Business News

Brussels Attacks Fail to Dramatically Impact Equity Markets

The sharp sell-off in European financial markets following explosions in Brussels is easing.  Equity indices fell as reports broke of attacks at the Zaventem airport and Maalbeek metro station, but have since recovered and are now trading little changed.  Airline and hotel stocks, which recorded some of the largest falls, have regained some composure, but are still down modestly.  (FT)
 
The national average for gasoline prices is poised to shoot past $2, as fuel demand hits levels never before seen at this time of year. The mean price for a gallon of regular gasoline now stands at $1.98, and has climbed for 25 out of the past 27 days, this according to AAA. Despite the rise in costs, pump prices are still about $0.45/gallon cheaper than a year ago, on average, and are at their lowest levels for late March since 2009. (SA)
 
Carnival has said it secured approval from the Cuban government to sail from the United States to the island nation, the first such voyage in more than 50 years.  The cruise operator has been cleared to operate the 704-passenger MV Adonia to Cuba through its Fathom brand. The ship will visit Havana, along with two other ports of call.  The move is the latest sign of thawing relations with Cuba ushered in by the Obama administration. This weekend Obama became the first US president to set foot in Cuba in 88 years. (Bloomberg)
 

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