N. Rock says gets more expressions of interest - November 21, 2007 9:00

LONDON (Reuters) – Stricken British bank Northern Rock said on Wednesday it had received additional expressions of interest, including one which contemplates an offer for the company well below Tuesday’s closing market price. Read More… TOKYO (Reuters) – U.S. Treasury Secretary Henry Paulson said the number of potential U.S. home-loan defaults “will be significantly bigger” […]

President Chavez’ agenda for 3rd OPEC Summit to strengthen the institution - November 21, 2007 9:00

President Chavez’ agenda for 3rd OPEC Summit to strengthen the institution Prensa Latina: Venezuelan President Hugo Chavez said his agenda for the third Summit of the Organization of Petroleum Exporting Countries includes some items to brace the institution. President Chavez’ agenda for 3rd OPEC Summit to strengthen the Source: c.moreover.com USA threatening Iran in bid […]

London rallies as banks turn higher - November 20, 2007 15:00

London rallies as banks turn higherShares in London turned higher by midday on after a volatile morning’s trade. Shares in Paragon, a buy-to-let mortgage specialist, plunged after it said funding had dried upSource: www.ft.com

Builder D.R. Horton posts quarterly loss - November 20, 2007 15:00

NEW YORK (Reuters) – D.R. Horton Inc , the largest U.S. home builder, on Tuesday reported a quarterly loss after taking charges for the lower value of land and other housing-related inventory, a reflection of the sagging U.S. housing market. Read More… NEW YORK (Reuters) – Goldman Sachs issued a gloomy report on the U.S. […]

Futures lose ground on Freddie Mac news (Reuters) - November 20, 2007 15:00

Reuters – Stock index futures rose on Tuesday but were well off their session highs after Freddie Mac posted a $2 billion quarterly loss, offsetting optimism from other company earnings that topped forecasts. Read More…

COMMODITIES-Extend losses as credit worries bite - November 20, 2007 15:00

‘People are dumping equities and commodities. It’s quite scary – the herd is rushing to exit.’ Gold dipped to its lowest in four weeks around $772.60 an ounce after twice failing to break above $850 in the past two weeks. Copper for delivery in Read More…

Asian stocks recover after early slump - November 20, 2007 13:00

Asian markets ended broadly higher, clawing back early losses in step with Japanese shares, which were lifted by a retreat in the yen and a takeover deal in the banking sector Read More…

JC Flowers submits offer for N.Rock: source - November 20, 2007 13:00

LONDON (Reuters) – U.S. buyout firm JC Flowers has submitted an offer for stricken British bank Northern Rock that would include an offer to its shareholders at a “nominal value”, a person familiar with the situation said. Read More…

Oil Prices Drop to Near $94 a Barrel - November 20, 2007 13:00

SINGAPORE — Oil prices fell Tuesday as expectations that U.S. crude supplies rose last week offset concerns that OPEC would not increase output. ‘The market’s watching pretty closely what the U.S. crude supply will look like in the near term,’ said Mark Read More…