Bloomberg Business: Brazil Pledges Anti-Corruption Moves After 1 Million Hit Streets
Copyright 2015 Bloomberg. NLA4EB6KLVRH (Bloomberg) — Brazil’s government will present a package of anti-corruption measures after more than 1 million people, some of them calling for President Dilma Rousseff’s impeachment, took to the nation’s streets Sunday. Rousseff will deliver the package within days, Secretary General Miguel Rossetto and Justice Minister Jose
Bloomberg Business: Dollar Holds Jump on U.S. Rate Outlook While Oil Extends Selloff
Copyright 2015 Bloomberg. NLA0PJ6JIJUP (Bloomberg) — The dollar maintained its rally, trading near a 12-year high versus the euro as investors considered the timeline for higher U.S. interest rates ahead of this week’s Federal Reserve meeting. Crude oil extended its slump. The greenback was at $1.0498 per euro by 8:16 a.m.
Bloomberg Business: U.S. Refinery Strikes Drag On Even With National Accord Reached
Copyright 2015 Bloomberg. NL4F8F6K50XW (Bloomberg) — United Steelworkers members on strike at some oil refineries across the U.S. will remain off the job until they receive offers that match up with a national deal reached Thursday, a union representative said. USW members at Tesoro Corp.’s Carson oil refinery in California have
Bloomberg Business: Egypt Town Groomed for Investors as Bombs Explode Elsewhere
Egypt Town Groomed for Investors as Bombs Explode Elsewhere Copyright 2015 Bloomberg. NL4DP76VDKHT (Bloomberg) — As small bomb attacks struck Cairo and cities across Egypt in the past two weeks, Sharm El Sheikh was being beautified in readiness for the money men. The Red Sea resort will host an investor
Bloomberg Business: More Coal Cuts Seen Ahead as Demand for Steel Slows: Commodities
Copyright 2015 Bloomberg. NL4C4M6TTDS8 (Bloomberg) — In the last year, mining companies eliminated about 15 million tons of production capacity for the coal used to make steel, while outlining plans to double those cuts in the near future. It won’t be near enough. That’s the determination of Chief Executive Officer Don
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
