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HuaweiThe pace of US auto sales will hover around 14.5 million vehicles in May, spurred by sales of cars and crossovers as the Japanese automakers bounce back from last year’s earthquake-related vehicle shortages, analysts said.
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BAGHDAD - Iraq awarded only one out of six new oil and gas blocks to foreign companies on Wednesday after tough contract terms dampened interest during a 4th energy bidding round the Opec-member hoped would further expand its energy sector.
The head of the World Trade Organization on Thursday warned that creeping accumulation of protectionist policies across the world’s 20 major economies had hit 4 percent of the group’s trade.
The cost of US healthcare services is expected to rise 7.5 percent in 2013, more than three times the projected rates for U.S. inflation and economic growth, according to an industry research report released on Thursday.
Gold rose above $1,565 an ounce on Thursday as soft US first-quarter growth and weekly jobless claims data pressured the dollar, but this month’s sharp drop in the euro kept the metal on track for its worst May performance in 30 years.
US stocks were set for a slightly lower open on Thursday, after data pointed to an economy that may have stalled while investors grapple with the euro zone’s debt crisis.
India’s economy grew a lower-than-expected 5.3 percent in the final quarter of the fiscal year, data showed on Thursday, piling pressure on the embattled government.
RIYADH - Almarai may raise as much as 1.3 billion riyals ($347 million) from the sale of Islamic bonds as Saudi Arabia’s largest food producer by market value seeks financing to increase production and make acquisitions.
Asian and European stock markets dived on Wednesday and the euro hit a new 22-month dollar low on mounting concerns over a potential Spanish bailout, dealers said.
Spanish debt yields jumped and shares in Bankia plunged to record lows on Monday after the government, struggling to sort out its finances, put forward a plan to revive its fourth-largest lender involving more public debt.