Author Archive
Gold and Oil News - November 20, 2007 13:00
Oil Prices Drop to Near $94 a Barrel
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…
European equity volatility intensifies
European equity gains were short lived as further losses in the financial sectors offset the positive impact of gains for utilities Read More…
Goldman paints bleak picture for housing, financials
Goldman paints bleak picture for housing, financials NEW YORK (Reuters) – Goldman Sachs issued a gloomy report on the U.S. financial services sector, saying housing prices are likely to fall a lot further, write-downs will mount and some mortgage insurers and guarantors will be forced to raise capital just to survive. Source: feeds.reuters.com Pfizer legal […]
Crude prices rise on OPEC concerns
NEW YORK, Nov. 19 (Xinhua) — Crude prices rose Monday on concerns about whether OPEC will boost output. The possibility that OPEC will agree at a meeting next month to increase production appeared less certain after a weekend gathering of OPEC heads of Read More… SINGAPORE (Reuters) – Shanghai copper and zinc futures fell by […]
Financials lead Asian stock slump
Financials lead Asian stock slumpAsian markets fell as fears of more credit losses hit bank shares and a strong yen pressured Japanese exporters, though talk of banking consolidation helped the Nikkei recoverSource: www.ft.com
HP profit rises as notebook PC sales grow
SAN FRANCISCO (Reuters) – Hewlett-Packard Co , the world’s largest personal computer maker, issued a better-than-expected quarterly profit and outlook on Monday, driven by strong sales of notebook computers. Read More… NEW YORK (Reuters) – Goldman Sachs issued a gloomy report on the U.S. financial services sector, saying housing prices are likely to fall a […]
OPEC countries conclude brittle meeting
OPEC members have become deeply divided about whether oil should be used as a political weapon. Venezuela and Saudi Arabia, at the OPEC summit on the weekend, gave conflicting signals on subjects such as high oil prices and geopolitical aims. Venezuelan Read More… The Opec summit show is over and the performers have left town. […]
Wall St under pressure from credit fears
US stocks were set for a lower start on Monday after a downgrade for Citigroup from Goldman Sachs, while investors anticipate a further deterioration in US housing data this week. Read More…
Wal-Mart’s critics to focus on safety: report
NEW YORK (Reuters) – Union-backed critics of Wal-Mart Stores Inc plan to start their largest ad campaign in a bid to criticize the company during the holiday shopping season, the Wall Street Journal reported Monday in its online edition. Read More…
Futures fall on Citi downgrade and Lowe’s outlook (Reuters)
Reuters – Stock futures fell on Monday after Goldman Sachs downgraded Citigroup Inc to its “sell” and said the No. 1 U.S. bank may have to write off $15 billion for debt losses over the next two quarters. Read More…
Most Popular Content
- Copper Finds Its Footing as Market Sentiment Improves
- S&P 500 Grinds Higher as Rate Cut Hopes Simmer
- Bitcoin Holds Near $120K as 401(k) Buzz Meets Inflation Jitters
- Pound Climbs on BoE Cut and Dovish Signals
- Gold Soars on Tariff Shock as Copper Holds Steady
- Markets Wobble After Highs as Fed Holds Steady and Earnings Send Mixed Signals
- Copper Prices Drift in the Wake of a Surprise Tariff Shock
- Gold Prices Retreat from Highs Amid Easing Geopolitical Tensions