While you were sleeping: IMF cuts global growth outlook
By Margreet Dietz Oct. 7 (BusinessDesk) - Wall Street was mixed, as shares of DuPont rallied, while biotech stocks dropped, while the International Monetary Fund downgraded its global growth forecasts. In New York trading at about 2.15pm, the Dow Jones industrial average ad...
Dairy product prices increase on optimism for outlook
By Margreet Dietz Oct. 7 (BusinessDesk) - Dairy product prices climbed in the latest GlobalDairyTrade auction, increasing for a fourth consecutive time after nearly six months of declines. The GDT average winning prices rallied 9.9 percent to US$2,834, the highest level si...
While you were sleeping: Stocks climb on US rate view
By Margreet Dietz Oct. 6 (BusinessDesk) - Stocks rallied on both sides of the Atlantic, while US Treasuries and the greenback dipped, amid expectations the US Federal Reserve might hold off on raising interest rates this year. The latest US government non-farm payrolls rep...
While you were sleeping: US manufacturing disappoints
By Margreet Dietz Oct. 2 (BusinessDesk) - Equities on both sides of the Atlantic fell, following the previous day’s gains, as disappointing data on US manufacturing underpinned nervousness about the global economy and uncertainty about the timing of a US Federal Reserve inter...
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