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Uncategorized - October 11, 2007 12:00
Oil approaches $82 awaiting inventories
Ahead of the latest US inventories data, crude oil prices rose towards the $82 level after gaining more than $1 in the previous session amid heightened geo-political tensions and production problems in Alaska. Read More…
U.S. asks court to reinstate charges in KPMG case
U.S. asks court to reinstate charges in KPMG case NEW YORK (Reuters) – Prosecutors on Wednesday asked an appellate court to reinstate criminal charges against 13 former KPMG partners in a closely watched case involving questionable tax shelters. Source: feeds.reuters.com
Producer price index and commodity price index for the industrial sectors: Energy prices up, manufacturing prices down
Producer price index and commodity price index for the industrial sectors: Energy prices up, manufacturing prices down price index Producer price index Source: c.moreover.com
Property stocks fall on RICS report
The FTSE 100 started the session 0.3% stronger at 6,656.2, a rise of 23 points largely accounted for by a bullish mining sector. Mid-cap financial stocks continued to recover, helping the FTSE 250 rise 0.3 % Read More…
Greenspan sees U.S. economic toll from credit crunch
Greenspan sees U.S. economic toll from credit crunch NEW YORK (Reuters) – The credit crunch that has troubled financial markets in recent months will eventually take its toll on the U.S. economy, former Federal Reserve Chairman Alan Greenspan said on Wednesday. Source: feeds.reuters.com Philips sells LG.Philips shares for $2.2 billion: source SEOUL (Reuters) – Philips […]
CBH welcomes Labor’s wheat marketing plan
Western Australia’s bulk grain handler, CBH Group, likes Labor’s promise to open up wheat exporting to all companies. Labor has proposed a new model for exporting wheat which it says retains a single desk for the control of wheat exports while allowing a Read More… CHINA Development Bank and Barclays yesterday said the two parties […]
Chrysler reaches tentative deal with UAW union
DETROIT (Reuters) – Chrysler LLC and the United Auto Workers union reached a tentative labor agreement on Wednesday, ending a strike against the No. 3 U.S. automaker just over six hours after it began. Read More…
World oil prices soar over $US81
World oil prices soar over $US81 Article from: Agence France-Presse Font size: Decrease Increase : Email : Print From correspondents in New York OIL prices rose on global markets overnight as traders fretted over tight energy supplies ahead of approaching winter months. The prospect of Source: c.moreover.com
Dollar falls on uncertain US outlook
The dollar fell after its two-day rally stalled on Tuesday night after minutes from September’s US Federal Reserve meeting failed to rule out the possibility of further rate cuts. Read More…
Cadbury to demerge North American drinks unit
Cadbury to demerge North American drinks unit LONDON (Reuters) – Cadbury Schweppes, the world’s largest confectionery group, said it will focus on demerging its 7 billion-pound ($14.2 billion) North American soft drinks unit and list the business in New York rather than sell it off. Source: feeds.reuters.com
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