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Uncategorized - November 28, 2007 15:00
UBS shares soar on stake speculation, bargain hunt
UBS shares soar on stake speculation, bargain hunt ZURICH (Reuters) – Shares in Swiss-based bank UBS AG powered higher on Wednesday on speculation that Asian or Gulf-based investors may target European banks whose stock has weakened in the wake of the subprime crisis. Source: feeds.reuters.com
Futures rise further on Fed’s Kohn (Reuters)
Futures rise further on Fed’s Kohn (Reuters) Reuters – Stock index futures added to gains on Wednesday after Federal Reserve Vice Chairman Donald Kohn cited the need for a more flexible monetary policy, raising hopes of an interest rate cut. Source: news.yahoo.com
Oil prices near US$94 as OPEC says it’s ready to supply more oil
SINGAPORE – Crude oil futures fell further Wednesday amid a widening belief that OPEC will consider increasing production to ease record prices. The president of the Organization of Petroleum Exporting Countries said the group stands ready to put more Read More… Top Gulf OPEC officials expressed alarm today at oil prices threatening to top $100, […]
Sinotruk skids 15% in HK debut
Sinotruk skids 15% in HK debutShares of Sinotruk, China’s biggest heavy truck maker, fell 15.7% on their debut in Hong Kong, the latest large Chinese IPO to fall victim to poor investor sentimentSource: www.ft.com
Wells Fargo to take $1.4 billion charge for bad loans
Wells Fargo to take $1.4 billion charge for bad loans NEW YORK (Reuters) – Wells Fargo & Co , the second-largest U.S. mortgage lender, said on Tuesday it would take a $1.4 billion fourth-quarter charge largely related to losses on home equity loans as the nation’s housing market deteriorates. Source: feeds.reuters.com
Oil Prices Drop Below $94 a Barrel
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Yen dips against dollar, euro and pound
The yen lost ground and high-yielding currencies rallied after Citigroup, announced it was selling a stake to the Abu Dhabi government Read More…
Toyota to recall 215,020 Lexus, other cars in Japan
Toyota to recall 215,020 Lexus, other cars in Japan TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it would recall 215,020 units of the Lexus GS, Crown and three other high-end car models in Japan to fix a faulty fuel pipe that could lead to a fuel leakage. Source: feeds.reuters.com
New legume facility a boost for Isis soybean industry
Qld Minister for the Department of Primary Industries (DPI&F), Tim Mulherin, this week, opened a new soybean handling and storage complex, initiated, developed and constructed by the Isis Central Sugar Mill (ICSM) and partners. Mr Mulherin said Read More… Crude oil futures fell further Wednesday amid a widening belief that OPEC will consider increasing production […]
Yen dips against dollar, euro and pound
Yen dips against dollar, euro and poundThe yen lost ground and high-yielding currencies rallied after Citigroup, announced it was selling a stake to the Abu Dhabi governmentSource: www.ft.com
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