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Yahoo

Business - Fed`s Bullard: tight U.S. labor market may put upward pressure on inflation


U.S. labor markets are relatively tight and may put upward pressure on inflation, St. Louis Federal Reserve President James Bullard said on Thursday. `By nearly any metric, U.S. labor markets are at or beyond full employment,` Bullard said in an OMFIF lecture in Singapore. `In short, labor markets are relatively tight,` he said.


Thursday, May 26, 2016  11:26

Yahoo

Business - Brent oil breaks above $50 for first time in seven months


Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing. Oil prices have rallied in recent weeks as a string of outages, due in part to wildfires in Canada and unrest in Nigeria and Libya, knocked out nearly 4 million barrels per day of production. Above $50 a barrel, oil was seen by many market players as breaching a psychological barrier that could lead producers, particularly among U.S. shale companies, to revive operations scrapped in recent years.


Thursday, May 26, 2016  11:14

Yahoo

World - Global stocks higher on oil boost


KUALA LUMPUR, Malaysia (AP) — Global stock markets were mostly higher Thursday after oil prices hit $50 a barrel for the first time since November.


Thursday, May 26, 2016  11:05

Yahoo

Business - Exclusive: Wanda Commercial buyout offer delayed by regulator`s queries - sources


A plan by China`s richest man, Wang Jianlin, to take his Hong Kong-listed commercial property unit private is being held up by questions from the city`s market regulator, according to company insiders, delaying an announcement on the offer. Dalian Wanda Commercial Properties , whose shares have been halted since April 25, was expected to publish details of the proposed delisting as early as May 2, said two of the sources with direct knowledge of the plan. Wang is planning to delist the Hong Kong real estate vehicle and then relist it in Shanghai, hoping to benefit from higher valuations seen on the mainland.


Thursday, May 26, 2016  11:02

NYTimes

Africa - Last Liberia Sanctions, Vestige of Civil War, Are Lifted


A resolution by the United Nations Security Council to lift the remaining sanctions will enable Liberia to buy arms on the global market.


Thursday, May 26, 2016  05:35

Yahoo

World - Brent crude surpasses $50 a barrel for first time this year


Brent crude passed $50 a barrel for the first time in 2016 on Thursday after data showed a fall in US crude inventories, adding to expectations of a tightening global market. At around 0330 GMT, Brent North Sea crude for July delivery was up 33 cents at $50.07 a barrel while US benchmark West Texas Intermediate was trading 29 cents higher at $49.85. The gains came as markets digested news that US commercial crude oil inventories fell by 4.2 million barrels in the week to May 20, according to US Department of Energy data.


Thursday, May 26, 2016  05:19

Yahoo

World - New Zealand budget flags concerns over Brexit


New Zealand said Thursday its budget was in the black and predicted ongoing surpluses, but warned a British exit from the European Union could pose economic risks if it hit key exports like lamb and dairy. The former British colony was badly affected in the early 1970s when London joined the European market, slashing its access for crucial agricultural exports like dairy -- the country`s biggest export earner -- in a single stroke. Treasury papers released in Thursday`s New Zealand budget said the so-called Brexit was a factor that could derail the strong economic performance Wellington expects over the next few years.


Thursday, May 26, 2016  05:16

Yahoo

Business - HP Inc profit beats Street amid weak market for PCs, printers


(Reuters) - HP Inc , which houses the former Hewlett-Packard Co`s legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers.


Wednesday, May 25, 2016  23:50

BBC

America - Vancouver`s `freak show` property market


What`s going on in Vancouver`s property market?


Thursday, May 26, 2016  01:44

Yahoo

World - South Korea`s Park facing last chance to push through reforms, boost growth


By Jack Kim and Christine Kim SEOUL (Reuters) - Thwarted in the last parliament, South Korean President Park Geun-hye may be facing her last chance to push through a series of bills aimed at bolstering a flagging economy despite a legislature that will soon be in opposition control. Park, in the fourth year of a single five-year term, faces an uphill battle to pass legislation to loosen the notoriously rigid labor market, boost the services industry, and ease regulations to create jobs and growth in Asia`s fourth-largest economy. Despite a parliamentary majority, Park`s conservative Saenuri Party chose not to force through legislation to make the labor market more flexible, fearing public backlash over worries about job security.


Thursday, May 26, 2016  08:43

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