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Yahoo

Business - Oil rallies as Canada fire and Libya violence threaten supply


A huge wildfire near Canada`s oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday. Brent crude futures rose $1.19 on the day to $45.81 a barrel by 0845 GMT, while U.S. West Texas Intermediate (WTI) futures rose $1.45 to $45.23. `The difference today compared with a year ago is the market is starting to price in supply disruptions, whereas in a market that is totally oversupplied, you don`t care about losing half a million barrels a day (in production),` Petromatrix strategist Olivier Jakob said.


Thursday, May 05, 2016  10:20

Yahoo

World - Markets Right Now: European markets gets some respite


LONDON (AP) The Latest on developments in financial markets (all times local):


Thursday, May 05, 2016  10:02

Yahoo

Business - U.S. jobless claims rise; planned layoffs surge


The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market. Another report on Thursday showed a 35 percent surge in planned layoffs by U.S.-based employers last month. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 274,000 for the week ended April30, the Labor Department said.


Thursday, May 05, 2016  14:29

Yahoo

Business - U.S. jobless claims post largest rise in more than a year


The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 274,000 for the week ended April 30, the Labor Department said on Thursday. Economists polled by Reuters had forecast initial claims rising to 260,000 in the latest week.


Thursday, May 05, 2016  13:53

NYTimes

Asia-Pacific - KFC, With New Nail Polish, Redefines Chicken Fingers


As part of a marketing campaign in Hong Kong, the chicken chain is offering lickable, edible nail polish in two flavors: Original, and Hot and Spicy.


Thursday, May 05, 2016  12:59

Yahoo

Business - Europe shares, oil snap four-day losing streaks


European stocks and oil prices snapped a four-day losing streak on Thursday and a rally in bond markets fizzled out as investors began to position themselves for U.S. jobs data. The pan-European FTSEurofirst 300 index , which had fallen 1.2 percent to its lowest level in nearly a month in the previous session, rebounded 0.3 percent as firmer oil prices helped lift the region`s big producers. Prime Minister Shinzo Abe said on Wednesday that Japan would act if necessary to weaken the yen, while the dollar has been supported by data which has fanned optimism that the U.S. economy could bounce back after nearly stalling this year.


Thursday, May 05, 2016  10:20

Yahoo

World - World stocks drift as investors avoid risk, await job data


HONG KONG (AP) World stock markets were uneven Thursday as investors hesitated to take risky bets as they awaited a key U.S. jobs report following a batch of mixed economic data.


Thursday, May 05, 2016  10:20

CNN

Market - Cheap oil is crushing Middle Eastern countries


Saudi Arabia, Qatar and Iran count on oil exports. But oil in the current $40 to $50 range is already below the break-even point for many Middle Eastern nations.


Thursday, May 05, 2016  03:43

CNN

Market - Betting against Tesla, Trump will win and more tips from superstar investors


Hedge fund managers gathered in Manhattan on Wednesday to hear the best ideas from famed investors like Jim Chanos. The highlights include a prediction that Donald Trump will win the White House and pile on lots more debt and a big bet against Tesla and Elon Musk.


Thursday, May 05, 2016  02:47

Yahoo

Business - China`s car buyers seek more room, comfort; boost for `minivans`


By Norihiko Shirouzu BEIJING (Reuters) - Even as Chinese car buyers feed a boom in crossovers and sport utility vehicles (SUVs), automakers are looking ahead to the likely `next big thing` and reckon affordable people-carriers, or multi-purpose vehicles (MPVs), could be it. Shifts towards electric cars in many cities, potential breakthroughs in autonomous, self-driving technology and lifestyle changes with the relaxation of China`s one-child policy pose challenges for product planners in the world`s largest autos market. ...


Thursday, May 05, 2016  02:29

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