Goods http://www.globalpost.com/taxonomy/term/27067/BF_WIDGET_SRC en UPDATE 3-Richemont points to China slowdown, spooks sector http://www.globalpost.com/dispatch/news/thomson-reuters/130121/update-2-richemont-points-china-slowdown-spooks-sector <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Quarterly sales up 5 pct at 2.86 bln euros</p> <p>* Reuters poll was for 7.6 pct rise to 2.89 bln euros</p> <p>* Richemont shares down 6 pct, dragging down sector (Adds comments from Montblanc CEO, analyst, details)</p> <p>By Astrid Wendlandt and Emma Thomasson</p> <p>PARIS/ZURICH Jan 21 (Reuters) - Cartier watches maker Richemont said sales growth had ground to a halt in the Asia-Pacific region, rekindling fears about a market which has been the driving force of luxury sales.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/update-2-richemont-points-china-slowdown-spooks-sector" target="_blank">read more</a></p> Brand management Business Culture Entertainment Goods Luxury brands Luxury good Marketing Technology Thomson Reuters Mon, 21 Jan 2013 09:45:15 +0000 5737136 at http://www.globalpost.com Oil market strikes four-month peaks http://www.globalpost.com/dispatch/news/afp/130201/oil-market-strikes-four-month-peaks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Crude oil prices spiked to four-month peaks this week, energised by the weak dollar, mostly upbeat global economic data and Middle East tensions particularly in Syria, while other commodities mainly rose.</p> <p>The European single currency rallied to $1.3711 -- reaching a point last seen on November 14, 2011 -- lifted by the brighter eurozone outlook, dealers said.</p> <p>A weak greenback tends to stimulate demand for dollar-priced commodities, which becomes cheaper for buyers using stronger currencies like the euro. That tends to boost demand and spark higher prices.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/oil-market-strikes-four-month-peaks" target="_blank">read more</a></p> Business Disaster Economics Goods USD AFP Fri, 01 Feb 2013 19:15:20 +0000 5743447 at http://www.globalpost.com New US sanctions on Iran boosts oil http://www.globalpost.com/dispatch/news/afp/130206/new-us-sanctions-iran-boosts-oil <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>News of stepped-up US sanctions on Iran Wednesday overcame an early decline in oil prices, leaving the commodity nearly flat.</p> <p>The cost of a barrel of West Texas Intermediate oil for March delivery ended two cents lower at $96.62 on the New York Mercantile Exchange.</p> <p>In London, the price of a barrel of European benchmark Brent closed at $116.73, up 21 cents from Tuesday.</p> <p>US oil prices were down about $1.60 a barrel early in the session, but largely recovered those losses after the US Treasury Department announced new sanctions targeting Iranian oil revenue.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/new-us-sanctions-iran-boosts-oil" target="_blank">read more</a></p> Goods Matter oil Soft matter Technology AFP Wed, 06 Feb 2013 21:31:54 +0000 5748154 at http://www.globalpost.com Oil prices fall on profit-taking http://www.globalpost.com/dispatch/news/afp/130215/oil-prices-fall-profit-taking <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices lurched lower Friday in New York as traders took profits ahead of a holiday weekend in the US.</p> <p>A barrel of West Texas Intermediate settled at $95.86, down $1.45 on the New York Mercantile Exchange.</p> <p>In London, a barrel of European benchmark Brent crude settled at $117.66, 34 cents lower.</p> <p>Friday's move followed a rally earlier this week during which the WTI price hit $98.11 a barrel Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/oil-prices-fall-profit-taking" target="_blank">read more</a></p> Commodities market Goods Petroleum AFP Fri, 15 Feb 2013 21:17:02 +0000 5757127 at http://www.globalpost.com US oil rallies on upbeat Seaway pipeline reports http://www.globalpost.com/dispatch/news/afp/130219/us-oil-rallies-upbeat-seaway-pipeline-reports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US oil prices gained Tuesday as traders digested news of an easing chokepoint on the key Seaway pipeline serving Gulf Coast refineries.</p> <p>A barrel of West Texas Intermediate (WTI) settled at $96.66 on the New York Mercantile Exchange, up 80 cents.</p> <p>In London, a barrel of European benchmark Brent crude settled at $117.52 on the Intercontinental Exchange, 14 cents higher.</p> <p>The New York session was lackluster after traders came back to work following a long weekend. US markets were closed Monday for a public holiday.