UPDATE 2-Gold gains $6 on bargain hunting, Fed outlook - November 23, 2007 9:00

UPDATE 2-Gold gains $6 on bargain hunting, Fed outlook dds quotes, oil prices) SINGAPORE, Nov 23 (Reuters) – Gold gained more than $6 an ounce on Friday as bargain hunting intensified after the U.S. dollar tumbled to record lows against the euro on expectations the Federal Reserve will slash interest rates Source: c.moreover.com China Steel […]

Oil steadies while gold breaches $800 - November 22, 2007 15:00

Oil steadies while gold breaches $800Oil consolidated after coming within striking distance of the $100 a barrel level during Wednesday’s session while gold traded above the $800 level but trading was expected to be light due to the US Thanksgiving holidaySource: www.ft.com

BASF CEO says not impossible to be acquired - November 22, 2007 15:00

STUTTGART (Reuters) – A takeover of Germany’s BASF AG is not impossible, the chief executive of the world’s largest chemicals company by sales said. Read More… PARIS (Reuters) – Air France KLM, the world’s biggest airline by revenues, posted a stronger-than-expected 28 percent jump in quarterly profit on Thursday, lifting its shares by as much […]

Crude Oil Now $99.29 a Barrel - November 22, 2007 15:00

Crude Oil Now $99.29 a Barrel Oil prices kept climbing yesterday as the dollar remained weak and closed near $100 a barrel. US light, sweet crude hit a record of $99.29 in Asian trading. London Brent crude rose 50 cents to $95.99 a barrel. Tight supplies, winter demand and continuing Source: c.moreover.com Forex Trading for […]

Dollar hits fresh lows against euro and Swiss franc - November 22, 2007 13:00

Dollar hits fresh lows against euro and Swiss francThe dollar fell to a record low against the euro and the Swiss franc on Thursday as the pressure mounted on the beleaguered US currency.Source: www.ft.com

Cerberus fights back against United Rentals - November 22, 2007 13:00

Cerberus fights back against United Rentals NEW YORK (Reuters) – Buyout firm Cerberus Capital Management said on Wednesday it was taking legal action to ensure United Rentals Inc honors the terms of a deal the pair struck in July, which Cerberus says caps its liability at $100 million. Source: feeds.reuters.com Jaguar, Land Rover unions back […]

TIN PRICE ENDS LOWER - November 22, 2007 13:00

TIN PRICE ENDS LOWER He said the LME, which normally influenced prices of the global tin market, saw the metal price fell by US$390 to US$16,410 per tonne ‘The traders are trying not to hold on to the commodity on worries that the global economy may slow down following the Source: c.moreover.com ECB gold sales […]

Cost of insuring European debt soars - November 22, 2007 9:00

Fears grow that at least one European institution could go out of business due to the fallout from losses in the US subprime mortgage and structured finance markets Read More…

BHP chief tries to soothe China nerves on Rio deal - November 22, 2007 9:00

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 […]