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Gold and Oil News - November 19, 2007 15:00
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
Auto sales could hit 15-year low
Auto sales could hit 15-year low DETROIT (Reuters) – Three top investors in the automotive industry painted a grim picture on Sunday for the sector in 2008, with one executive predicting a possible slump in U.S. sales to levels not seen in 15 years. Source: feeds.reuters.com Northern Rock says offers are below Friday’s close LONDON […]
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