Jan 26, 2015

Making the most of cheaper oil

The steep fall in crude oil prices has certainly benefited consumers, but Japan needs to develop a wise energy policy that shields it from the vagaries of oil-price fluctuations over the long term.

Death of Saudi king unsettles oil market; prices waver

Jan 24, 2015

Death of Saudi king unsettles oil market; prices waver

Oil prices rose initially on news of the death of Saudi Arabia’s powerful King Abdullah, but the increase was moderate and short-lived. The king’s death is unlikely to lead to a change in the kingdom’s immense crude production or change the course of oil ...

Jan 1, 2015

Stocks head lower on last trading day of 2014

U.S. stocks headed lower on the final day of 2014, but the market is still on pace for its sixth consecutive year of gains. KEEPING SCORE: The Dow Jones industrial average fell 67 points, or 0.4 percent, to 17,916 as of 2:39 p.m. Eastern ...

Dec 30, 2014

Obama: Sanctions have worked against Russia aggression

Strategic and tough sanctions against Moscow have effectively battled Russian President Vladimir Putin’s aggression in Ukraine, U.S. President Barack Obama said in an interview broadcast Monday. Obama recalled how Putin had convinced many in Washington that the Russian leader “was a genius” for his ...

Dec 4, 2014

Dow hits record as energy rises for third straight day

U.S. stocks rose modestly on Wednesday as energy-related shares rose for a third straight session and data pointed to improving conditions in the U.S. services sector, which makes up a majority of the economy. Market moves were slight, with many traders looking ahead to ...

Dec 1, 2014

Failing oil prices force rethink of 2015 budget, Iraq says

Falling oil prices have forced Iraq to scrap the draft 2015 budget it planned to present to parliament on Sunday, Prime Minister Haidar al-Abadi told lawmakers. The budget had been based on a forecast oil price of $70 a barrel, but prices dropped to ...