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Uncategorized - September 14, 2007 8:00
US stocks rise overnight
US stocks rise overnight US stocks rose after a broker upgraded investment banks, McDonald’s Corp boosted its dividend by 50 per cent, and biggest lender Countrywide Financial Corp said it had obtained $12 billion of additional financing. The Dow Jones industrial average rose Source: c.moreover.com
OPEC decides to increase crude oil production
VIENNA, Sept. 11 (Xinhua) — OPEC decided in a surprise move to increase its daily oil output by 500,000 barrels in efforts to stabilize the jittery market on Tuesday. The increase will be executed starting from Nov. 2, said the 12-nation Organization of Read More…
Oil stocks stand out in subdued Tokyo
Oil stocks stand out in subdued TokyoJapanese shares moved little a day after the prime minister resigned, with the Nikkei ending up 0.2 per cent at 15,821.19 as oil firms gained on record crude pricesSource: www.ft.com
Oil near $80 as investors build positions
LONDON (Reuters) – Oil edged lower on Thursday, but kept within sight of the previous day’s all-time high above $80, as investors stayed locked into the market for the long haul. Read More…
Surging oil unnerves investors
LONDON (CNNMoney.com) — U.S. stocks are likely to trade lower Thursday, with oil prices hovering near $80 a barrel and the dollar near an all-time low versus the euro. At 4:32 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value Read More…
House price slowdown hits sterling
The pound came under pressure on Thursday, holding close to a four-month low against the euro, after a survey showed showed UK house prices fell for the first time in two years. Read More…
ECB, Paulson see growth threat
ECB, Paulson see growth threat LONDON (Reuters) – A global credit crisis has increased the threat to growth, the European Central Bank said on Thursday, as G7 governments asked for a report on the genesis of the turmoil for next month’s meeting of finance chiefs. Source: feeds.reuters.com Temasek, Italians pull out of LSE race: reports […]
U.K.’s FTSE 100 Falls, Led by Banks, Northern Rock After House Prices Drop
By Sarah Jones Sept. 13 (Bloomberg) — U.K. stocks dropped, paced by Northern Rock Plc, HBOS Plc and Alliance & Leicester Plc after British house prices declined for the first time since 2005. Scottish & Newcastle Plc slid after Merrill Lynch & Co. said Read More…
In surprise move, OPEC agrees to boost crude oil output
In surprise move, OPEC agrees to boost crude oil output VIENNA, Austria (AP) – OPEC sought to reassure jittery oil markets Tuesday by agreeing to boost crude production by 500,000 barrels a day – a move the cartel conceded was prompted partly by ‘clouds on the horizon’ from the U.S. housing slump. The Source: c.moreover.com
Surging oil unnerves investors
LONDON (CNNMoney.com) — U.S. stocks are likely to trade lower Thursday, with oil prices hovering near $80 a barrel and the dollar near an all-time low versus the euro. At 4:32 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value Read More…
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