Oil prices fall back to near US$94 a barrel - December 13, 2007 11:00

BANGKOK, Thailand (AP) – Oil prices fell slightly Thursday in Asia after a jump the previous session on unexpected declines in U.S. crude and heating oil stocks and following the Federal Reserve’s announcement of a plan to help banks through the credit Read More… Extract not available. Read More…

Term Auction Facility - December 13, 2007 9:53

With credit markets extremely tight due to the continuing unavailability of short term commercial paper (CP), The Federal Reserve, The Bank of Japan, The Bank of England, The European Central Bank, The Bank of Canada and The Swiss National Bank have decided to experiment with the monetary system.

French banks agree to set up 1 bln superfund: report - December 13, 2007 9:00

French banks agree to set up 1 bln superfund: report ZURICH (Reuters) – Five French banks have agreed to set up a “super-conduit” fund holding $1.47 billion of asset-backed securities early in 2008 to ensure a liquid market for any French mutual funds destabilized by the global credit crisis, the Financial Times reported on Thursday. [...]

Asian markets sceptical of credit plan - December 13, 2007 9:00

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 Read More…

Wheat Falls as High Prices May Limit Foreign Demand - December 13, 2007 9:00

Wheat Falls as High Prices May Limit Foreign Demand Wheat fell on Tuesday on speculation that high prices may limit demand. Article Tags futures wheat Kansas City and Minneapolis prices reached record levels Monday. Prices could fall as export demand looks to wane. The USDA reported that global Source: c.moreover.com

Hang Seng leads Asian retreat - December 12, 2007 15:00

Hang Seng leads Asian retreatShares fell across the Asia Pacific region as investors seemed worried by the US Federal Reserve’s statement that the US economy was slowing, and that its cut in interest rates may not be enough to prevent a recessionSource: www.ft.com

Bank of America CEO says Q4 to be “disappointing” - December 12, 2007 15:00

NEW YORK (Reuters) – Bank of America Corp expects its fourth-quarter results to be “disappointing,” the company’s chief executive officer said on Wednesday, citing expected write-downs and lower trading revenue. Read More… NEW YORK (Reuters) – Stocks looked set to rebound on Wednesday, with index futures up sharply on news reports the Federal Reserve is [...]