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Gold and Oil News - December 6, 2007 8:59
Anticipated Rio Tinto bid drives steel stocks higher
Anticipated Rio Tinto bid drives steel stocks higher Chinese shares rose on Wednesday with the steel, nonferrous metal, new energy and medical instrument sectors leading the way. Baoshan shares rose 6.63 percent to 16.56 yuan (US$2.2), helping to drive up the whole steel sector. Gansu Jiu Steel Group and Source: c.moreover.com Yukon Zinc pulls financing […]
European stocks rally on rate hopes
European stocks rally on rate hopesEuropean equity markets moved soundly higher as weak economic data in the UK and the eurozone encouraged rising expectations of near-term interest rate cutsSource: www.ft.com
Robeco CEO says recession possible
Robeco CEO says recession possible AMSTERDAM (Reuters) – The U.S. economy might fall into a recession if U.S. consumption is hit by rising mortgage costs and declining housing prices, Robeco’s Chief Executive told Reuters on Tuesday. Source: feeds.reuters.com Regulators, lenders eye 5-year freeze: report NEW YORK (Reuters) – Federal regulators and lenders are homing in […]
Futures add to gains on ADP jobs data (Reuters)
Futures add to gains on ADP jobs data (Reuters) Reuters – Stock index futures extended gains on Wednesday after a report showed much larger private-sector employment growth in November than economists were expecting. Source: news.yahoo.com
RFD Illinois’ Tricia Braid Honored by IL Soybean Assoc
RFD Illinois’ Tricia Braid Honored by IL Soybean Assoc Nat’l Assoc of Farm Broadcasting (NAFB) reports: Tricia Braid Terry, RFD Illinois Radio Network, was recently honored by the Illinois Soybean Association (ISA) as the winner of its 2007 Excellence in Broadcasting Award. The award was presented at ISA’s Source: c.moreover.com
European stocks rally on rate hopes
European stocks rally on rate hopesEuropean equity markets moved soundly higher as weak economic data in the UK and the eurozone encouraged rising expectations of near-term interest rate cutsSource: www.ft.com
Regulators, lenders eye 5-year freeze
NEW YORK (Reuters) – Federal regulators and lenders are homing in on five years as the length of an interest-rate freeze on subprime mortgages, Bloomberg reported, citing a source familiar with the negotiations. Read More… HONG KONG (Reuters) – Investment banking fees in the Asia Pacific region rose 36 percent to a record $11.7 billion […]
Wall Street seen up after gains in Europe, Asia (Reuters)
Reuters – Stock index futures rose on Wednesday, inspired by gains in European and Asian stock markets ahead of economic data likely to provide clues on the outlook for U.S. interest rates. Read More…
Northern Rock Speculation And OPEC Production Plans In Focus Ahead Of Euro Markets Open – Euro Market Preview
$1.56 – $1.60 Bln $1.68 – $1.70 Bln US$0.33 – US$0.35 US$0.36 – US$0.38 US$53.5 – US$55.5 Mln US$55.5 – US$57.5 Mln Wind River Systems 0.28 – 0.30 0.30 – 0.31 $420 – $440 Mln $435 – $445 Mln Novartis Plans Expects To Commence Sales Of Four New Cancer Read More…
FTSE higher as bid energises miners
FTSE higher as bid energises minersLondon equities rebounded, helped by gains in the mining sector. Reports that the Bank of England had drawn up plans to nationalise Northern Rock and fresh evidence of the slowdown in UK house prices weighed on banksSource: www.ft.com
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