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Uncategorized - December 3, 2007 13:00
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
Northern Rock leads London fall
London stocks opened lower as Northern Rock fell 4.2% on renewed uncertainty about its future. Rank shares jumped after Genting of Malaysia confirmed a 9.38% stake Read More…
TOM Group shrs jump, says no investment in Facebook
HONG KONG (Reuters) – Media services firm TOM Group said on Monday it had not invested in Facebook after a report saying its major shareholder Li Ka-shing had invested in the social network helped push its shares 48 percent higher. Read More… BEIJING (Reuters) – Nasdaq opened an office in Beijing on Monday, a move […]
Fed in focus, markets take a breather (Reuters)
Reuters – Investors took a breather from last week's intensive market action on Monday with stocks flat to slightly lower and the dollar edging lower, keeping the focus on an expected U.S. rate cut later in the month. Read More…
OPEC dilemma cloud outlook for oil output, prices: Analyst
LONDON: OPEC, the oil producers group that pumps about 40 percent of the worlds crude, risks oversupplying the market if it decides to hike output at a policy meeting this week, analysts said. But leaving output quotas unchanged could send oil prices to Read More… Hartford – HARTFORD — Triple Point Technology, the leading global […]
Asian stocks take a breather
Oil bounced back above $89 a barrel after last week’s near-$10 slide, but Asian stock markets took a breather after posting their best weekly gain in more than three months Read More…
Dollar edges down, yen gains as caution prevails
TOKYO (Reuters) – The dollar dipped against the euro and yen on Monday as market players took profits on last week’s gains scored after Federal Reserve officials signaled they would cut interest rates as needed to help the economy and markets recover. Read More…
Oil pops above $89, stock rally stalls (Reuters)
Oil pops above $89, stock rally stalls (Reuters) Reuters – Oil steadied at above $89 a barrel on Monday following last week's near $10 slide, but Asian stocks took a breather after posting their best weekly gain in more than three months. Source: news.yahoo.com
OPEC’s tough call: Raise or hold oil supply
OPEC’s tough call: Raise or hold oil supply After a year of dizzying gains for energy markets, a rapid fall in oil prices lately is posing a dilemma for OPEC, the oil-producing cartel. Should OPEC make industrialized countries happy by increasing the oil supply, a move that would probably send Source: c.moreover.com
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