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Oil above $118; euro climbs on ECB talk

HONG KONG (Reuters) - Oil prices climbed for a fourth day on Thursday on worries a storm may gather force to become the worst threat to U.S. offshore production since 2005, while the euro rose on tough inflation talk from the European Central …

Oil above $118; euro climbs on ECB talk

Starbucks top brass to receive no raise next year

NEW YORK (Reuters) - Top executives at Starbucks Corp including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain’s first-ever quarterly loss as a public company.

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Starbucks top brass to receive no raise next year

U.S. stocks rise on oil price rise

NEW YORK (Reuters) - U.S. and European stocks rose on Wednesday as a surprise rise in U.S. durable goods data eased concerns about the weak U.S. economy and helped lift the battered financial sector, but the dollar slipped.

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U.S. stocks rise on oil price rise

FTSE buoyed by U.S. data

LONDON (Reuters) - The blue-chip index reversed initial losses to rise more than 1 percent on Wednesday as commodities tracked energy and metal prices higher, while banks also rose as strong U.S. data pushed stocks positive.

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FTSE buoyed by U.S. data

Oil rises as Gustav threatens U.S. Gulf

NEW YORK (Reuters) - Oil rose on Wednesday on forecasts that Tropical Storm Gustav will intensify into a hurricane as it ploughs toward the U.S. oil and natural gas platforms in the Gulf of Mexico.

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Oil rises as Gustav threatens U.S. Gulf

ECB eyes tougher collateral terms but no decision yet

VALLETTA (Reuters) - The European Central Bank wants to stop banks exploiting its generous rules to gain access to liquidity, two ECB governing council members said, but one of them added that that no firm decisions had been taken.

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ECB eyes tougher collateral terms but no decision yet

Media buyer Carat cuts advertising spend forecasts

LONDON (Reuters) - Carat, Europe’s biggest media buyer, has trimmed its growth forecasts for global spending on advertising for this year and next after revising its estimates for the United States, Britain, Spain and China.

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Media buyer Carat cuts advertising spend forecasts

Oil up $3 to $119 as storm Gustav threatens

LONDON (Reuters) - Oil rose for a third day on Wednesday, lifted by the possibility that Tropical Storm Gustav could become the first major storm since 2005 to threaten U.S. Gulf oil and gas installations.

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Oil up $3 to $119 as storm Gustav threatens

Oil rises for 3rd day

LONDON (Reuters) - Oil rose for a third day on Wednesday, boosted by the possibility that Tropical Storm Gustav could become the first major storm since 2005 to threaten Gulf of Mexico oil and gas installations.

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Oil rises for 3rd day

FTSE dragged lower by pharmaceuticals

LONDON (Reuters) - The leading shares fell by midday on Wednesday, undercut by weaker drugmakers, while oil shares tracked rising U.S. crude prices.

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FTSE dragged lower by pharmaceuticals