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Gold and Oil News - December 6, 2007 14:59
OPEC maintains output, calms markets with promise of review
ABU DHABI — OPEC hedged its bets yesterday, opting to keep production steady but setting a new meeting for Feb. 1 to raise output if prices skyrocket. Benchmark crude prices rose on word of the decision, but the prospect of a review early next year – Read More… Abu Dhabi, Dec 5 Opec agreed on […]
Sterling edges higher ahead of rate call
Sterling edges higher ahead of rate callDoubts over whether the Bank of England will cut UK interest rates at its meeting later on Thursday helped sterling recover some of the previous session’s lossesSource: www.ft.com
Economic growth slowing but not halting: OECD
Economic growth slowing but not halting: OECD PARIS (Reuters) – Economic growth is losing steam in the industrialized world after a strong run and the U.S. economy is slowing hard but not sliding into recession, the Organisation for Economic Co-operation and Development said on Thursday. Source: feeds.reuters.com
OPEC daily basket price stood at 85.50 dollars a barrel Wednesday, 5 December 07
OPEC daily basket price stood at 85.50 dollars a barrel Wednesday, 5 December 07 Extract not available. Source: c.moreover.com
What’s LIBOR Got To Do With It?
LIBOR, the London Interbank Offered Rate is set daily as the cost of short term borrowing between banks. Quoting LIBOR is all the rage at the moment, it even gets a mention on the national news these days. The question is why?
Asian stocks rise to three-week high
The dollar held firm as fears of a US recession eased after a batch of upbeat US data helped lift some of the gloom surrounding the world’s biggest economy Read More…
ECB to hold rates, keep firm line on inflation
FRANKFURT (Reuters) – The European Central Bank is expected to keep interest rates on hold on Thursday and highlight rising inflation risks, resisting a building global bias towards monetary policy easing. Read More… NEW YORK (Reuters) – Biotechnology company Genzyme Corp is not for sale, despite recent interest from financier Carl Icahn, the company’s chief […]
Sindh flour mills asked to lift 0.1 million wheat from Passco
Sindh flour mills asked to lift 0.1 million wheat from Passco ): The Sindh government has directed the flour mills to lift about 0.1 million tonnes wheat stock from Passco godowns in Southern Punjab to put breaks on the rising prices of flour and wheat in the domestic market, sources told Business Recorder here on […]
Asian stocks rise to three-week high
Asian stocks rise to three-week highThe dollar held firm as fears of a US recession eased after a batch of upbeat US data helped lift some of the gloom surrounding the world’s biggest economySource: www.ft.com
Dow up nearly 200 points as data calms fears
Dow up nearly 200 points as data calms fears NEW YORK (Reuters) – Major U.S. stock indexes rose more than 1 percent on Wednesday, after strong economic data calmed recession fears and helped halt a two-day sell-off. Source: feeds.reuters.com Shallow first-half recession seen for U.S. economy SAN FRANCISCO (Reuters) – A recession looms for the […]
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