Raising Hope News
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A Pakistani engineer seized from a vessel in Nigerian waters is missing for a 33rd day and claims of his sightings are so far unfounded, employer Petrostar Nigeria Ltd. said.
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One of two Pakistani engineers seized from a vessel by gunmen on Feb. 22 in southeastern Nigeria was rescued from the sea, with his colleague still missing, Petrostar Nigeria Ltd., their employer, said.
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Oil rose for a second day in New York on optimism that a U.S. budget agreement will be reached, narrowing the discount to Brent crude to less than $20 for the first time in eight weeks.
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Euro-area finance ministers staked out their turf in a brewing battle over bank rescues amid German and Austrian warnings that direct bailouts won’t be widely available.
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The Standard & Poor’s GSCI gauge of 24 commodities gained 0.83 percent to 689.14 at 4:13 p.m. New York time. The UBS Bloomberg CMCI index of 26 raw materials rose 0.58 percent to 1,602.056. U.S. commodity exchanges will be closed tomorrow for the Good Friday holiday.
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News Corp.’s Fox will add the comedy “The Mindy Project” and four other shows to its schedule next season, looking to bolster ratings after “American Idol” lost 30 percent of the younger viewers targeted by advertisers.
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News Corp.’s Fox television, the most-watched U.S. broadcast network among younger viewers, is adding four comedies to its prime-time schedule following a decline in ratings for “American Idol.”
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Oil fell for the first time in eight days after the Group of 20 nations rebuffed calls from euro countries to increase lending resources, adding to concern that Europe’s debt crisis will slow the economy and reduce demand.
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Oil gained for the first time in three days as claims for U.S. unemployment benefits dropped to a four-year low and equities pared losses, raising hopes that demand will grow in the world’s leading user of crude.
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Crude oil rose to the highest level in more than one month as U.S. stocks rallied after Bank of America Corp. reported better-than-estimated results, raising hopes that economic growth will stabilize.
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