and faster ...
Asia shares rise, euro steadies as Fed meets
Jan 27, 2015 at 06:45 | Source:
SYDNEY (Reuters) - Asian shares moved higher on Tuesday and the euro clung to rare gains, relieved that European markets had weathered Greece's election outcome without much disruption.Bad weather in the United States curbed activity on Wall Street i...
Euro bounces back, global stocks up after Greek vote
Jan 27, 2015 at 04:45 | Source:
NEW YORK (Reuters) - The euro rebounded from two days of sharp losses on Monday even after an anti-bailout party was victorious in Greek elections, while global stock indexes edged up on confidence in the European Central Bank's new money-printing pr...
Oil slides despite OPEC talk of a floor
Jan 27, 2015 at 03:49 | Source:
NEW YORK (Reuters) - Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom. It was an up-and-down session for c...
World stock markets flat; euro steadies after Syriza win in Greece
Jan 27, 2015 at 00:30 | Source:
NEW YORK (Reuters) - The euro steadied after losing ground on Monday, suggesting confidence in the ECB's new money-printing program despite Greek election winner Syriza's pledge to take on international lenders.The victory by the Syriza party spurred...
Global stocks slip as anti-austerity party wins Greek election
Jan 26, 2015 at 09:45 | Source:
TOKYO (Reuters) - The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with internation...
Global Economy Weekahead: All eyes on Fed, Greece after ECB fires bazooka
Jan 26, 2015 at 01:15 | Source:
PARIS (Reuters) - After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn't stray from its own policy path.The atmosphere will al...
ECB easing lifts shares and bonds, but euro tumbles
Jan 24, 2015 at 23:22 | Source:
LONDON (Reuters) - The European Central Bank's plan to pump out about 1 trillion euros to revive the euro zone economy put stocks in the region on track for their best week since 2011 but hammered the shared currency.The appetite for riskier appetite...
Brent rises after Saudi king dies, U.S. crude falls
Jan 24, 2015 at 22:30 | Source:
NEW YORK (Reuters) - Brent crude rose on Friday on uncertainty over Saudi oil output following the death of King Abdullah, while U.S. crude prices fell, with traders citing a reported build at the Cushing, Oklahoma storage hub and the partial shutdow...
ECB easing pushes European equities to 7-year high, euro sinks
Jan 24, 2015 at 22:15 | Source:
NEW YORK (Reuters) - European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank's plan for massive regional economic stimuli that also knocked the euro to 11-year lows.Wall Street mostly fell on soft corpo...
Brent closes up, U.S. crude down after Saudi king dies
Jan 24, 2015 at 21:45 | Source:
NEW YORK (Reuters) - Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply.Saudi Arabia's new king, Salman, who took the throne on Friday morning after the death ...
New Saudi king to focus economic policy on jobs as oil sags
Jan 24, 2015 at 02:15 | Source:
DUBAI (Reuters) - Saudi Arabia's new king is expected to focus economic policy on creating jobs and multi-billion dollar infrastructure projects to prevent tumbling oil prices from causing social tensions or undermining business confidence.King Salma...