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Gold and Oil News - October 26, 2007 14:00
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 […]
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
Oil rallies above $92
LONDON (Reuters) – Oil rallied to a fresh record high above $92 a barrel on Friday as the dollar tumbled to a record low, Washington imposed new sanctions on Iran and gunmen shut more oil production in Nigeria. Read More… SEATTLE (Reuters) – Microsoft Corp lifted its full-year forecasts and posted 23 percent quarterly profit […]
Tech stocks set to open higher (Reuters)
Tech stocks set to open higher (Reuters) Reuters – Technology stocks looked set to rise on Wall Street on Friday following Microsoft’s earnings after Thursday’s bell, while concern about earnings and the economic outlook would likely weigh on blue chips. Source: news.yahoo.com
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
Overview: US concerns spark fresh volatility
Financial markets endured fresh volatility amid concerns about the outlook for the US economy and the mortgage exposure, with mixed results in global equities markets and oil closing at a record high Read More…
Volkswagen nine-month operating profit beats forecasts
Volkswagen nine-month operating profit beats forecasts FRANKFURT (Reuters) – Volkswagen posted a nearly 50 percent gain in nine-month operating profit thanks to resurgent earnings at its core VW brand after the world’s fourth largest carmaker cut thousands of job cuts last year. Source: feeds.reuters.com
Tamil Nadu demands parity in rice, wheat prices
Chennai, Oct 23 (IANS) Both the ruling party and the opposition in Tamil Nadu Tuesday appeared to have a consensus for raising the support price for paddy and said they would urge the central government to bring the price on par with that of wheat. They Read More…
Overview: US concerns spark fresh volatility
Financial markets endured fresh volatility amid concerns about the outlook for the US economy and the mortgage exposure, with mixed results in global equities markets and oil closing at a record high Read More…
Nissan surprises with core profit rise
Nissan surprises with core profit rise TOKYO (Reuters) – Nissan Motor Co posted a surprise 12 percent gain in quarterly operating profit on Friday as a pickup in its global car sales outweighed rising commodity prices, and it kept its full-year forecasts unchanged. Source: feeds.reuters.com Bank of America quits wholesale mortgage business NEW YORK (Reuters) […]
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