Greenspan puts recession odds just above 1-in-3 - September 17, 2007 14:00

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) - September 17, 2007 14:00

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 - September 17, 2007 14:00

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) - September 17, 2007 13:17

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 - September 17, 2007 13:16

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 - September 17, 2007 12:00

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 - September 17, 2007 12:00

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 - September 17, 2007 12:00

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 - September 17, 2007 10:00

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…