Breaking Business News
-
Need more positive signs before scaling back stimulus, says Bernanke
WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...
-
April sees Japan trade deficit jump to 879.9bn yen
TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...
-
Breakthrough research shows Vit C kills drug resistant TB
WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...
-
UK urged by IMF to bring forward high value spending
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
-
US delegation to urge labour reforms in Bangladesh
DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...
73.6°F Fog
Winds: From the South at 2.0 MPH Gusting to 5.0 MPH
Movie Review
![Some Like It Hot [DVD]](http://www.batonrougepost.com/MoviePosters/SomeLikeItHotCE.jpg)
Some Like It Hot [DVD]
In the annals of film comedy, there are a select few films that truly stand out as having withstood the test of time--that are just as funny now, if not funnier, than they were when first released--and Billy Wilder's Some Like It Hot is right at the top. Named ... ...
On Facebook
-
Work starts on creation of new Dubai island
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
-
Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm
Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...
-
New home prices rise at strongest rate on record
Furthering a trend that begin in early 2011, new home sales across the country increased to a 454,000-unit annualized pace last month, with year-over-year prices posting the strongest rate on record, according to new data from the U.S. Census Bureau. Economists at Wells Fargo Securities say that a 2.3 percent increase in sales from March to April exceeded analyst expectations. On a ...
-
Toro beats 2nd qtr. estimates despite cold spring
Sales and earnings rose despite unusually cold weather this year in North America and Europe that hurt residential sales of spring-related equipment, said CEO Michael ...
-
Oil falls after China manufacturing contracts in May US pump price at $3.66 as weekend nears
NEW YORK - The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy. Oil's decline was exacerbated by sharp declines in global stock markets amid indications that the U.S. Federal Reserve's may pull back on its economic stimulus program. An earlier loss of $2 a barrel was trimmed by ...