September, 2007
LiveWire Economics Blog - September 28, 2007 19:29
The gold price is being driven by macro-economics and currencies.
We mentioned briefly in the market section at the start of this issue that there has been a change of tides, and possibly a change as fundamental as a change of current.
Property leads Tokyo pullback
Japan’s Nikkei lost 0.3 percent to 16,785.69 as investors sold property-related stocks to lock in profits after recent sharp gains Read More…
Bidding groups form for Wendy’s: sources
NEW YORK (Reuters) – Thomas H. Lee Partners and Oak Hill Partners are among the private equity firms bidding for burger chain Wendy’s International Inc , sources said on Thursday, as the auction proceeds despite the impact of the credit crunch on deals. Read More…
UPDATE 2-Merrill, Citi buy into Indian commodities bourse
UPDATE 2-Merrill, Citi buy into Indian commodities bourse MUMBAI, Sept 28 (Reuters) – Citigroup and Merrill Lynch have bought 5 percent stakes in India’s top commodities exchange, valuing it at up to $1.1 billion, or more than the Bombay Stock Exchange which sold stakes earlier this year. Source: c.moreover.com Shanghai copper up, LME extends gains [...]
Tate & Lyle drags FTSE lower
Tate & Lyle drags FTSE lowerLondon’s FTSE 100 was gave up brief opening gains as Tate & Lyle slumped after a trading update and Northern Rock resumed its decline after two sessions of gainsSource: www.ft.com
Home sales fall, job market resilient
WASHINGTON (Reuters) – Sales of new homes plunged in August and prices posted their biggest year-on-year drop in nearly 37 years, the U.S. Commerce Department said on Thursday, underlining the depth of problems facing the housing sector. Read More…
Shares set for weaker start ahead of data (Reuters)
Shares set for weaker start ahead of data (Reuters) Reuters – Stock index futures fell on Friday, pointing to a weaker open on Wall Street as markets eyed economic data for signs of inflation and indications of the Federal Reserve's next move in interest rates. Source: news.yahoo.com
Copper Climbs Before Strike, Poised for Third Quarter of Gains; Zinc Gains
Copper Climbs Before Strike, Poised for Third Quarter of Gains; Zinc Gains Copper Climbs Before Strike, Poised for Third Quarter of Gains By Chanyaporn Chanjaroen Sept. 28 (Bloomberg) — Copper rose in London, heading for a third quarter of gains, as workers prepare to strike at Southern Copper Corp., the world’s fifth-largest Source: c.moreover.com
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