Oil prices surge after Saudi air strikes in Yemen

Brent crude oil soared more than 4 percent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf.

Saudi Remains Committed To Supplying Market With Extra Oil If Needed: Official

Employer incentives for U.S. worker wellness programs set record

Employers have ratcheted up the financial incentives they offer workers to participate in wellness programs to a record $693 per employee, on average, this year from $594 in 2014 and $430 five years ago, found a report released on Thursday.

Job Fair Held In New York City

Shell to cut more UK North Sea jobs in 2015

Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.




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Fed's Bullard says zero U.S. rates no longer appropriate

James Bullard, President of the St. Louis Federal Reserve Bank, speaks during an interview with Reuters in Boston, Massachusetts August 2, 2013.

Federal Reserve policymaker James Bullard said on Tuesday that zero percent interest rates were no longing appropriate in the United States, and that a rate hike in the summer would still leave policy extremely accommodative.

Hyundai Motor targets 5 percent U.S. sales growth this year


South Korea's Hyundai Motor (005380.KS) aims to boost its U.S. sales by 4.7 percent this year, ahead of the industry's projected growth rate, despite a consumer shift to SUVs and pick-up trucks.

Oil falls under $55 after Saudi Arabia sticks to its guns


Oil prices fell further on Monday, with Brent dropping below $55 a barrel, after top exporter Saudi Arabia said it would only consider cutting output if other producers outside OPEC did so too.

Asian shares fueled by Wall Street's rise on weaker dollar

Stock Market

Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street.

China to reap Alibaba windfall as tightens up on tax

China-Based Internet Company Alibaba Debuts On New York Stock Exchange

China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group (BABA.N) who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection.


Adidas targets faster sales and profit growth from 2016

German sportswear firm Adidas announced plans to revolutionize the way it manufactures goods to speed up production and allow more customization of goods to help it accelerate sales and profit growth in the next five years.


Ford aims to triple exports from India with $1 billion plant

Ford Motor Co (F.N) has invested $1 billion in a new plant in western Indiawhich will help the automaker triple exports from the country, chief executive Mark Fields told reporters on Thursday.

Oil Refinery Plant

Brent oil rises as euro zone morale boost offsets oversupply concern

Brent oil prices firmed on Wednesday as business morale in the euro zone's top two economies improved, offsetting concerns about oversupply that has filled fuel storage tanks around the world.

Gas Station

Oil to reach $100 a barrel by end of 2016: Pickens

Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.


U.S. mortgage applications rise in latest week: MBA

Applications for U.S. home mortgages rose last week as interest rates dropped to their lowest level since February, an industry group said on Wednesday.


Airbus sells further 15 percent stake in Dassault Aviation

Airbus Group (AIR.PA) said it is selling a further 15 percent stake in business and fighter jet maker Dassault Aviation (AVMD.PA) as it continues to unwind its 16-year-old link to its defense market rival.

The outside of the London Stock Exchange building is seen in the City of London, March 7, 2005.

European shares dip but hold near highs after Ifo

European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving.

Oil Rigs

Oil rebounds towards $57 as weaker dollar overshadows China slowdown

Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.

Stock Exchange

Stock futures tick up ahead of data

U.S. stock index futures edged higher on Tuesday ahead of a data deluge including measures on inflation, home prices and sales, and factory activity.

Warren Buffett

Buffett tells foreign investors good profits to be made in U.S.

Berkshire Hathaway Inc Chief Executive Officer and Chairman Warren Buffett said on Monday the U.S. economy and investment climate are a tailwind for his companies' success and encouraged foreign investors to jump in too.

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