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SEOUL, South Korea (AP) — International stock markets drifted in slow trading today as investors awaited the outcome of the Federal Reserve's meeting, and a batch of economic and political events later this week. Futures point to a lower opening on Wall Street. The dollar rose against the yen and the euro. Benchmark U.S. crude oil inched up but remained below $48.50 per barrel.
WASHINGTON (AP) — The federal Reserve begins a two-day meeting today which is expected to produce the third interest rate hike in 15 months amid signs of an improving economy. Approval is expected tomorrow, along with a signal that more hikes probably coming. Fed watchers appear to be more buoyed by expectations for a vigorous economy than worried about whether slightly higher rates might slow growth. a0401
TOKYO (AP) — Troubled Japanese nuclear and electronics company Toshiba Corp. says it's considering selling its money-losing Westinghouse operations in the U.S. President Satoshi Tsunakawa says the company is looking at selling its majority stake in Westinghouse and making a priority trying to get the energy giant's battered results off its books. Toshiba has until April 11 to produce a delayed earnings report.
BERLIN (AP) — Most flights to and from the German capital are canceled for a second day today because of a strike by ground staff at Berlin's two airports. The ver.di union, which is seeking improved pay for about 2,000 employees at several companies, is warning against using "strike-breakers" to process passengers and planes, saying that would make it impossible for it to announce future walkouts in advance. a0482
NICOSIA, Cyprus (AP) — A senior official with Italy's oil and gas company Eni says the discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean that could help meet Europe's energy needs. Eni SpA Chief Exploration Officer Luca Bertelli told a gas conference today that his company's "milestone" discovery of Zohr, estimated to hold 30 trillion cubic feet of gas, has reinvigorated the interest of other major oil and gas companies in the region.
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