Search Results for: oil prices

oil-naira-drag-on-nigeria

Oil, naira drag on Nigeria

Nigeria's economy had been motoring. But weaker oil prices and a slide in the currency has forced the government to trim expenditure. Economic growth for 2014 is now seen at 5.5 percent down from a Feb 18, 2015
hong-kong-property-hits-record-high

Hong Kong property hits record high

Hong Kong's Peak is home to some of the world's most coveted real estate, and a new sale has brought the city's gravity-defying residential prices into focus. (SOUNDBITE) (English) REUTERS REPORTER, Feb 18, 2015
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Hong Kong's Peak is home to some of the world's most coveted real estate, and a new sale has brought the city's gravity-defying residential prices into focus. (SOUNDBITE) (English) REUTERS REPORTER, Feb 17, 2015
coffee-sinks-smuckers-profit

Coffee sinks Smucker's profit

Coffee has become acidic for J.M. Smucker. Its retail coffee sales, primarily its Folgers brand, fell again in the latest quarter. As a result, the company's sales and profit fell. It hiked prices Feb 13, 2015
indias-retail-inflation-accelerates-in-january-but-stays-below-rbis-target

India's retail inflation accelerates in January, but stays below RBI's target

New Delhi, Feb 13 (ANI): India's retail inflation accelerated in January after shifting to a new base year for calculating prices, but stayed well below the Reserve Bank of India's (RBI) target, bolstering prospects for further interest rate cuts. Consumer prices rose an annual 5.11 percent compared with a 4.28 percent gain in December, the statistics department said on Thursday (February 12) after it changed the base year for measuring inflation to 2012 from 2010. Under the old series, inflation was reported at 5 percent in December. The revamped index carries a higher weight for education and health services, but has a lower weight for food and fuel items, which authorities say better reflects changing consumption patterns. The RBI aims to keep inflation at or below 6 percent in the period to January 2016 and is widely expected to resume its monetary easing after Finance Minister Arun Jaitley presents his annual budget on February 28. Feb 13, 2015
gas-savings-stay-in-consumers-pockets

Gas savings stay in consumers' pockets

It should have been a slam dunk for retailers - massive savings at the pump - gas prices are down almost 40 percent since June setting up what many thought would be a rebound after a weak December for Feb 13, 2015
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