Former Shell Oil CEO John Hofmeister's prediction a fortnight ago that retail gasoline prices would hit $5 per gallon by 2015 has gone viral since then, drawing attention largely on the U.S. drilling policies but also spooking consumers and polarizing analysts in the process.
The U.S. employment situation might be seeing better times, according to figures released in the latest ADP Employment Report for December, which showed a rise for the second consecutive month
Futures on major U.S. indices pared earlier losses on Wednesday after ADP reported that private-sector employment recorded the largest monthly gain in December.
Futures on major U.S. indices point to a lower opening on Wednesday as investors eye on economic data including ADP national employment report and ISM non-manufacturing index.
Inflation might not be China's biggest concern in 2011, as many experts believe, an economist at Capital Economics said in a note.
The U.S. economy is on course to a self-sustaining recovery in 2011, aided by the private sector’s return to health and a further injection of fiscal stimulus, IHS Global Insight has said.
World’s largest drug maker Pfizer has moved the court against Dr Reddy’s Laboratories seeking a delay in launching the Indian drug maker’s low-cost version of atorvastatin, the world’s best-selling medicine, in the US market.
Futures on major U.S. stock indices point to a higher opening on Tuesday with futures on the S&P 500 up 0.26 percent, futures on the Dow Jones Industrial Average up 0.33 percent and Nasdaq100 futures up 0.16 percent.
The change of guard in Brasilia at the turn of the new decade could also mark a shift in Brazil’s long-entrenched policy to go with China on monetary policy issues.
The U.S. Government had doubts that the German Free Democratic Party would be a reliable partner in combating terrorism on the Internet, according to cables made public by Wikileaks, and after the elections some officials felt those doubts were vindicated
Economic activity in the U.S. manufacturing sector continued to grow for the 17th consecutive month during December, according to a survey report on Monday.
US stocks advanced in early trade on Monday, the first trading day of 2011, on speculation that the economic recovery will continue after stocks ended with double digit gains in the previous year.
South Africa is about to join the Brazil, Russia, India and China (BRIC) grouping and will attend the first summit of the leading emerging economies in April this year, but doubts remain over the suitability of the African nation to be in the exclusive club of the fast-growing economies.
India’s trade body National Association of Software and Services Companies (Nasscom) has refuted public perception in the US that outsourcing jobs to India are contributing to job losses for US companies and that free trade agreements were responsible for America’s current economic woes.
The XB-70 Valkyrie was much more than an exhibit at the National Museum of the US Air Force, Ohio. It was a unique concept turned to realty, pushing all the horizons of aeronautical engineering.
Many economists believe that US economy will continue to grow around 3.5 percent in 2011, led by pickup in consumer and business spending. The extension of Bush-era rate cuts will add moderately to GDP growth, while at the same time as increasing the budget deficit.
Futures on major U.S. indices point to modestly lower opening on Friday, the last trading day of 2010.
US stocks modestly lower in early trade on Thursday despite the Department of Labor reported that weekly jobless claims fell sharply last week.
Applications for jobless benefits in the U.S. fell sharply for the week ended Dec. 25, recording a decline for four consecutive weeks.
American Airlines has seen a year-over-year increase in its overall ticket sales after it pulled its schedules and airfares details for American Airlines and American Eagle flights from Orbitz.com last week.
Futures on major U.S. indices point to modestly lower opening on Thursday ahead of key weekly U.S. jobs data and pending home sales report.
The US Congress has banned ''silent'' vehicles to improve safety for pedestrians, cyclists and other road users.