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/us-oil-rallies-upbeat-seaway-pipeline-reports" target="_blank">read more</a></p> Commodities market Goods Petroleum AFP Tue, 19 Feb 2013 22:01:19 +0000 5760503 at http://www.globalpost.com Oil falls again on economic data, US crude stocks http://www.globalpost.com/dispatch/news/afp/130221/oil-falls-again-economic-data-us-crude-stocks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Global oil prices fell more than $2 a barrel Thursday as traders worried over poor economic data, a potential end to US stimulus measures and signs of weaker-than-expected US crude demand.</p> <p>A barrel of West Texas Intermediate crude for delivery in April dropped $2.38 to $92.84.</p> <p>European benchmark Brent oil slid $2.07 to $113.53 a barrel.</p> <p>It was the second day in a row in which crude prices fell sharply. Analysts said there was a general sense that the oil market has become too buoyant given the brittle state of the economy.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/oil-falls-again-economic-data-us-crude-stocks" target="_blank">read more</a></p> Goods Labor Matter Soft matter AFP Thu, 21 Feb 2013 21:00:54 +0000 5762640 at http://www.globalpost.com Oil prices slump on Italy deadlock, US demand worries http://www.globalpost.com/dispatch/news/afp/130226/oil-prices-slump-italy-deadlock-us-demand-worries <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Global oil prices fell Tuesday amid uncertainty stemming from Italy's inconclusive elections and expectations of fresh increases in bulging US crude inventories.</p> <p>New York's main contract, West Texas Intermediate for April, shed 48 cents from Monday, closing at $92.63 a barrel, its lowest level since December 31.</p> <p>Brent North Sea crude for delivery in April sank $1.73 to settle at $112.71 a barrel.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/oil-prices-slump-italy-deadlock-us-demand-worries" target="_blank">read more</a></p> Goods Matter Soft matter AFP Tue, 26 Feb 2013 20:45:31 +0000 5767712 at http://www.globalpost.com US stocks jump on strong housing, durable goods data http://www.globalpost.com/dispatch/news/afp/130227/us-stocks-jump-strong-housing-durable-goods-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US stocks jumped Wednesday, following strong reports on the US housing market and durable goods orders.</p> <p>Unnerved by looming government spending cuts, at the closing bell, the Dow Jones Industrial Average stood at 14,076.37, up 176.24 points (1.27 percent).</p> <p>The broad-based S&amp;P 500 rose 19.08 (1.27 percent) to 1,516.02, while the tech-rich Nasdaq Composite Index jumped 32.61 (1.04 percent) to 3,162.26.</p> <p>The gains came after reports showed US pending home sales rebounded sharply in January to the highest level in almost three years.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130227/us-stocks-jump-strong-housing-durable-goods-data" target="_blank">read more</a></p> Business Goods AFP Wed, 27 Feb 2013 21:31:34 +0000 5768957 at http://www.globalpost.com US oil prices rise on hopes of strong jobs report http://www.globalpost.com/dispatch/news/afp/130307/us-oil-prices-rise-hopes-strong-jobs-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US oil prics rose Thursday in anticipation of a strong US jobs report that would signal further economic momentum.</p> <p>A barrel of US benchmark West Texas Intermediate rose $1.13 to $91.56 a barrel on the New York Mercantile Exchange.</p> <p>European benchmark Brent oil dropped 25 cents to $110.81 a barrel.</p> <p>The jump in US oil prices came after a government report Thursday that showed claims for US unemployment benefits declined by 7,000 for the week ending March 2.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130307/us-oil-prices-rise-hopes-strong-jobs-report" target="_blank">read more</a></p> Goods Matter oil Soft matter AFP Thu, 07 Mar 2013 21:45:48 +0000 5776559 at http://www.globalpost.com US oil prices rise after jobs report; Brent falls http://www.globalpost.com/dispatch/news/afp/130308/us-oil-prices-rise-after-jobs-report-brent-falls <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>World oil prices closed mixed Friday as the key New York futures contract edged higher despite a stronger dollar bolstered by a better-than-expected US jobs report.</p> <p>New York's main contract, West Texas Intermediate (WTI) for April, settled at $91.95 a barrel, a gain of 39 cents from Thursday's close.