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Gold and Oil News - November 28, 2007 9:00
Murray Goulburn says GM grains won’t impact products
Dairy processing company Murray Goulburn is telling consumers that it is confident a move to genetically modified (GM) grains will not affect its products. The company processes milk from Gippsland dairy farmers, in south-east Victoria, and sells Read More… SINGAPORE (Reuters) – Oil extended losses to below $94 on Wednesday, after falling 3 percent a […]
European stocks struggle as steelmakers fall
European stocks struggle as steelmakers fallEuropean equity markets struggled for direction as a bounce in bank stocks was offset by falling steelmakers and utility groupsSource: www.ft.com
Staples quarterly profit falls
Staples quarterly profit falls NEW YORK (Reuters) – Staples Inc , the biggest U.S. specialty retailer of office supplies, reported lower quarterly profit on Tuesday, hurt by a charge related to a class-action settlement and lower same-store sales in its U.S. stores. Source: feeds.reuters.com Virgin to ask N.Rock’s small investors for $1,600 LONDON (Reuters) – […]
Futures gain on Citigroup (Reuters)
Reuters – Stock index futures gained on Tuesday, indicating Wall Street would rebound from the previous day’s drop, after Citigroup Inc. got a $7.5 billion capital injection from Abu Dhabi, adding to confidence that major banks can withstand the mortgage market crisis. Read More…
Oil drops $1 on prospect of OPEC supply boost
Extract not available. Read More… LONDON (Reuters) – Oil fell below $97 a barrel on Tuesday as investors bet that the OPEC exporter group will boost supply for a second time this year at a meeting next week to cool near-record prices. Influential Saudi Oil Minister Ali al-Naimi gave Read More…
Asian markets send mixed message
Asian markets send mixed messageSome markets ended higher while others sank as an overnight decline on Wall Street interacted with news that the Abu Dhabi Investment Authority had bought a $7.5bn stake in CitigroupSource: www.ft.com
GM not ruling out interest in Proton tie-up
KUALA LUMPUR (Reuters) – General Motors Corp has not ruled out interest in a possible alliance with Malaysian car-maker Proton , a senior GM official said on Tuesday, despite the Malaysian firm’s intention to go it alone. Read More… SHANGHAI (Reuters) -Expedia Inc’s corporate travel agency plans to start up a service in China by […]
MCX plans gold coin futures contract
MCX plans gold coin futures contract MUMBAI: The Multi Commodity Exchange of India (MCX) is planning to a launch gold coin futures contract on its exchange to tap the small retail investor and is expected to apply to the FMC next month. While the contract specifications are still being Source: c.moreover.com
US stocks slide despite Fed move on funding
US stocks slide despite Fed move on funding US stock prices and bond yields plunged as credit fears grew in spite of aggressive efforts by the Federal Reserve to head off a year-end funding squeezeSource: www.ft.com
Citigroup shares below $30
Citigroup shares below $30 NEW YORK (Reuters) – Citigroup Inc shares fell below $30 for the first time in more than five years on Monday, amid mounting concern about mortgage losses and possible further job cuts at the largest U.S. bank by assets. Source: feeds.reuters.com
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