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U.S. producer prices post first drop in seven months

Apr 13, 2017 02:24 PM EDT
U.S. producer prices fell in March for the first time in seven months, weighed down by a drop in the cost of services and energy products, but thelargest annual increase in five years suggested inflation was rising.

Oil From the U.S. and Saudis: Top Buyers Get What They Want

Apr 13, 2017 02:19 PM EDT
Buyers in the world's biggest oil market are finding they can almost always get what they want, at a time when they weren't expected to get what they need.

Deeper Capital Markets Hold Key to Asia's $800 Billion Question

Apr 13, 2017 02:14 PM EDT
Here's how emerging Asia can unlock $800 billion in extra funding per year, McKinsey & Co. says: by developing deeper capital markets.

China Exports Jump the Most in Two Years as Imports Moderate

Apr 13, 2017 02:01 PM EDT
China's overseas shipments last month jumped the most in two years as global demand held up. Imports moderated after a holiday-season surge in February and the trade balance rose.

Planning For Output Cap in Oil Production Amid Rising Oil Prices Surprises Analysts

Apr 28, 2016 06:20 PM EDT
Oil futures in Asian trade has tumbled in early trade on Wednesday following profit taking amid growing concern over a larger-than-expected build in U.S. crude stocks. The US crude stock has apparently overweighed a report that Russia and Saudi Arabia have reached an agreement on an oil output cap.

Five Large US Banks Do Not Have Sufficient Plan for Crisis Due to Lack of Information

Apr 28, 2016 06:16 PM EDT
Government Accountability Office (GAO) published its report on Tuesday. The agency said large banks in the US do not have sufficient information how US financial regulators evaluate their crisis plan. Therefore, GAO suggested regulators to publish more information.

IMF and World Bank Started Annual Spring Meeting To Discuss Global Economy

Apr 28, 2016 06:13 PM EDT
Leaders of the world's economy in IMF and World Bank has started their annual meeting on Thursday. The leaders are discussing ways and other necessary steps to boost growth and consumption.

LivingSocial Cuts Jobs By 50% While Focusing On Card Linking Discount Business

Mar 21, 2016 11:46 AM EDT
LivingSocial Inc., the Washington based online market place, has announced on Tuesday, laying-off 160 employees including 85 in the Washington. The ecommerce platform has also planned shutting down its customer services operations in Tucson, Arizona over the next two months accounting for a further 120 people. Thus the total number of lay off reaches to 280, which addresses for 50%-60% of its total workforce.

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