Author Archive
Uncategorized - November 19, 2007 15:00
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…
Will OPEC Convert their Cash Reserves?
Extract not available. Read More… Oil prices rose Monday with more talk among OPEC members about converting their cash reserves to the euro and away from the U.S. dollar. There is also doubt a possible OPEC output hike next month would get more supplies to market in time for the Read More…
Asian shares give up early gains
Asian markets were largely lower, reversing early gains amid lingering worries about the state of the US economy and reports China’s regulators have told banks to slow their pace of lending Read More…
SABMiller to buy Grolsch for $1.2 bln
SABMiller to buy Grolsch for $1.2 bln LONDON (Reuters) – SABMiller , the world’s second-biggest brewer, has agreed to buy Dutch rival Grolsch for 816 million euros ($1.2 billion) in cash to strengthen its position in the fast-growing premium beer market. Source: feeds.reuters.com Fed’s Stern: Foreclosures in housing to rise SINGAPORE (Reuters) – Minneapolis Federal […]
Stocks set to fall on fresh credit woes (Reuters)
Reuters – Stocks were set to retreat on Monday, as investors remain cautious after fresh negative news on the credit front, but shares of oil firms could find support from buoyant crude prices. Read More…
Kalla Proposes Middle Road for OPEC
TEMPO Interactive, Riyadh: Vice President Jusuf Kalla has a proposed a middle road so that high oil prices can be enjoyed by Organization of Petroleum Exporting Countries (OPEC) members, but also not become a burden for developing countries. The way to Read More…
Asian shares give up early gains
Asian shares give up early gainsAsian markets were largely lower, reversing early gains amid lingering worries about the state of the US economy and reports China’s regulators have told banks to slow their pace of lendingSource: www.ft.com
China tells banks to curb lending: sources
BEIJING (Reuters) – China has ordered banks to limit their lending until the end of the year as part of efforts to keep investment under control and prevent the world’s fourth-largest economy from overheating, sources said on Monday. Read More… ZURICH (Reuters) – Swiss Re reported a shock 1.2 billion Swiss franc ($1.07 billion) writedown […]
Oil prices rise to mid-US$94 a barrel on OPEC comments on depreciating dollar
SINGAPORE (AP): Oil prices rose Monday as some OPEC members talked about converting their cash reserves to the euro and away from the ‘worthless’ U.S. dollar.There is also doubt a possible OPEC output hike next month would get more supplies to market in Read More…
Asian shares steady after big fall
Asian shares steady after big fallStocks steadied after after a bad end to the week on Friday, with some markets gaining slightly on speculation that the worst of the US subprime mortgage crisis may have passedSource: www.ft.com
Most Popular Content
- Dow Jones and US Stocks Take a Breather as Inflation Cools and Trade Talks Reignite
- Crude Oil Prices Keep Sliding as Opec Floods Market
- Gold and Copper Prices Dip Amid Trade Turbulence and Tariff Worries
- Copper Prices Hit New Heights Amid Global Trade Tensions
- Oil Markets Respond to OPEC+ Production Signals as Prices Find Support
- Gold Prices Reach Record Highs Amid Economic Uncertainty and Volatility
- Pressure Mounts on the British Pound Following Autumn Budget
- Impact and Outlook for the U.S. Economy on Rate Cut