December, 2007
Uncategorized - December 13, 2007 15:00
Yen rallies as risk appetite recedes
Yen rallies as risk appetite recedesThe yen rallied from a one-month low against the dollar and the euro on Thursday as the initial euphoria over a concerted effort by global central banks to ease liquidity concerns faded.Source: www.ft.com
Lehman quarterly earnings fall 11 percent
Lehman quarterly earnings fall 11 percent NEW YORK (Reuters) – Lehman Brothers Holdings Inc said on Thursday that quarterly earnings fell 11 percent, hurt by writedowns in bond trading, but results beat analysts’ average expectations. Source: feeds.reuters.com
World stocks slump despite central bank aid (AFP)
AFP – European and Asian stock markets fell heavily on Thursday, even after Wall Street had ended higher as major central banks sought to soothe a global credit squeeze caused by the US home-loan collapse. Read More…
Global steel prices to go up in 08: Fitch
Global steel prices to go up in 08: Fitch : Fitch Our Bureau Mumbai, Dec. 11 Global credit rating agency Fitch expects steel price to increase in most markets in 2008, and says tight raw material markets are likely to cause margin compression for producers who do not control their sources of Source: c.moreover.com
Asian markets sceptical of credit plan
Asian markets sceptical of credit planShares fell across the Asia-Pacific region on scepticism about plans by major central banks to tackle tight credit conditions while the low-yielding yen found a steadier footing after sliding overnightSource: www.ft.com
Fitch analyst sees 40 pct chance of U.S. recession
Fitch analyst sees 40 pct chance of U.S. recession LONDON (Reuters) – There is a 40 percent chance that the United States economy will fall into recession next year, a senior analyst at Fitch Ratings said on Thursday. Source: feeds.reuters.com Census Bureau to survey spending habits NEW YORK (Reuters) – The Census Bureau said on [...]
Crude Oil Soars Past $94 Mark
PM – Oil soared Wednesday after data from the Department of Energy showed a drop in inventories for a fourth straight week. Light sweet crude for January delivery moved to $94.39 a barrel, up $4.37, on the session. It reached as high as $94.89, its Read More…
Bank sell-off hits FTSE
Bank sell-off hits FTSE London equities fell sharply with banks in the vanguard of the sell-off after HBOS and Northern Rock revealed the extent of their credit market writedownsSource: www.ft.com
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