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German insurer Allianz 1Q net profit falls 65 percent
German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis.
China producer price index up 8.1 percent in April
China's producer price index, a key inflation indicator, rose 8.1 percent in April over the same month a year earlier, the government reported, as a top economic official urged Friday for controls to cool ...
Euro edges higher against US dollar
The dollar fell against the euro Friday after the European Central Bank signaled that it was unlikely it would consider any interest rate cuts in the coming months.
The U.S. dollar was mostly lower against other major currencies in European trading Friday morning.
Oil approaches $125 per barrel
Oil prices struck record highs near $125 as investors dumped more money into commodities.
China producer price index up 8.1 percent in April
China's producer price index, a key inflation indicator, rose 8.1 percent in April over the same month a year earlier, the government reported, as a top economic official urged Friday for controls to cool ...
Japan Airlines reduces losses in latest quarter
Japan Airlines reduced losses in the January-March quarter from a year earlier on cost cuts but forecast lower profit Friday for this fiscal year, blaming soaring fuel costs and intense competition.
Japanese shares drop on Toyota outlook
Japanese shares dropped Friday as selling spread across the board following Toyota's bleak earnings projection.
Top 3 air carriers boost fuel charge by $20 roundtrip
The three biggest U.S. carriers said Thursday they have again raised ticket prices, this time by $20 roundtrip, to recoup rapidly rising fuel costs.
Survey says executives see oil prices falling
Even as oil prices ascended to new highs of more than $124 a barrel this week, many oil and gas industry executives say they expect the price to fall significantly by year's end, a new survey shows.
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