BUSINESS

Asian Markets Rise On Spain Budget Cuts

People look at an electronic board at a brokerage house in Shanghai
Most of the Asian markets rose Friday as investor confidence was lifted after Spain announced budget cuts to control the rising debt pressure affecting the country’s economy.

No Bacon Shortage In 2013: Rising Pork Prices Are Largely A Hoax

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Earlier in the week, it was widely reported that 2013 would bring a “bacon shortage,” as rising pork prices would eventually drive up demand for bacon to the point where it would be almost impossible to find. However, even after falling for the story themselves, NBC News is reporting that the bacon shortage is hogwash.
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Asian Stocks Gain On Spanish Budget

Asian shares rose Friday on hopes that economic reform and budget plans unveiled by Spain will help it manage its debt imbalances and avoid a euro zone bailout.
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EU Wants $12B Annual Trade Sanction On US In Boeing Spat

The European Union asked the World Trade Organization on Thursday for the right to impose annual trade sanctions worth up to $12 billion on the United States in retaliation for illegal subsidies to plane maker Boeing (NYSE: BA.N).

Walmart: How High Cost Of Real Estate May Impact Store Operations In India

Following the approval of Foreign Direct Investment (FDI) in the multi-brand retail sector in India, retail giant Walmart (WMT) has announced plans to launch its first store within 12 to 18 months through its joint venture with Bharti Enterprises, but the high cost of real estate may pose a big challenge for the low-price retailer.
An investor checks stock information with a computer at a brokerage house in Hefei

Asian Markets Rise On China Stimulus Hopes

Most of the Asian markets rose Thursday as investor confidence was lifted by hopes that China would soon announce monetary easing measures to rejuvenate the economic growth momentum.
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Asian Shares Slip On Europe Jitters

Asian shares were capped Thursday as uncertainty over a Spanish bailout dented sentiment, while global lenders' wrangling over Greek debt restructuring highlighted Europe's trouble uniting to tackle its debt crisis.
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Sudan-South Sudan Deal Lets Oil Flow Again

Sudan and South Sudan have reached a deal on border security and oil production that will let oil exports from South Sudan through Sudan to resume, spokesmen for both sides said

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