Tag Archives: AHN

Oil at 9-month high on Iran export halt

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Oil prices were pushed higher Monday after Iran cut exports to Britain and France. The move raised worries that high gas prices are soon to follow. On Sunday, Iran’s oil ministry said it would stop exporting oil to French and British companies. read more »

Employers added 243,000 jobs in January

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Employers added 243,000 jobs in January, an increase over the 203,000 jobs added in December, the U.S. Department of Labor reported on Friday. Hiring was stronger than expected and many economists were surprised. Private sector job growth was widespread with large employment gains read more »

First class stamp rises to 45 cents

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – Effective Jan. 22, it will cost you an extra penny to mail a first class letter in the United States. The increase, announced in October, is the first change for first class mail stamps in more than two and a half years. Prices read more »

German exports fall more than expected

Linda Young – AHN News Writer Berlin, Germany (AHN) – German exports fell by a larger percentage than forecast for October because of lower demand from southern European markets affected by the economic crisis. Exports fell by 3.6 percent in October compared to September. It was larger than the 1 percent drop expected and the read more »

Fear of financial losses drive soaring price of gold

Jupiter Kalambakal – AHN News Reporter New York, NY, United States (AHN) – Investors anxious about the global fiscal crisis and afraid losing their wealth in years to come will likely fuel gold futures to further soar in the coming months. Gold prices have risen in skyrocketing proportions in recent years and reached record highs read more »

European stocks down as Merkel loses election

Jupiter Kalambakal – AHN News Reporter London, United Kingdom (AHN) – Market indexes in Europe plunged on Monday and the German benchmark index deteriorated to a two-year low after German Chancellor Angela Merkel lost a regional election. Banks plunged after the United States sued 17 banks for $196 billion and sought compensation for misleading investors read more »

U.K. admits weak retail sales in July

Linda Young – AHN News Writer London, United Kingdom (AHN) – Retail sales, excluding gasoline, grew weakly in the United Kingdom during July rising only 0.2 percent compared to the 0.8 percent growth rate in June, according to Office for National Statistics (ONS). A drop in the sales of clothing and household goods offset the read more »

Nonfarm payroll for July posts modest increase of 117,000

Linda Young – AHN News Writer Washington, DC, United States (AHN) – The national unemployment rate for the month of July remained little unchanged at 9.1 while total nonfarm payroll employment rose by a modest 117,000, according to the monthly report by the U.S. Bureau of Labor Statistics. Although the 117,000 jobs created during July read more »

California state lawmakers pass budget with deep cuts

Linda Young – AHN News Writer Sacramento, CA, United States (AHN) – California state lawmakers late Tuesday passed a $85.9 billion budget that aims to eliminate a $10 billion deficit by cutting spending, deferring some payments and projecting higher revenues. The budget contains deep spending cuts, but Republicans managed to block personal income tax and read more »

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