Futures drop after Credit Suisse writedown (Reuters) - November 1, 2007 13:00

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 - November 1, 2007 13:00

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 - November 1, 2007 11:00

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 - November 1, 2007 11:00

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 - November 1, 2007 11:00

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 - November 1, 2007 9:00

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 - November 1, 2007 9:00

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 […]

Oil leaps to $96 high on U.S. inventory drop (Reuters) - November 1, 2007 9:00

Oil leaps to $96 high on U.S. inventory drop (Reuters) Reuters – Oil leaped nearly 2 percent to top $96 for the first time on Thursday, extending the previous day’s 5 percent surge after an unexpected sharp fall in U.S. crude stocks and data showing strong economic growth. Source: news.yahoo.com

China’s gold output up 13.10 pct year-on-year to 191.46 tons in firstnine months – NDRC - November 1, 2007 9:00

China’s gold output up 13.10 pct year-on-year to 191.46 tons in firstnine months – NDRC Shanghai. November 1. INTERFAX-CHINA – China produced a total of 191.46 tons of gold in the first nine months of this year, up 13.10 percent from the same period last year, according to National Development and Reform Commission statistics released […]