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Uncategorized - December 11, 2007 15:00
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…
Stock index futures almost flat; Fed awaited (Reuters)
Stock index futures almost flat; Fed awaited (Reuters) Reuters – Stock index futures were virtually unchanged ahead of the start of Wall Street trading on Tuesday, with all eyes on the Federal Reserve’s monetary policy decision due to be announced at 1415 EST. Source: news.yahoo.com
Chinese companies to takeover Peruvian copper mine: report
Extract not available. Read More… BEIJING, Dec 11 (Reuters) – China’s crude oil imports rose 1 percent in November from a year earlier to 13.61 million tonnes, preliminary government data showed on Tuesday, as the country suffered through a serious domestic fuel shortage. November Read More…
Property stocks weigh on London
Property stocks weigh on LondonXstrata led the field in London as merger talk kept the mining sector in focus, but weak property stocks held the FTSE 100 back in early tradeSource: www.ft.com
Toyota head sees annual cost cuts over $2.7 bln
Toyota head sees annual cost cuts over $2.7 bln TOYOTA CITY, Japan (Reuters) – The head of Toyota Motor Corp said on Tuesday that he expected more than $2.7 billion in annual cost savings starting next year from the automaker’s latest cost-cutting plan. Source: feeds.reuters.com
UPDATE 2-China Nov crude oil imports up 1 pct on yr
BEIJING, Dec 11 (Reuters) – China’s crude oil imports rose 1 percent in November from a year earlier to 13.61 million tonnes, preliminary government data showed on Tuesday, as the country suffered through a serious domestic fuel shortage. November Read More…
Miner Xstrata open to merger suitors: FT
LONDON (Reuters) – Xstrata Plc , the world’s sixth-biggest mining company, is open to talks with potential suitors, including Vale and Anglo American , the Financial Times said on Tuesday. Read More…
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