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Uncategorized - December 4, 2007 9:00
UK businessmen charged in marine hose cartel
UK businessmen charged in marine hose cartel WASHINGTON (Reuters) – Three British businessmen on Monday were charged in federal court for their alleged roles in a price-fixing oil industry cartel involving the sale of products worth hundreds of millions of dollars. Source: feeds.reuters.com EBay, Yahoo Japan to link up auction services TOKYO (Reuters) – EBay […]
Oil rises as OPEC shows reluctance to boost output
clawing its way out of a slump from a record high set last month, following signs that OPEC will probably resist consumer nations’ calls to pump more oil. Several members of the cartel have said they believe the world oil market is well supplied and Read More…
Consumer fears knock FTSE
Consumer fears knock FTSEProfit warnings from Clapham House Group and Regents Inns knocked the FTSE. Shares in the operator of the Gourmet Burger Kitchen and Real Greek restaurant chains slumped as evidence mounted that UK consumers were cutting back on spending.Source: www.ft.com
Citi economist sees another 100 bps in Fed rate cuts
Citi economist sees another 100 bps in Fed rate cuts SINGAPORE (Reuters) – The Federal Reserve will cut interest rates by 100 basis points before June to help the housing market, Citigroup’s chief economist, Lewis Alexander, said on Monday. Source: feeds.reuters.com
Futures edge higher before factory data (Reuters)
Futures edge higher before factory data (Reuters) Reuters – Stock index futures rose slightly on Monday before data on manufacturing that could help determine the chances for a Federal Reserve interest rate cut later this month. Source: news.yahoo.com
Oil slides to 5-week low ahead of OPEC meeting
Oil slides to 5-week low ahead of OPEC meeting SINGAPORE (Reuters) – Oil prices retreated from an early spurt on Monday to slump to a 5-week low below $88 a barrel ahead of an OPEC meeting this week. By 1110 GMT U.S. light, sweet crude for January delivery was down $1.04 at $87.67 a barrel, […]
Yen rallies in flight from risk
A cautious start on currency markets drove Japan’s yen higher as a fresh bout of risk aversion ensured carry trade positions were shunned Read More…
Profitable but pelted, Toyota shares due for rebound
Profitable but pelted, Toyota shares due for rebound TOKYO (Reuters) – Shares in Toyota Motor Corp have been battered this year, lagging both global auto peers and a weak Japanese stock market, but analysts are near unanimous that the world’s most profitable carmaker is due for a bounce. Source: feeds.reuters.com Fed in focus, markets take […]
Wall St seen opening weaker after four-day rally (Reuters)
Wall St seen opening weaker after four-day rally (Reuters) Reuters – Futures pointed to a weaker opening on Monday, with investors expected to lock in profits after a four-day rally and with little on the corporate agenda. Source: news.yahoo.com
Egypt May Import Wheat From Iran
Egypt May Import Wheat From Iran Extract not available. Source: c.moreover.com
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