Tag Archive | "business"

Euro keeps falling against the dollar after Greek election

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NEW YORK – It has been reported that the euro is falling against the dollar even after an election victory for pro-bailout parties in Greece means it’s more likely the country will stay in the euro. Traders are realizing that Europe’s debt crisis is far from over as Spain’s borrowing rates jump above 7 percent. [...]

Italy government speeds up business debts repayments

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MILAN (AP) – The Italian government is to free up to 30 billion euros ($38.25 billion) to make overdue payments to businesses that have supplied goods or services to state institutions. Prime Minister Mario Monti said the measures will “give fuel” to businesses and go some way to relaunch Italy’s stagnant economy. Delayed government payments [...]

Dollar increased against euro

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NEW YORK – Dollar is going well, it increased against euro. Fears that Greece will need to leave the single currency union is pushing the dollar to a four-month high against the euro. Greece will be holding another round of elections on June 17, after politicians failed to create a new government following an election [...]

Not a good week start for oil

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NEW YORK – It has been reported that the price of oil has declined to its low for the year on continued doubts about Europe’s ability to pay off massive government debts. Benchmark U.S. crude lost $1.57 to $94.56 per barrel in after noon trading in New York. It dipped to $93.65 per barrel earlier [...]

Pills filled with powdered human baby flesh discovered at South Korea customs

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NEW YORK – Thousands of pills filled with powdered human baby flesh have been discovered by South Korea custom officials. Those pills were in high demand because it is believed they can cure everything. The business starts from China where corrupted doctors are believed to be tipping off medical companies when some babies are aborted. [...]

Q1 loss for Lufthansa

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BERLIN – It has been reported that German airline Deutsche Lufthansa AG says it made a loss of €397 million ($521.3 million) during the first quarter. Lufthansa says it was unable to offset costs, particularly for fuel, with additional revenue during the quarter. The airline reported a net loss attributable to shareholders of €507 million [...]

US manufacturing is improving as oil prices increase

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NEW YORK – It has been reported that Oil prices increased Tuesday after growth in the U.S. and Chinese manufacturing sectors signaled more demand for energy products. The improvement for the world’s two largest economies offered some relief from persistent worries about the slowdown in Europe. Benchmark crude rose $1.29 to finish at $106.16 per [...]

Starbucks’ profit increased 18 percent in 2Q

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NEW YORK – It has been reported that Starbucks Corp. perked up its net income by 18 percent in its fiscal second quarter, as more customers visited its cafes around the world. The Seattle-based coffee chain says it earned $309.9 million, or 40 cents per share, for the three months ended April 1. That’s compared [...]

A growth pact is needed in Europe

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FRANKFURT, Germany – It has been reported that the European Central Bank head Mario Draghi gave a muted outlook for the European economy and called for a “growth compact” to restore lost competitiveness across Europe. Draghi’s remarks Wednesday follow a backlash in Europe against austerity and deficit measures that were introduced to help the 17 [...]

Apple sold 35M iPhones in 2Q

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NEW YORK – It has been reported that Apple is trumping skeptics once again by reporting blow-out iPhone sales. Apple says it sold 35 million iPhones in the quarter, almost twice as many as it sold a year ago and above analyst expectations. Apple shares were down before the report because investors believed phone companies [...]

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