Category Archives: business

South Korea lowers outlook on weak private sector

By YOUKYUNG LEE, AP Business Writer SEOUL, South Korea (AP) — South Korea lowered its growth forecast for next year, citing persistently weak sentiment among consumers and businesses. But the government predicted that overall economic conditions will improve from this year thanks to government measures, recovery in the U.S. economy and the fall in oil prices. Continue reading

Mexico competition watchdog signs off on AT&T’s Iusacell buy

MEXICO CITY (NEWS.GNOM.ES) – Mexico’s competition regulator on Sunday approved AT&T Inc’s $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said. The Federal Competition Commission said it set conditions on the deal to “avoid risks to the process of competition” in markets where Iusacell would compete with Carlos Slim’s America Movil, which previously counted AT&T as a minority investor. America Movil is Mexico’s biggest mobile operator, while Iusacell is a distant third. Continue reading

Asian shares, dollar stand tall in thin trade

By Lisa Twaronite By Lisa Twaronite TOKYO (NEWS.GNOM.ES) – Asian shares and the dollar began a holiday-shortened week on a strong footing on Monday, with the euro testing two-year lows against the greenback on divergent monetary policy expectations. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 percent in early trade, while Japan’s Nikkei stock average was up 0.4 percent ahead of a Japanese holiday on Tuesday Continue reading

Police officers’ slaying raises pressure on New York mayor

By Laila Kearney and Edward McAllister By Laila Kearney and Edward McAllister NEW YORK (Reuters) – New York Mayor Bill de Blasio faced the biggest crisis of his political career on Sunday after a gunman killed two police officers in an attack intended to avenge recent police killings of unarmed black men in the United States. New York police officers turned their backs on de Blasio in protest during a news conference and their union said the mayor had blood on his hands after Saturday’s shooting. Continue reading

Flying back on course: the inside story of the new Airbus A350 jet

By Tim Hepher By Tim Hepher PARIS (NEWS.GNOM.ES) – Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course. Continue reading

In wake of police killings, New York officers on edge

By Michelle Conlin By Michelle Conlin (Reuters) – On December 13, as thousands of protesters mobbed the New York streets, Yuseff Hamm, an NYPD police officer, was monitoring the demonstrations from a mobile command unit near the Brooklyn Bridge. As the protest drew near, Hamm and his fellow officers could hear the chants of the noisy throngs:  “What do we want Continue reading

China stock connect scheme scorecard throws up surprises

By Saikat Chatterjee By Saikat Chatterjee HONG KONG (NEWS.GNOM.ES) – A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors. The authorities had hoped mutual and pension funds and private banks would form the bedrock of the Shanghai-Hong Kong stock connect. But early trade volumes in the program launched in mid-November were completely dominated by hedge funds and banks’ proprietary trading desks, according to five traders at some of the biggest brokerages participating in the scheme. Continue reading

Protester takes perch on St. Peter’s façade

Italian entrepreneur Marcello di Finizio talks on the phone as he stands on the facade of St. Peter’s Cathedral at the Vatican, Sunday, Dec. Continue reading

U.S. gas prices fall to lowest since May 2009: Lundberg survey

By Ryan Vlastelica By Ryan Vlastelica NEW YORK (NEWS.GNOM.ES) – The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday. Prices for regular-grade gasoline fell to $2.47 a gallon in the survey dated Dec. 19, down 25 cents since the previous survey on Dec. Continue reading

Popess role in Cuba deal fractures Cuban-American flock

By MATT SEDENSKY MIAMI (AP) — The key role Pope Francis played encouraging talks between Presidents Barack Obama and Raul Castro left fractures among his flock in South Florida, where many older Roman Catholics equate the Castro brothers with the devil. Continue reading