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Gold and Oil News - November 23, 2007 15:00
Supreme Court bars Vedanta from mining bauxite
NEW DELHI (Reuters) – The Supreme Court barred Britain’s Vedanta Resources Plc on Friday from mining bauxite in sacred, forested hills in Orissa where tribal people and voluntary groups strongly oppose it. The court said it could not take ‘the risk’ of Read More…
Banks and drugs boost European stocks
European equities got a boost from banks and drugs stocks, with rumours about a merger in the French insurance sector also helping drive sentiment Read More…
TPG, BA to make Iberia bid decision over weekend
TPG, BA to make Iberia bid decision over weekend LONDON/MADRID (Reuters) – TPG and British Airways will decide over the weekend whether to proceed with their 3.4 billion euro ($5.07 billion) bid for Iberia, according to a source familiar with the talks. Source: feeds.reuters.com
U.S. stocks head for higher open (AP)
AP – U.S. stocks headed for a higher open Friday as investors awaited signs of how well retailers might fare during the holiday shopping season. Read More…
High steel price forces out auto plate substitutes
Gold price higher in Hong Kong — Nov. 21 Gold price lower in Hong Kong — Nov. 20 China steel shares jump on Baosteel price hike Gold price down in Hong Kong — Nov. 19 Gold price down in Hong Kong — Nov. 16 Zinc price trend has turned: NDRC China Read More… Ad – […]
Trading in derivatives slows to a trickle
Liquidity in some of the world’s biggest derivatives markets has dried amid increasing fears over the health of the international financial system Read More…
SIV-Plan founders to seek support for fund: report
SIV-Plan founders to seek support for fund: report NEW YORK (Reuters) – Three U.S. banks drawing up a plan to ease the credit markets are expected to ask others in the industry to help out next week, the Wall Street Journal reported in its online edition, citing sources familiar with the situation. Source: feeds.reuters.com Orascom […]
Gold gains $6 on bargain hunting, Fed outlook
FP Trading Desk Blog Top Sports Stories Top Driving Stories Lewa Pardomuan, Reuters Published: Thursday, November 22, 2007 SINGAPORE, Nov 23 (Reuters) – Gold gained more than $6 an ounce on Friday as bargain hunting intensified after the U.S. dollar Read More…
Dollar at two-year low against yen
Currencies took centre stage on Asian markets as the dollar fell below Y108 for the first time since the middle of 2005 as speculation grew that the US Federal Reserve would have to cut interest rates further as credit-market losses increase Read More…
Oil firms on falling dollar
SINGAPORE (Reuters) – Oil edged back up above $97 a barrel in thin trade on Friday, buoyed by the unrelenting decline in the U.S. dollar, while some OPEC members showed signs of stepping up output ahead of their policy meeting in two weeks. Read More…
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