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Uncategorized - September 17, 2007 14:00
Greenspan puts recession odds just above 1-in-3
NEW YORK (Reuters) – Former Federal Reserve Chairman Alan Greenspan said the probability of a U.S. recession was now slightly more than a third, after he earlier in the year put the chances at one-third, The Wall Street Journal reported in its online edition on Monday. Read More…
Stocks poised to open lower (AP)
Stocks poised to open lower (AP) AP – U.S. stocks pointed toward a lower opening Monday, as the market traded nervously ahead of Tuesday’s decision by the Federal Reserve on interest rates. Source: news.yahoo.com
Historic first for crude oil: An $80-per-barrel close
Historic first for crude oil: An $80-per-barrel close Crude oil, the world’s economic lifeblood, closed at more than $80 a barrel last week for the first time. The milestone is symbolic, but the potential of rising oil prices to harm the ability of businesses to expand and consumers to spend is not. ‘It’s Source: c.moreover.com
Wall Street seen opening lower on credit worries (Reuters)
Reuters – Stock futures pointed to a lower open on Monday as embattled British bank Northern Rock's troubles mounted, adding to global credit concerns before an expected U.S. interest rate cut this week. Read More…
Australian stocks: Market lower on Fed
Australian stocks: Market lower on Fed SYDNEY – The Australian share market closed lower today in a relatively uneventful session ahead of the US Federal Reserve’s anticipated interest rate cut tomorrow night. At the 1615 AEST close, the benchmark S&P/ASX200 index fell by 35.4 points to Source: c.moreover.com
Banks remain under fire in London
Banks remain under fire in LondonThe FTSE fell sharply as the fall-out from the rescue of Northern Rock continued to hit the market. Other lenders also suffered from the growing crisis of confidence, fuelled by comments from Alan Greenspan, former chairman of the Federal Reserve, that US house prices were likely to fall “significantly”.Source: www.ft.com
Microsoft suffers stunning EU antitrust defeat
Microsoft suffers stunning EU antitrust defeat BRUSSELS/LUXEMBOURG (Reuters) – Microsoft suffered a stunning defeat on Monday when a European Union court backed a European Commission ruling that the U.S. software giant illegally abused its market power to crush competitors. Source: feeds.reuters.com Stocks, sterling falls as N.Rock woes deepen LONDON (Reuters) – Asian and European stocks […]
CORRECTED-UPDATE 1-S’pore light distillate stocks at 7-wk high
Change Volume LIGHT END STOCKS +477,000 bbls 8.989 mln bbls DISTILLATE STOCKS +1,250,000 bbls 7.749 mln bbls FUEL OIL STOCKS +65,000 bbls 12.974 mln bbls * LIGHT DISTILLATES AT 7-WEEK HIGH – Singapore’s light distillate stocks rose to 8.989 million Read More…
Oil falls toward $78 as Atlantic storm fades
SINGAPORE (Reuters) – Oil prices on Monday extended a retreat from record highs after tropical storm Ingrid faded in the Atlantic over the weekend, soothing fears it could hit Gulf of Mexico crude production and refining. Read More…
Bombay Stock Exchange Key Index Rises, Led by Reliance Industries, Infosys
Bombay Stock Exchange Key Index Rises, Led by Reliance Industries, Infosys Sep. 17 (Bloomberg) — India’s benchmark stock index, the Mumbai Stock Exchange Sensitive Index, rose 0.48 percent at 10:00 a.m. The index of 30 companies traded on the Mumbai Stock Exchange rose 75.00 to 15,678.80. Among the stocks included in the index Source: c.moreover.com
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