|
News Feeds |
|
World business news - CNNMoney.com
|
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
|
|
-
What peak oil? Why an oil glut is ahead
In May, less than a month after the blowout of the Deepwater Horizon oil rig in the Gulf of Mexico, a key milestone was achieved with little notice: Total U.S. supplies of petroleum and products refined from it (including the Strategic Petroleum Reserve) surpassed 1.8 billion barrels, reaching the highest level in the last 20 years. Since then the total has continued to edge upward, hitting 1.87 billion barrels in the week ended August 27, according to the Energy Information Administration.
-
BP rises over 3% on Fitch upgrade
BP's stock jumped more than 3% after Fitch upgraded the company's rating three notches.
-
Soros gives $100 million to human rights group
Billionaire investor George Soros will donate $100 million to Human Rights Watch, the organization announced Tuesday.
-
Kia in management shakeup after recall
South Korean automaker Kia Motors, on the heels of a global recall of more than 100,000 vehicles, said Tuesday it has named a new vice chairman to replace Chung Sung-eun, who had resigned.
-
World markets rally, Nikkei gains 2%
World markets rallied Monday, with Asian stocks logging their fourth straight session of gains.
-
Ferrari recalls $225,000 458 Italia supercar
Ferrari is recalling its new 458 Italia model after several vehicles were reported to have burst into flames.
-
Oil roars into September 'like a lion'
After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.
-
China manufacturing might help avoid crash
China's manufacturing sector rebounded in August, calming some fears about the pace of that country's growth.
-
Dollar slips on return to risk
As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.
-
Nikkei sinks to 16-month low
World markets slumped Tuesday, with the Nikkei ending at a 16-month low, as the yen remained strong despite efforts by the Bank of Japan to keep a lid on the Japanese currency's rise.
-
RIM avoids BlackBerry ban in India - for now
India will delay banning BlackBerry services pending a 60-day security test, the country's home affairs department said Monday.
-
Bank of Japan's additional easing measures disappoint
The Bank of Japan eased its monetary policy at an emergency meeting Monday morning, in an effort to curb the yen's strength and lift the country's struggling economy -- though the move was not enough to satisfy investors.
-
Sanofi offers $18.5 billion for Genzyme
French pharmaceutical firm Sanofi-Aventis is stepping up the pressure on U.S. biotech firm Genzyme, going public with an $18.5 billion cash offer and hinting it may consider a hostile takeover if Genzyme refuses to talk.
-
Check International ETFs here
Check International ETFs here
-
Big Oil ticked off at new money law
A new law requiring oil companies to disclose all payments made to governments has sparked a sharp debate, with Big Oil saying it will put it at a big competitive disadvantage.
-
Ford to expand presence in Asia
Ford Motor Co. announced on Thursday that it will ramp up its presence in the fast-growing Asian and African markets.
-
Toyota recalls 1.33 million cars
Toyota Motor Corp. said it was recalling 1.33 million Corolla and Matrix vehicles on Thursday, citing problems in engines' electronic control units that have allegedly led to three accidents.
-
Sounds like a Prius down the street
Toyota said Tuesday it will begin selling a noise-making device for its popular Prius hybrids in Japan that is designed to alert pedestrians when the quiet, gasoline-electric vehicle is approaching.
-
Fertilizer maker: 'Superior offers' coming
The board of directors of Canadian fertilizer manufacturer PotashCorp. told its shareholders Monday to reject a $38.6 billion hostile takeover bid from Australian mining company BHP Billiton, saying it's in talks with other parties about "superior offers."
-
Yen soars to 15-year high against dollar
The Japanese yen surged to a fresh 15-year high against the U.S. dollar Tuesday, after the Japanese government failed to say it would take steps to curb the currency's strength amid growing concerns about the pace of the recovery.
|
|
