Tag Archives: prices

UK shop prices fall again, but Brexit cost pressures build

Prices in British shops fell in November at the same rate as in October, but rising cost pressures linked to the decision by voters to leave the European Union are likely to feed into high street prices next year, an industry survey said on Monday. Shop prices fell 1.7 percent last month, driven lower by food prices, the… Read More »

U.S. producer prices unchanged in October on weak services

U.S. producer prices were unexpectedly flat in October as a rise in the cost of goods was offset by declining services costs. The Labor Department said on Wednesday that the unchanged reading in its producer price index for final demand last month followed a 0.3 percent increase in September. In the 12 months through October, the PPI increased… Read More »

Lenovo launches new laptops in India, prices start at Rs 17,490

festive season, Lenovohas launched new laptops in India to be available under various offers. The company has launched the following laptops – Ideapad 510s, Ideapad 710s, Ideapad Y700, Ideapad 310, Ideapad 510, and Miix 310. Ideapad 710s features a 13.3-inch full-HD (1080×1920 pixels) resolution with IPS display and a metal frame. Priced at Rs 73,390, it weighs 1.2kgs… Read More »

Oil prices stable on planned OPEC cut, but current glut still weighs

Brent crude oil prices steadied above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, but still under pressure from an overhang in supply that currently exceeds consumption. International benchmark Brent crude futures LCOc1 were trading at $50.25 per barrel at 0651 GMT, up 6 cents from their last close, although U.S.… Read More »

Wall Street opens higher as oil prices boost energy shares

Wall Street opened higher on Tuesday, tracking global equities, as investors’ appetite for risk increased and as oil prices rose, boosting energy shares. Oil was up about 1.5 percent, driven by supply disruptions in Canada and elsewhere that have knocked out 2.5 million barrels of daily production and overshadowed fears of oversupply. World stock markets also rose, helped… Read More »

Valeant CEO to tell Senate he regrets raising heart drug prices

Outgoing Valeant Pharmaceuticals (VRX.TO) Chief Executive Michael Pearson plans to tell a U.S. Senate panel on Wednesday that he regrets his decision to acquire and jack up the price of two life-saving heart drugs, saying it was all a “mistake.” “The company was too aggressive- and I, as its leader, was too aggressive – in pursuing price increases… Read More »