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February 17, 2015 06:08 AM

Tuesday Morning Business Brief

Beijing, China

International stock markets reflect uncertainty today after Greek debt talks broke down, raising the prospect Athens might leave the euro currency. Asian stocks were mostly higher Tuesday but European markets fell in early trading. Futures point to opening losses on Wall Street after a three-day weekend. U.S. benchmark crude oil rose above $53 per barrel. The dollar rose against the yen and fell against the euro.

  • WASHINGTON (AP) - The Federal Reserve of New York releases its February survey of manufacturers later this morning.  Other reports due for circulation include the housing market index for February, to be released by the National Association of Home Builders. The Treasury Department is due to report on foreign holdings of U.S. debt in December.
     
  • LOS ANGELES (AP) - Secretary of Labor Thomas Perez is about to try to unravel the tangled dispute between West Coast seaports and dockworkers that already has disrupted billions of dollars in U.S. international trade. Employers say backlogs of cargo are because of a worker slowdown. The union blames supply chain problems, including a shortage of truck beds to carry containers to distribution warehouses.
     
  • BRUSSELS (AP) - Greece is facing an ultimatum in the latest bailout talks with European creditors but the country's finance minister says Europeans are good at turning initial disagreement into eventual success. His comments come a day after a meeting of the 19 finance ministers of the eurozone broke down in seeming-acrimony. Creditors say Greece needs to accept a key condition by Friday or go it alone.
     
  • PORTLAND, Maine (AP) - Something happening in China may be good news for Maine. Exports of U.S. lobster to China have rocketed in the past few years, largely to satisfy the appetites of the communist country's growing middle class, to whom a steamed, whole crustacean - flown in live from the United States - is not just a festive delicacy and a good-luck symbol but also a mark of prosperity. The current Lunar New Year celebrations are making for a busy time in the Lobster business.
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