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Uncategorized - November 30, 2007 9:00
Fed will protect economy, not individuals: Mishkin
Fed will protect economy, not individuals: Mishkin CAMBRIDGE, Massachusetts (Reuters) – The Federal Reserve will act to protect the wider economy from financial turmoil but not to shelter individual investors from losses, Fed Board Governor Frederic Mishkin said on Thursday. Source: feeds.reuters.com Banks, U.S. near deal to freeze subprime rates: report NEW YORK (Reuters) – […]
Russia keeps piling up gold reserves
Russia keeps piling up gold reserves .Russia’s gold and currency reserves stood at an all time high of 459.6bn on November 23, up 0.8 percent or $3.8bn from the previous figure. As reported earlier, between October 5 and November 16, the Bank of Russia’s reserves surged $34.8bn, or over 8 Source: c.moreover.com
FTSE falls as banks fail to hold gains after A&L update
London lost opening gains on Thursday, after Alliance & Leicester put a lower figure than feared on the amount of money it lost on torrid credit markets but the wider banking sector could not hold its gains. Read More…
Fire shuts key Canada-U.S. pipeline, oil soars
Fire shuts key Canada-U.S. pipeline, oil soars HOUSTON/LONDON (Reuters) – An explosion crippled the biggest pipeline supplying Canadian crude to U.S. Midwest refineries, shutting off more than 1 million barrels per day of imports to the world’s biggest consumer. Source: feeds.reuters.com
Futures slip after jobless claims data (Reuters)
Futures slip after jobless claims data (Reuters) Reuters – Stock index futures edged lower on Thursday, pointing to a lower market open, after weekly jobless claims jumped to the highest level since February. Source: news.yahoo.com
Opec ready to meet Asian demand rise
Opec ready to meet Asian demand rise ABU DHABI / SINGAPORE UAE Energy Minister Mohammed bin Dha’en Al Hamili yesterday reiterated readiness of the members of Organisation of Petroleum Exporting Countries (Opec) to increase their oil production to meet the rising demand in Asia. Al Hamili, Source: c.moreover.com Ivorian cocoa union says to blockade San […]
Tokyo pushes up to two-week high
Tokyo pushes up to two-week highJapanese equities rose more than 2 per cent with a fall in the yen to below the Y110 to the dollar level pushing the Nikkei up 2.4 per cent to 15,513, its highest close in over two weeksSource: www.ft.com
E*Trade gets $2.55 bln cash infusion from Citadel
E*Trade gets $2.55 bln cash infusion from Citadel NEW YORK (Reuters) – Online brokerage E*Trade Financial Corp , which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from Citadel Investment Group. Source: feeds.reuters.com
IKB delays results due to subprime problems (AFP)
IKB delays results due to subprime problems (AFP) AFP – Troubled German business lender IKB, controlled by state-owned KfW bank, said Thursday it was delaying publication of quarterly results due Friday as its tries to account for its exposure to problem US subprime home loans. Source: news.yahoo.com
No hint from officials on whether Opec will increase output
No hint from officials on whether Opec will increase output Extract not available. Source: c.moreover.com
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