Posts Tagged ‘global markets’

Topsy-turvy stock market continues

NEW YORK — The stock market’s turbulent ride is set to continue. Stock futures fell sharply today, a day after major indexes posted their biggest gains in more than a year. Excitement over the European Union’s nearly $1 trillion rescue program to support debt-burdened countries faded. Investors have begun to again focus on the health […] [...]

Oil prices rise to more than $84 a barrel

by Published: April 29,2010

Tags: global markets, oil prices

Oil prices rose above $84 a barrel today, though gains were tempered by signs of weak U.S. crude demand and an escalating European debt crisis. By early afternoon in Europe, benchmark crude for June delivery was up 97 cents to $84.19 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose […] [...]

IMF forecasts better-than-expected growth

by Published: April 21,2010

Tags: global markets, recession

WASHINGTON — The International Monetary Fund says the global economy, after enduring a crippling recession, should see better-than-expected growth this year, led by strength in China and other developing nations. In an updated economic outlook, the IMF forecast that the world economy would expand 4.2 percent this year, faster than its previous projection and a […] [...]

Overseas drinkers boost Coca-Cola’s profit

by Published: April 21,2010

Tags: global markets, retail

NEW YORK — Coca-Cola Co.’s first-quarter profit climbed 19 percent as the world’s largest drink maker continued to expand rapidly overseas. That offset persistent weakness in the U.S. as shoppers skimped on buying soda, water, juices and teas. The results were weaker than analyst expectations. The company earned $1.61 billion, or 69 cents per share, […] [...]

Chinese Microsoft plants violate labor policies

by Published: April 19,2010

Tags: computers, global markets, labor, manufacturing, pay, salaries

GUANGZHOU, China — Two factories that make Microsoft Corp. products in southern China violated overtime regulations and failed to properly register the use of workers aged 16 to 18, a monitoring group said Monday. The problems at the plants in the city of Dongguan were initially raised last week by the National Labor Committee, a […] [...]

Avon executives given leave during bribery investigation

by Published: April 14,2010

Tags: bribery, cosmetics, global markets, retail

NEW YORK — Beauty products seller Avon Products Inc. said Tuesday it has put four executives on administrative leave as part of an investigation of bribery allegations that started in China. Shares fell $2.23, or 6.4 percent, to $32.53 in midday trading. The stock has traded between $20.63 and $36.39 during the past 52 weeks. […] [...]

Brazilian ambassador visiting Capital City

by Published: April 12,2010

Tags: global markets, international relations

JACKSON — The top Southeast-based diplomat of South America’s largest country and one of the world’s largest economies will speak April 15 at the Executive Lecture Forum in Jackson. “U.S.-Brazil Economic Cooperation: Business Opportunities in Brazil” is the title of a luncheon presentation by Ambassador Adalnio Senna Ganem, consul general of Brazil to Atlanta. As […] [...]

China to boost value of currency

SHANGHAI, China — For months, economists have expected Beijing to start boosting the value of its currency about now to ease strains in its fast-growing economy. The big question: Would Chinese leaders put off changes to avoid looking weak in the face of mounting U.S. pressure for action? Washington has helped to defuse that conflict […] [...]

U.S., Brazil strike deal to settle ‘cotton dispute’

WASHINGTON — United States trade representative (USTR) Ron Kirk and Secretary of Agriculture Tom Vilsack announced that the United States and Brazil have agreed upon a path toward a negotiated settlement with Brazil over the cotton dispute. The cotton dispute is a long-running issue brought by Brazil against the United States. In 2005 and again […] [...]

Chinese steelmakers in price talks

SHANGHAI — A state-affiliated industry group vowed today to tighten control over iron ore trading as Chinese steelmakers discussed strategy for contentious price talks with global miners — the backdrop to last month’s commercial spying and bribery convictions of four Rio Tinto employees. The China Iron & Steel Association gathered representatives of major mills at […] [...]

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