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Uncategorized - December 5, 2007 11:00
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
UBS, Goldman lead as Asia banking fees jump 36 pct
UBS, Goldman lead as Asia banking fees jump 36 pct HONG KONG (Reuters) – Investment banking fees in the Asia Pacific region rose 36 percent to a record $11.7 billion so far this year — roughly the gross domestic product of oil-rich Brunei — with UBS and Goldman Sachs the top earners. Source: feeds.reuters.com
OPEC Meeting
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Tokyo market slips on global gloom
Tokyo market slips on global gloomJapan’s benchmark Nikkei average fell 0.95 per cent to 15,480.19 as investors dumped shares in companies that would be most exposed to a global economic slowdown.Source: www.ft.com
OPEC’s big guns keep options open on oil increase
OPEC’s big guns keep options open on oil increase ABU DHABI (Reuters) – OPEC’s big Gulf producers are leaving open the option of an oil supply increase that could influence whether crude prices head back towards $100 a barrel or not. Source: feeds.reuters.com
Futures point down as financials drag (Reuters)
Reuters – Stock index futures fell on Tuesday, indicating a negative open for Wall Street, as large financial stocks fell on uncertainty about the outlook for a credit crisis recovery. Read More…
Millhouse buying 40% of Highland Gold for $400 mln
LONDON. Dec 4 (Interfax) – Highland Gold Mining (HGM), a British company that produces gold in Russia, is placing $400 million in shares in favor of Millhouse LLC, which represents billionaire Roman Abramovich and his partners. Highland said in a Read More… adding to last week’s 10% slump, on continued speculation that the producers’ cartel […]
UK banks facing ‘confluence of headwinds’
UK banks facing ‘confluence of headwinds’ Morgan Stanley further hit confidence in the battered UK banks as it warned that the sector was hitting a “confluence of headwinds”.Source: www.ft.com
OPEC’s big guns keep options open on oil increase
ABU DHABI (Reuters) – OPEC’s big Gulf producers are leaving open the option of an oil supply increase that could influence whether crude prices head back towards $100 a barrel or not. Read More…
Australian Shares Close Lower On Weak Base Metal Prices, U.S. Economic Growth Concerns
$161 Down From $182 Collins Stewart Credit Suisse Thomson’s ScholarOne Receives Patents For Technology Serving Web-based Solutions US Democrats Call For Rethink On Iran After Intelligence Report Cengage Learning To Buy Houghton Mifflin College Assets For Read More…
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