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Gold and Oil News - October 29, 2007 11:00
ONGC offers to sell 700,000 barrels of Sokol crude oil
NEW DELHI: Oil and Natural Gas Corp (ONGC) has offered to sell 700,000 barrels of light sweet Sokol crude oil for January 17 loading, tender documents showed. The tender closes on Nov. 1 and bids will remain valid until next day, the document issued late Read More… NEW DELHI: Steel seems to have outplayed other […]
What Do Paulson, Bernanke and Greenspan Have in Common?
Firstly, before we get into this letter, a quick explanation of the new format.
Corporate earnings boost Tokyo
Corporate earnings boost TokyoJapan’s Nikkei rose 1.2% to 16,698.08 as investors cheered solid corporate earnings and Countrywide Financial’s statement suggesting the worst of the US housing downturn may be overSource: www.ft.com
Blackstone to name Nassetta as Hilton’s CEO: report
Blackstone to name Nassetta as Hilton’s CEO: report NEW YORK (Reuters) – Private equity firm Blackstone Group is expected to name Host Hotels & Resorts Inc chief executive Christopher Nassetta as president and CEO of its recently acquired Hilton Hotels Corp, the Wall Street Journal reported on Monday. Source: feeds.reuters.com
New highs for stocks and oil (Reuters)
Reuters – Asian stocks hit a record high on Monday and the dollar plumbed an all-time low versus the euro and a basket of major currencies as investors bet the U.S. Federal Reserve will cut interest rates this week. Read More…
It Is Estimated That By 2010, China’s Gold Output May Be About 280-300 Tons, And In The Forthcoming Five Years, The Annual Growth Rate Of China’s Gold
It Is Estimated That By 2010, China’s Gold Output May Be About 280-300 Tons, And In The Forthcoming Five Years, The Annual Growth Rate Of China’s Gold DUBLIN, Ireland–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/reports/c72844) has announced the addition of ” In 2006, the sharp rise of gold price largely held down the consumption, especially the gold […]
Dollar drops to record low against euro
Dollar drops to record low against euroThe dollar fell to a record low against the euro on Friday after a recent run of weak US economic data heightened fears over the prospects for the world’s largest economy.Source: www.ft.com
Macy’s in exclusive sportswear deal with Hilfiger
NEW YORK (Reuters) – Macy’s Inc said on Friday that it signed a deal with Tommy Hilfiger USA Inc for Macy’s to be the exclusive department store retailer of Tommy Hilfiger men’s and women’s sportswear in the United States. Read More…
Futures jump after Countrywide results (Reuters)
Reuters – Stock index futures jumped on Friday after Countrywide Financial Corp. reported quarterly results and said it negotiated additional liquidity. Read More…
Report: OPEC wont lift quotas
Report: OPEC wont lift quotas NEW YORK (AP) Oil futures jumped to a new record above $90 a barrel Thursday on news that OPEC production increases arent coming as fast as expected and that the cartel wont announce new output quotas when it meets next month. Prices rose in early Source: c.moreover.com Major Chinese Stainless […]
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