UNITED STATES

IBTimes Logo

PetroChina, Sinopec to get price hikes boost in Q2

China's top oil refiners are set to reveal a surge in quarterly earnings on the back of fuel price increases and lower oil prices, reaping the benefits six months after Beijing shifted to more liberal fuel pricing.

Stock futures rise after China rally

IBTimes Logo
Stock index futures edged higher on Thursday following a rally in Chinese equities and ahead of data expected to show a dip in jobless claims after a surprise increase in the prior period.

New jobless claims unexpectedly rise last week

IBTimes Logo
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, as companies continued to cut payrolls amid uncertainty over the economic outlook.
IBTimes Logo

Ahmadinejad dismisses Iran gasoline sanctions talk

President Mahmoud Ahmadinejad shrugged off on Thursday the impact of any sanctions targeting Iran's gasoline imports and suggested it would soon be able to meet its own needs, Iranian media reported.
More news
IBTimes Logo

Sears posts surprise loss as housing woes weigh

Sears Holding Corp reported a quarterly loss on Thursday instead of the profit Wall Street was expecting as the retailer struggled to cut costs to keep up with falling revenues, and its shares fell nearly 13 percent.
IBTimes Logo

Oil falls towards $72 after surge on recovery doubts

Oil prices eased toward $72 a barrel on Thursday, after rising more than 4 percent in the previous session, as optimism faded about the pace of demand recovery in the world's top consumer the United States.
IBTimes Logo

Southwest CEO says still eyeing acquisitions: report

U.S. low-cost carrier Southwest Airlines , which lost a bid to buy Frontier Airlines Holdings Inc , may look for another acquisition but would continue to carry conditions with any bid, its chief executive Gary Kelly told the Wall Street Journal in an interview.
IBTimes Logo

BBVA expected to win Guaranty auction: sources

Banco Bilbao Vizcaya Argentaria , Spain's second-largest bank, is expected to win a government-run auction of troubled Texas lender Guaranty Financial Group Inc , sources familiar with the situation said on Wednesday.
IBTimes Logo

Stock futures signal gains; eyes on commods

Stock index futures pointed to a higher open on Wall Street on Thursday, mirroring gains in Europe as well as Asia, where Shanghai stocks rebounded from a sharp two-week selloff, and on rallying commodity prices.
IBTimes Logo

Oil steady above $72 after 4 pct surge; eyes US data

Oil was steady above $72 a barrel on Thursday, after rising more than 4 percent the previous day, buoyed by industry data showing a steep drop in crude imports and stockpiles in top consumer the United States.
IBTimes Logo

Shanghai stocks rebound 4 percent, drive Asia gains

Chinese shares clawed higher on Thursday after a two-week sell-off, giving a boost to Asian stock indexes and commodities even as many investors remained worried that the Shanghai slide may have more room to run.
IBTimes Logo

Ahold reports Q2 profits above forecasts

Dutch supermarket group Ahold reported second-quarter operating profit above forecasts on Thursday, helped by cost controls even as the retail environment continues to reflect weak economic conditions. Second-quarter earnings before interest and taxes (EBIT) rose 25.5 percent to 295 million euros, compared with the 276 million euros projected by analysts and 235 million euros a year earlier.
IBTimes Logo

Price hikes to boost PetroChina, Sinopec Q2

China's top oil refiners are set to reveal a surge in quarterly earnings on the back of fuel price increases and lower oil prices, reaping the benefits six months after Beijing shifted to more liberal fuel pricing.
IBTimes Logo

Nikkei up, boosted by resources and China

Japan's Nikkei stock average on Thursday climbed from a three-week closing low, buoyed by resource shares after crude oil surged and by rekindled recovery hopes, with a rebound in Chinese shares also giving a lift.
IBTimes Logo

Former regulator Lockhart heads to WL Ross

James Lockhart, who earlier this month said he would resign as the U.S. regulator overseeing mortgage finance companies Fannie Mae and Freddie Mac , will become vice chairman of a distressed investment group at Invesco Ltd , the company said on Wednesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.