Yen rallies as risk appetite recedes
December 13, 2007 | Leave a Comment
Yen rallies as risk appetite recedes
The 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
December 13, 2007 | Leave a Comment
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)
December 13, 2007 | Leave a Comment
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.
Global steel prices to go up in 08: Fitch
December 13, 2007 | Leave a Comment
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
December 13, 2007 | Leave a Comment
Asian markets sceptical of credit plan
Shares 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 overnight
Source: www.ft.com
Fitch analyst sees 40 pct chance of U.S. recession
December 13, 2007 | Leave a Comment
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 Thursday that it would begin collecting information in January on the everyday purchases and spending habits of Americans.
Source: feeds.reuters.com
Crude Oil Soars Past $94 Mark
December 13, 2007 | Leave a Comment
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
December 13, 2007 | Leave a Comment
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 writedowns
Source: www.ft.com
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