Archive for May 28th, 2008

U.S. home prices fall in March

Wednesday, May 28th, 2008

Home prices in 20 U.S. metropolitan areas fell in March by the most in at least seven years, said a report released Tuesday. The S&P/Case-Shiller home-price index dropped 14.4 percent from a year earlier, more than forecast and the ...

Wall Street moderately higher amid mixed economic data

Wednesday, May 28th, 2008

Wall Street advanced moderately Tuesday amid mixed economic data. The U.S. Commerce Department reported that sales of new homes rose 3.3 percent in April to a seasonally adjusted rate of 526,000 units, comparing with sales falling 1 ...

Rice falls to daily limit for 2nd time

Wednesday, May 28th, 2008

Rice futures tumbled by their daily limit for the second session as producers eased export bans, alleviating concerns that global supplies will fail to meet demand. Cambodian Prime Minister Hun Sen announced that an export ban has been l ...

Costly corn pushes up beef prices

Wednesday, May 28th, 2008

Enjoy your next steak, because prices from Shanghai to San Francisco are only going up. The highest corn prices since at least the US Civil War, based on Chicago Board of Trade data, mean US feedlots are losing money on every animal they ...

US slowdown spooks SMEs

Wednesday, May 28th, 2008

A possible economic recession in the United States is creating anxiety among small and medium-sized enterprises (SMEs) in Asia, a survey by UPS showed yesterday. While 38 percent of the SMEs surveyed on the mainland are worried about the ...

Stocks slide for third day in European markets

Wednesday, May 28th, 2008

European stocks fell for a third day, led by manufacturers, steelmakers and homebuilders on concern that rising oil prices will drag down corporate earnings. US index futures were mixed, while shares in Asia gained. Porsche SE, the maker ...

Russia raises natural gas supply to Turkey

Wednesday, May 28th, 2008

Russia's gas giant Gazprom raised daily natural gas supply to Turkey on Tuesday, the semi-official Anatolia news agency reported. Gazprom raised the amount of natural gas transferred to Turkey to 30 million cubic meters per day, a s ...

Berlin int’l air show opens

Wednesday, May 28th, 2008

Berlin international air show opened on Tuesday with fuel efficiency and alternative fuels expected to be the focus of interest. The so-called ILA air show has attracted more than 1,100 exhibitors from nearly 40 countries this year. ...