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Gold and Oil News - September 19, 2007 10:00
Oil prices surge on Fed rate cut
Oil prices surge on Fed rate cut NEW YORK (AP) — Oil futures rose to new records Tuesday after the cut interest rates by a larger than expected half percentage point, raising market hopes that economic growth will accelerate and lift demand even as crude oil and gasoline inventories Source: c.moreover.com
NBA hires local Microsoft boss to lead China push
NBA hires local Microsoft boss to lead China push BEIJING (Reuters) – The National Basketball Association has hired the head of Microsoft’s China operations to lead a new push into a country that is already its largest market outside the United States, the league said on Wednesday. Source: feeds.reuters.com
Asia stocks jump after Wall Street surge (AP)
AP – Asian stocks soared Wednesday in the wake of Wall Street’s overnight surge spurred by the U.S. Federal Reserve’s larger-than-expected interest rate cut. Read More…
Oil prices rise to new records after Fed cuts interest rates
Oil prices rise to new records after Fed cuts interest rates NEW YORK (AP) — Oil futures rose to new records Tuesday after the cut interest rates by a larger than expected half percentage point, raising market hopes that economic growth will accelerate and lift demand even as crude oil and gasoline inventories Source: c.moreover.com
RBA quashes bank funding rumours
RBA quashes bank funding rumoursAustralia’s central bank denied market speculation that regional lender Adelaide Bank had come to it for emergency fundingSource: www.ft.com
Fed starts one-day meeting as markets eye rate cut
Fed starts one-day meeting as markets eye rate cut WASHINGTON (Reuters) – Federal Reserve policy-makers started a one-day meeting on Tuesday that was widely expected to end with Chairman Ben Bernanke’s first interest rate cut. Source: feeds.reuters.com
Financials weigh on Asian stock markets (FT.com)
FT.com – Asian stocks dropped on Tuesday as fresh fears over turmoil in the credit markets weighed on banking shares, though energy companies benefitted from a record price for US crude. Read More…
Krasnodar region posts primary crude oil processing
Krasnodar region posts primary crude oil processing If you have questions regarding registration in the system, please call us at tel. (495) 787-17-67, 787-41-11 or fill in the inquiry form Source: c.moreover.com OPEC chief says high oil prices not to last long The prediction came after oil prices briefly hit a record high of over […]
Paulson seeks to assuage subprime concerns
Paulson seeks to assuage subprime concernsHenry Paulson, US Treasury secretary, sought to reassure European governments that the financial turmoil sparked by the US subprime mortgage crisis would not have a lasting effect on the world’s marketsSource: www.ft.com
Ford could speed cost cuts amid slow economy: report
NEW YORK (Reuters) – Ford Motor Co may accelerate cost cutting if a slowing U.S. economy puts the auto maker at risk of missing key financial goals in 2008 and 2009, the Wall Street Journal reported in its online edition on Tuesday, citing an interview with an executive. Read More…
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