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Uncategorized - December 12, 2007 9:00
Asian markets disappointed with Fed rate cut
Shares fell across the Asia Pacific region as investors seemed worried by the US Federal Reserve’s statement that the US economy was slowing, and were concerned that its cut in interest rates may not be big enough to prevent a recession Read More…
Conergy cuts 2007 guidance, to shed 500 jobs
Conergy cuts 2007 guidance, to shed 500 jobs FRANKFURT (Reuters) – German solar energy group Conergy will cut 500 jobs as it sells non-core businesses and repositions itself as an integrated supplier, the company said on Wednesday, chopping its earnings guidance. Source: feeds.reuters.com Swiss regulator pressed UBS to increase capital: report ZURICH (Reuters) – Swiss […]
Return of the bulls pushes crude oil above $90
Return of the bulls pushes crude oil above $90 Oil futures closed above $90 a barrel yesterday, but retreated from earlier highs after the Federal Reserve disappointed investors by cutting a key US interest rate by less than many had hoped. While traders saw the Fed’s decision to trim the federal Source: c.moreover.com
Pensioned off?
There I was, keyboard and mouse at the ready, a hot mug of coffee carefully placed in the thoughtfully supplied cup holder on my Dell.
Commodities consolidate ahead of Fed
Commodity markets traded in consolidation mode as investors looked forward to the latest meeting of the Federal Reserve and an expected cut in US interest rates on Tuesday Read More…
H&R Block delays quarterly filing and sees wider loss
H&R Block delays quarterly filing and sees wider loss NEW YORK (Reuters) – H&R Block Inc , slammed over the past year by exposure to subprime mortgages, said on Tuesday it expects to report a wider quarterly loss due to losses on mortgage assets sales and charges related to restructuring its Option One Mortgage unit. […]
Futures stay put as Fed rate decision looms (Reuters)
Reuters – Stocks index futures were little changed on Tuesday as investors turned cautious before the Federal Reserve’s meeting later on Tuesday, which is expected to bring an interest-rate cut. Read More…
Oil Prices Rise Above $88, Eyes Texas Fog
Oil prices rose back above $88 a barrel on Tuesday as dense fog slowed U.S. crude oil imports along a key Texas waterway and traders shook off day-ago losses caused by forecasts for warmer weather that will curtail U.S. demand. Prices have slumped more Read More… Extract not available. Read More…
FTSE slips despite M&A talk
FTSE slips despite M&A talkXstrata led the field in London as merger talk kept the mining sector in focus, but weak property stocks held the FTSE 100 back.Source: www.ft.com
German investor morale sinks to near 15-year low
MANNHEIM, Germany (Reuters) – German investor sentiment fell in December to its lowest level in nearly 15 years, spooked by fears about the health of the U.S. economy and turmoil on financial markets. Read More…
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