Business Online - бізнес-новини України

New York () -Could releasing oil from the nation's reserves be the jumpstart for the economy that President Obama needs?Some experts believe that was at least part of the motivation behind Thursday's move to release 30 million barrels of oil from the nation's Strategic Petroleum Reserve.

India () - Monsoon rain in India will be below normal for the second time in three years, the weather office said, potentially lowering farm output and accelerating inflation that is the highest among Asia’s major economies.

() - OJSC Odessa Port-Side Chemical Plant could be sold after the crisis ends and the political situation in Ukraine stabilizes, Sergiy Tigipko, one of the candidates for president, considers.

Cairo ( ) - The opening of the 12th Gas Exporting Countries’ Forum in Cairo was marked by the absence of officials from Qatar, where the group has its headquarters, in a possible sign of their displeasure over Libya’s attendance.

USA () - U.S. auto sales probably ran at the slowest pace of the year in May, a pause in demand before lower gas prices and rebounding production in Japan fuels the most annual purchases since 2008.

Ukraine () - Ukrainian President Viktor Yanukovych said he wants to pursue European Union membership for the former Soviet republic that is also being wooed by a Russian-led customs union with the lure of lower natural-gas prices.

USA () - The U.S. Oil Fund and Market Vectors Agribusiness ETF attracted more money than any other U.S. exchange-traded fund in the past week following the biggest retreat in commodity prices in more than two years.

USA () - The U.S. average cost of gasoline was virtually unchanged during the week ended Monday, the Energy Department said. California's average also was little changed.

USA () - After a 40 percent drop in sales from October 2008 to February 2009, Materials Processing Inc. laid off workers, changed the way it sets prices and took fewer risks in the volatilecommodities markets.