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Gold and Oil News - November 1, 2007 15:00
Bunge to end soybean crush in Marks, Miss.
ST. LOUIS – Bunge North America said it will discontinue processing soybeans at its plant in Marks, Miss., by the end of the year but will keep the facility open as a grain elevator and will expand operations to include corn and wheat in addition to Read More… Extract not available. Read More…
Asian stocks hit records after Fed cut
Asian stocks hit records after Fed cutAsian stocks and oil prices hit record highs as a Federal Reserve rate cut and strong growth data eased concerns about the impact of a housing slump on the US economySource: www.ft.com
Oshkosh profit rises better-than-expected 73 percent
Oshkosh profit rises better-than-expected 73 percent NEW YORK (Reuters) – Specialty truck maker Oshkosh Truck Corp posted a better-than-expected 73 percent rise in quarterly profit on Thursday, boosted by strong sales from the acquisition of JLG Industries Inc. Source: feeds.reuters.com Oil leaps to $96 high on U.S. inventory drop SYDNEY (Reuters) – Oil leaped more […]
Futures drop after Credit Suisse writedown (Reuters)
Futures drop after Credit Suisse writedown (Reuters) Reuters – Equity futures fell on Thursday, with the financial sector set to drag after Credit Suisse became the latest casualty of the mortgage market crisis and Citigroup shares were downgraded. Source: news.yahoo.com
China’s crude steel output to reach 480 mln tons in 2007
China’s crude steel output to reach 480 mln tons in 2007 Luo Bingsheng, executive vice chairman of the CISA, said China’s crude steel output in the first nine months stood at 363 million tons, up 17.61 percent, and pig iron output increased by 15.68 percent to 346 million tons. Driven by increasing Source: c.moreover.com
Fed cuts rates by another quarter point
The US Federal Reserve cut interest rates by a quarter of a point to 4.5 per cent, but warned investors against banking on further monetary easing, sending short-term government bond yields soaring Read More…
Ford, UAW adjourn talks, plant closings in focus
Ford, UAW adjourn talks, plant closings in focus DETROIT (Reuters) – Ford Motor Co and the United Auto Workers adjourned high-level contract talks early Thursday morning after a marathon bargaining session in which the embattled automaker held out the prospect it might close fewer U.S. plants in exchange for cost savings. Source: feeds.reuters.com Auto sales […]
Commodity prices up in October
Commodity prices up in October The Reserve Bank of Australia’s index of commodity prices in special drawing rights (SDR) terms rose 2.1 per cent in October, preliminary estimates from the central bank show. This follows a revised increase of 2.8 per cent in September. The largest Source: c.moreover.com
Asian stocks hit records after Fed cut
Asian stocks and oil prices hit record highs as a Federal Reserve rate cut and strong growth data eased concerns about the impact of a housing slump on the US economy Read More…
IBM launching major data security initiative: report
NEW YORK (Reuters) – International Business Machines Corp is launching a “major initiative” to drive sales in the data security market, including $1.5 billion in spending next year on marketing and product development, the Wall Street Journal reported Thursday in its online edition. Read More… DETROIT (Reuters) – Auto sales are expected to have dipped […]
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