Wednesday June 19, 2013




National Business



top story

Price of oil rises near $99 as traders await comments by US central bank chief Ben Bernanke

BANGKOK - The price of oil rose Wednesday, before the conclusion of a U.S. Federal Reserve meeting....

posted: June 19,2013





National Business

Thailand cuts rice subsidy price after $4.4B loss in controversial scheme

BANGKOK - Thailand will pay farmers 20 per cent less for rice to stem losses from a much-criticized subsidy program that dislodged the country from its spot as the world's No. 1 exporter of the grain, a government minister said Wednesday....


Study: Wiser medication use could save US $213 billion a year in avoidable health care costs

TRENTON, N.J. - If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing medication overuse, underuse and other flaws in care that cause...


Oil filter issue prompts United Airlines 787 flying from Denver to Tokyo to divert to Seattle

SEATTLE - A Boeing 787 flying from Denver to Tokyo diverted to Seattle because of an oil filter issue, a United Airlines spokeswoman said....


IMF says Spain making progress but calls for urgent action to slash unemployment

MADRID - The International Monetary Fund says recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take "urgent action" to slash the country's crippling 27 per cent unemployment...


GM starts work on China Cadillac plant as luxury vehicle sales growth slows

SHANGHAI - General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to target luxury buyers in the world's biggest auto market, though they said the segment would grow slower than expected this year....


Swedish government sells 260 million shares in bank Nordea for $3 billion

STOCKHOLM - The Swedish government says it has raised 19.5 billion Swedish kronor ($3 billion) by almost halving its stake in Nordic banking group Nordea AB....








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