</p> <p>A barrel of Brent North Sea crude for delivery in April dropped 30 cents to $110.83 in London trade.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130308/us-oil-prices-rise-after-jobs-report-brent-falls" target="_blank">read more</a></p> Goods Labor Matter Soft matter AFP Fri, 08 Mar 2013 21:30:42 +0000 5777608 at http://www.globalpost.com Oil prices end mixed amid firm supplies http://www.globalpost.com/dispatch/news/afp/130311/oil-prices-end-mixed-amid-firm-supplies-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Global oil prices were mixed Monday as supplies remained firm and industrial production in China showed signs of a slowdown, possibly signalling a weaker demand for energy, analysts said.</p> <p>In New York trade, the benchmark West Texas Intermediate crude for April delivery edged up 11 cents from Friday to finish at $92.06.</p> <p>In London trade, Brent North Sea crude for April dropped 63 cents to $110.22 a barrel.</p> <p>The US contract followed Brent lower for most of the session before making a late comeback, with the mood still for a slightly flush market.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130311/oil-prices-end-mixed-amid-firm-supplies-0" target="_blank">read more</a></p> Goods Matter Soft matter AFP Mon, 11 Mar 2013 21:30:31 +0000 5780138 at http://www.globalpost.com Oil up in Asia on weaker dollar, US jobs data http://www.globalpost.com/dispatch/news/afp/130314/oil-asia-weaker-dollar-us-jobs-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper and spurred demand, analysts said.</p> <p>Upbeat employment data in the United States also buoyed sentiment and fuelled hopes demand will improve in the world's biggest oil consuming nation, they said.</p> <p>New York's main contract, light sweet crude for delivery in April was up 15 cents to $93.21 a barrel in morning trade and Brent North Sea crude for May gained 43 cents to $109.40.</p> <p>Brent's April contract closed 90 cents higher at $109.42 as it expired on Thursday.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130314/oil-asia-weaker-dollar-us-jobs-data" target="_blank">read more</a></p> Goods Matter Soft matter AFP Fri, 15 Mar 2013 03:30:39 +0000 5784108 at http://www.globalpost.com Oil up in Asia on weaker dollar, US jobs data http://www.globalpost.com/dispatch/news/afp/130315/oil-asia-weaker-dollar-us-jobs-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper and spurred demand, analysts said.</p> <p>Upbeat employment data in the United States also buoyed sentiment and fuelled hopes demand will improve in the world's biggest oil consuming nation.</p> <p>New York's main contract, light sweet crude for delivery in April was up 24 cents to $93.27 a barrel in the afternoon and Brent North Sea crude for May gained 54 cents to $109.50.</p> <p>Brent's April contract closed 90 cents higher at $109.42 as it expired on Thursday.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130315/oil-asia-weaker-dollar-us-jobs-data" target="_blank">read more</a></p> Goods Matter Soft matter AFP Fri, 15 Mar 2013 06:31:28 +0000 5784198 at http://www.globalpost.com Oil prices sink on Cyprus worries http://www.globalpost.com/dispatch/news/afp/130319/oil-prices-sink-cyprus-worries <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices sank Tuesday as legislators in Cyprus rejected a linchpin part of the EU-IMF bailout, sparking anxiety over a new crisis for the eurozone.</p> <p>A barrel of US benchmark West Texas Intermediate for April delivery settled at $92.16 a barrel, down $1.58 from Monday's close.</p> <p>The European benchmark Brent, for May delivery, dropped $2.06 to $107.45 a barrel.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130319/oil-prices-sink-cyprus-worries" target="_blank">read more</a></p> Goods Matter Soft matter AFP Tue, 19 Mar 2013 20:31:06 +0000 5788141 at http://www.globalpost.com Oil prices climb on Cyprus bailout deal http://www.globalpost.com/dispatch/news/afp/130325/oil-prices-climb-cyprus-bailout-deal-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices gained on Monday, sparked by a rescue deal for the crisis in Cyprus, which had threatened to spill over and further harm the weak eurozone economy.</p> <p>The New York benchmark, West Texas Intermediate for May delivery, finished up $1.10 to $94.81 a barrel.</p> <p>Brent North Sea crude for May delivery gained 51 cents to end at $108.17.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130325/oil-prices-climb-cyprus-bailout-deal-0" target="_blank">read more</a></p> Business Commodities market Goods AFP Mon, 25 Mar 2013 20:30:31 +0000 5793625 at http://www.globalpost.com