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Oil ends 2015 down 35 percent; long, painful hangover seen

January 3, 2016 by · Leave a Comment 

NEW YORK/LONDON (Reuters) – Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may …

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Oil ends 2015 down 35 percent; long, painful hangover seen

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Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei

January 3, 2016 by · Leave a Comment 

European planemaker Airbus has won a deal to sell three A380 superjumbo jets to Japan's biggest carrier ANA Holdings Inc in a deal valued at about 150 billion yen ($1.25 billion), the Nikkei reported. Orders for Airbus A380s have dried up in recent years reflecting a fundamental shift in…

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Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

December 31, 2015 by · Leave a Comment 

KaloBios Pharmaceuticals Inc, a biotechnology company that fired Chief Executive Martin Shkreli earlier this month after his arrest on charges of securities fraud, filed for Chapter 11 bankruptcy on Tuesday. The filing comes weeks after KaloBios received financing from Shkreli to avert closing down, only to have those plans upended by his arrest. Shkreli was arrested on Dec 17 for engaging in what U.S. prosecutors said was a Ponzi-like scheme at his former hedge

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

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Oil ending 2015 how it began – on the skids

December 31, 2015 by · Leave a Comment 

By Wayne Cole SYDNEY (Reuters) – Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016. The relentless decline in oil hit currencies of commodity-rich countries including the Russian rouble, Canadian dollar, Norwegian crown, Brazilian real and Mexican peso. While cheaper fuel is a boost to consumer spending power in much …

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Oil ending 2015 how it began – on the skids

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Japan November output falls as soft global demand clouds outlook

December 28, 2015 by · Leave a Comment 

By Leika Kihara TOKYO (Reuters) – Japan's factory output fell for the first time in three months in November, data showed on Monday, a sign that weak emerging market demand continues to cloud prospects for a sustained recovery in the world's third largest economy. Industrial output fell 1.0 percent in November from the previous month, more than

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Japan November output falls as soft global demand clouds outlook

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Asia shrugs off losses, Aussie spikes on jobs data

November 12, 2015 by · Leave a Comment 

By Lisa Twaronite TOKYO (Reuters) – Asian shares shrugged off early losses as crude oil prices pulled away from their overnight lows, while the Australian dollar grabbed the spotlight and surged after a much stronger-than-expected employment report. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6 percent, erasing its early modest losses. The S&P/ASX 200 index was down

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Asia shrugs off losses, Aussie spikes on jobs data

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Honda drops Takata air bag inflators after U.S. fine, ban on volatile chemical

November 4, 2015 by · Leave a Comment 

TOKYO/WASHINGTON (Reuters) – Honda Motor Co said it was ditching air bag inflators made by Japan's Takata Corp , after the top U.S. auto safety regulator on Tuesday fined the supplier $70 million and ordered it to stop using…

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Honda drops Takata air bag inflators after U.S. fine, ban on volatile chemical

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