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Uncategorized - November 22, 2007 9:00
BHP chief tries to soothe China nerves on Rio deal
BHP chief tries to soothe China nerves on Rio deal BEIJING (Reuters) – China is worried that BHP Billiton Ltd will have too much power in setting iron ore prices if it takes over rival Rio Tinto Ltd/Plc but recognizes that a tie-up could help secure long-term supplies, a manager at the country’s No. 2 […]
Why oil prices are at a record high?
Strong demand for crude and a weak dollar have fuelled the rally from a dip below $50 at the start of the year. Adjusted for inflation, oil is still below the $101.70 peak hit in April 1980, according to the International Energy Agency, a year after the Read More… World oil prices hit a new […]
Wall Street set for bruising open
Wall Street stocks were set for another bruising start on Wednesday, ahead of Thanksgiving, amid escalating worries over the economy and financials Read More…
Mortgage applications drop in week: MBA
NEW YORK (Reuters) – Mortgage applications fell last week, with demand for both refinancings and home purchases waning, an industry group said on Wednesday. Read More…
Futures sink on oil worry, global sell-off (Reuters)
Reuters – Stock futures tumbled on Wednesday on concern about the outlook for consumer spending and profits after crude oil prices neared $100 a barrel. Read More…
Rabobank adapts to the changing wheat market
Rabobank adapts to the changing wheat market Extract not available. Source: c.moreover.com
Investors disillusioned with Japanese equities
Investors disillusioned with Japanese equitiesAfter falling to near-two year lows, are stocks now too cheap?Source: www.ft.com
N. Rock gets more approaches, but pitched low
N. Rock gets more approaches, but pitched low LONDON (Reuters) – Stricken British bank Northern Rock has received more rescue proposals, but warned that one of them contemplated an offer well below Tuesday’s closing price, sparking a new slide in its shares on Wednesday. Source: feeds.reuters.com
CORRECTED – CORRECTED-CORRECTED-China minerals demand may wane – LME executi
CORRECTED – CORRECTED-CORRECTED-China minerals demand may wane – LME executi (Corrects Crowson’s title to official from director in first paragraph and adds description in second paragraph) SYDNEY, Nov 19 (Reuters) – China’s hefty appetite for raw materials may wane after next year’s Olympics as social and inflationary pressures Source: c.moreover.com
London shares slide as oil soars
Shares in London fell sharply after heavy losses in Asia, while sentiment was further damped by oil prices surging within a whisker of $100 a barrel Read More…
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