Bloomberg Business: Tech Startups Bloom in Gulf as States Try Diversifying From Oil
Copyright 2015 Bloomberg. NKWRUJ6K50XS (Bloomberg) — By day, Farah Al Qaissieh is employed at a government agency in the United Arab Emirates. By night, she works as chief executive officer of her fledging company, Xenia. She got there with help from Abu Dhabi, the richest of the seven sheikdoms of
Bloomberg Business: Oil Giants in Europe Use Trading Prowess to Profit From Slump
Copyright 2015 Bloomberg. NL24QW6JIJUU (Bloomberg) — Europe’s largest oil companies are gaining support from an unlikely source as they confront the industry’s worst slump since the financial crisis: lower oil prices. Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total
Bloomberg Business: BP Labors to Cast Doubt on Gulf Spill Study It Dislikes: Energy
Copyright 2015 Bloomberg. NL2Q3T6KLVRC (Bloomberg) — BP Plc has apologized again and again for the 2010 Gulf of Mexico oil spill. Lately the company has been sounding less remorseful. Take a look at “The Whole Story.” It’s a web page operated by the London-based company that regularly addresses what BP calls
Bloomberg Business: Gold Holds Near Three-Month Low as Dollar Climbs on Rate Outlook
Copyright 2015 Bloomberg. NL0U966K50XU (Bloomberg) — Gold traded near the lowest level in three months after the dollar strengthened to a decade-high on expectations that the Federal Reserve will raise U.S. interest rates as the world’s largest economy improves. Bullion for immediate delivery was at $1,163.55 an ounce at 8:18 a.m.
Bloomberg Business: USDA Makes Surprise Cuts to Corn, Wheat Stockpiles Outlook
Copyright 2015 Bloomberg. NL111W6KLVR9 (Bloomberg) — The U.S. government made surprise cuts to its outlook for global corn and wheat stockpiles amid signs of improving grain demand. The forecast for world corn stockpiles was smaller than the lowest prediction in a Bloomberg survey of 16 analysts, a U.S. Department of Agriculture
Bloomberg Business: Korean Air Former Executive Sued in U.S. Over Madacamia Nuts Row
Copyright 2015 Bloomberg. Kyunghee Park (Bloomberg) — Heather Cho, the Korean Air Lines Co. executive who quit after a public outcry involving her treatment of a flight attendant serving macadamia nuts, was sued by the crew member for emotional distress. Kim Do Hee, the flight attendant who offered Cho the
Bloomberg Business: Dollar Extends Jump on Rate Outlook; Asia Stocks Pace U.S. Gains
Copyright 2015 Bloomberg. NKYZVC6K50YB (Bloomberg) — The dollar extended gains, reaching a three- month high versus the yen, amid mounting speculation U.S. interest rate increases will be brought forward. Asian stocks followed U.S. shares higher, and copper futures climbed. The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 major
Bloomberg Business: Obama Blasts Republicans Over Letter to Iranian Leadership
Copyright 2015 Bloomberg. NKZ5696K50YJ (Bloomberg) — The Obama administration denounced a letter sent by 47 Republican U.S. senators to political leaders in Iran as an attempt to undermine the president on a foreign policy matter for political purposes. The open letter addressed to the leaders of the Islamic Republic warned that
Bloomberg Business: Branson’s Virgin Atlantic Returns to Profit Underpinned by Delta
Copyright 2015 Bloomberg. NKYEI46JTSEV (Bloomberg) — U.K. billionaire Richard Branson’s Virgin Atlantic Airways Ltd. posted its first annual profit since 2011 following a two-year revival plan underpinned by collaboration with U.S. shareholder Delta Air Lines Inc. Pretax profit before one-time items was 14.4 million pounds ($22 million) in 2014, compared with
Bloomberg Business: Greece, U.S. Retail Sales, Apple Watch: Week Ahead March 9-14
Copyright 2015 Bloomberg. NKWZLG6TTDVY (Bloomberg) — Euro-area finance ministers gather in Brussels, with Greece’s bailout program expected to be on the agenda. The country needs to refinance or repay $7.2 billion in debt or interest this month, according to Bloomberg data. The European Central Bank begins its $1.2 trillion sovereign-bond purchase
