The dilemma for such investors is illustrated by MSCI's widely used emerging equity benchmark. So far this year, this index is down more than 12 percent, mainly due to losses in big markets such as Brazil and China. Similarly, in the debt market, Russian rouble bonds have returned 20 percent this year versus double-digit losses on the underlying emerging debt...» Read More
FARGO, N.D.-- Representatives of six North Dakota companies are going on a trade mission to the South American nation of Colombia next week. It is the first North Dakota trade mission to Colombia in four years.
APPLICATIONS RISE: The number of Americans seeking unemployment benefits rose last week to a seasonally adjusted 367,000. The four-week average, a less volatile measure, was unchanged at 375,000.. CONTEXT: When applications consistently fall below 375,000, it typically indicates that hiring is strong enough to lower the unemployment rate.
Mitch Daniels is touting investments in Indiana's public employee pension funds during his last few months in office. Daniels said Thursday that $207 million will be invested in teacher pensions, along with $90 million toward judges' pensions and $32 million for police pensions.
Taiwan's 23 million people pay minimal monthly premiums and receive largely free medical care for ailments ranging from the common cold to complex diseases. Hsueh says cutting-edge medical treatments have worsened the shortfalls and said Taiwan's elderly population grew 30 percent in the past decade and their health outlays shot up 90 percent.
CHARLESTON, S.C.-- A new study concludes that a wind farm off the South Carolina coast could mean billions of dollars in wages and thousands of jobs. The study released Wednesday was compiled by Clemson's Restoration Institute and its Strom Thurmond Institute of Government and Public Affairs for the state Energy Office.
MIAMI-- Three female Wal-Mart Stores Inc. employees have filed a lawsuit in South Florida claiming the retail giant discriminates against women in areas such as wages and promotion opportunities.
ALBANY, N.Y.-- While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone. The civil suit claims misconduct by Bear Stearns& Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans.
NEW YORK-- An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. Aluminum giant Alcoa led the 30 stocks in the Dow with a 3.3 percent surge, rising 29 cents to $9.07.
They join returnees Heart, Joan Jett and the Blackhearts, Randy Newman, Donna Summer and Kraftwerk among the 15 artists vying for entry.
HOUSTON-- Exploration and development company ZaZa Energy Corp. said Thursday it may sell its French assets. ZaZa Energy said it makes no assurances that the sale will be completed. Its shares lost 5 cents to $2.70 in midday trading after dropping as low as $2.65 earlier in the session, their lowest level since August 2011.
NEW YORK-- BioSante Pharmaceuticals Inc. said Thursday it will merge with ANI Pharmaceuticals in an all-stock deal worth about $94 million. BioSante valued the deal at $93 million to $95 million based on its current share price, according to a company spokesman.
LOS ANGELES-- As far as Tim Burton's concerned, you can't keep a good dog down. And you can't keep a good, old-fashioned form of animation down, either.
WINSTON-SALEM, N.C.-- Krispy Kreme Doughnut Corp. said Thursday that it has reached an agreement with an Asian retail operator to develop 15 franchised stores in Singapore over the next five years. The doughnut chain is working with Star360 Group to develop the stores.
NEW YORK-- Christie's will inaugurate its long-term partnership with the Andy Warhol Foundation to sell its collection with a daylong sale next month. It includes a Polacolor print of Liza Minelli estimated to sell for $15,000- $20,000. There's also a screenprint of Vladimir Lenin with a pre-sale estimate of $40,000- $60,000.
Robert Bentley said in a statement Thursday that the Federal Emergency Management Agency has approved the request. Bentley had sent a letter to FEMA saying the five counties-- Covington, Dallas, Geneva, Monroe and Perry-- suffered $2.5 million in damage. Baldwin, Mobile and Pickens counties had previously been approved for aid.
CHARLESTON, S.C.-- A federal judge has transferred a court challenge to South Carolina's planned $35 million cruise terminal to Charleston from Washington, D.C., ruling the controversy is largely a local issue.
Some investors remained cautious due to events in Spain. Spain is under pressure to ask for financial assistance from the European Central Bank to keep a lid on its borrowing costs but the government has been reluctant to do so because it may come with conditions on its budget.
JUNEAU, Alaska-- A liquefied natural gas project in Alaska could cost more than $65 billion and would represent a mega-project of "unprecedented scale and challenge," officials behind the project told Gov.
Almost every U.S. taxpayer faces a significant increase unless Congress and the White House agree on a plan to extend a huge collection of tax cuts expiring at the end of the year. There's disagreement over whether to extend them for all or to let taxes rise for some part of the wealthiest Americans, such as individuals making more than $200,000 per year.