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World Business News
Proposed WTO subsidy waiver "threatens fish stocks"
Reuters - 35 minutes agoGENEVA, May 16 - Major developing countries have proposed exemptions to a planned trade deal on fishing subsidies but a leading environmental group said on Friday the waiver would undermine efforts to restrain overfishing. More »
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Oil sets record near $128; pump price at high, too
AP - 35 minutes agoNEW YORK - Oil prices surged more than $3 Friday, shattering a previous record in a spike near $128 a barrel, as prices at the pump pushed to new highs of their own. More »
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Europe shares off highs, but gain 1.5 pct this week
Reuters - 40 minutes agoLONDON, May 16 - European shares rose on Friday, fed by a rally in energy stocks as crude oil prices hit fresh record highs, although banks fell and U.S. consumer sentiment data knocked the market back from session peaks. More »
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Russia's Evraz estimates Q1 revenue at $4.32 bln
Reuters - 48 minutes agoMOSCOW, May 16 - Russian steel maker Evraz Group said on Friday first-quarter revenue amounted to around $4.32 billion, according to interim management statement. More »
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Surprise rebound in housing, outlook still shaky
AP - 52 minutes agoWASHINGTON - Construction of new homes posted the biggest increase in more than two years in April. More »
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Reuters Business Summary
Reuters - 26 minutes agoMarket falls further on record oil prices More »
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Market falls further on record oil prices
Reuters - 55 minutes agoNEW YORK - Stocks extended losses on Friday and the Nasdaq dropped more than 1 percent as a fresh run-up in oil prices to record territory added to concerns over the impact of soaring fuel costs on consumers and businesses. More »
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GE confirms plans to exit appliance business
Reuters - 56 minutes agoBOSTON - General Electric Co confirmed on Friday it may sell or spin off its century-old appliances unit, saying the business was too focused on the United States. More »
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US STOCKS-Market falls further on record oil prices
Reuters - 56 minutes agoNEW YORK, May 16 - U.S. stocks extended losses on Friday and the Nasdaq dropped more than 1 percent as a fresh run-up in oil prices to record territory added to concerns over the impact of soaring fuel costs on consumers and businesses. More »
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Saudi Aramco, Conoco move forward on refinery
Reuters - 1 hour 1 minute agoNEW YORK, May 16 - Saudi Aramco and ConocoPhillips said on Friday they will continue funding the development of a 400,000 barrel-per-day refinery in Yanbu, Saudi Arabia, even as costs to build new refining facilities soar. More »
- Calendar quirk boosts Europe car sales, Fiat shinesReuters -1 hour 16 minutes ago
- Consumers' mood grim as early-80s in MayReuters -1 hour 42 minutes ago
- Stocks pull back as oil pushes to fresh recordAP - 34 minutes ago
- NEWSMAKER-MTN's Nhleko, a soft-spoken dealmakerReuters -1 hour 53 minutes ago
- Turkish lira, bonds firm after cenbank rate hikeReuters -1 hour 54 minutes ago
- Fannie Mae relaxing loan down payment requirementsReuters -2 hours 3 minutes ago
- Europe shares pare gains after US consumer dataReuters -2 hours 5 minutes ago
- FOREX-Dollar extends losses as consumer morale divesReuters -2 hours 12 minutes ago
- Russia's AvtoVAZ proposes 0.29 rbl/shr dividendReuters -2 hours 23 minutes ago
- Southwestern sells troubled Boka gold projectReuters -2 hours 25 minutes ago
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