OPEC members seek convergence in Riyadh summit: Iran - November 16, 2007 11:00

OPEC members seek convergence in Riyadh summit: Iran TEHRAN (PIN) Irans new Oil Minister Gholamhossein Nozari here yesterday said the third OPEC summit in the Saudi capital Riyadh aimed to create convergence among its members. Nozari, who won vote of confidence in yesterdays open session of Majlis Source: c.moreover.com Officials: Ecuador to rejoin OPEC at […]

US worries knock Asian markets - November 16, 2007 9:00

US worries knock Asian marketsShares fell across the Asia-Pacific region on the possibility of higher interest rates in China, the stronger yen and worries about the effect of a US housing recession and financial market turmoilSource: www.ft.com

Pace of Chinese investment quickens, rate rise seen - November 16, 2007 9:00

BEIJING (Reuters) – Chinese capital spending in October rose at the briskest pace in over a year, rounding out a strong batch of monthly economic data and cementing expectations of a fresh rise in interest rates, possibly as early as Friday. Read More…

Vedanta to buy into iron ore - November 16, 2007 9:00

Vedanta Resources, the India-based mining group, is seeking more iron ore acquisitions and aims to build the business up to match its main copper, zinc and aluminium divisions.The group entered the iron ore business this year with the acquisition of a Read More…

GE fund investors liquidate holdings - November 15, 2007 15:00

GE fund investors liquidate holdingsUS conglomerate says GEAM Trust, its short-term bond fund, ran into trouble due to losses on asset-backed securitiesSource: www.ft.com

S&N rejects new Carlsberg/Heineken bid as too low - November 15, 2007 15:00

S&N rejects new Carlsberg/Heineken bid as too low LONDON (Reuters) – British brewer Scottish and Newcastle said on Thursday it had rejected an improved 7.3-billion-pound ($14.9 billion) bid proposal from Denmark’s Carlsberg and Dutch group Heineken . Source: feeds.reuters.com Barclays damage less than feared LONDON (Reuters) – Major finance houses went some way on Wednesday […]

Futures briefly trim losses after data (Reuters) - November 15, 2007 15:00

Reuters – Stock futures briefly pared losses on Thursday after a rise in core U.S. consumer prices was in line with expectations, while new applications for U.S. jobless aid rose more than expected. Read More…

More OPEC oil would not cool prices: oil ministers - November 15, 2007 15:00

More OPEC oil would not cool prices: oil ministers RIYADH (Reuters) – Oil prices would probably not fall even if OPEC raises production when it meets in December, since the market is being supported by factors other than supply, the oil ministers of Algeria and Iran said on Thursday. Algeria’s Energy and Source: c.moreover.com

Banks fail to hold gains after Barclays update - November 15, 2007 13:00

London equities failed to sustain opening gains, after it a relief rally in the immediate aftermath of an unscheduled trading statement on subprime losses at Barclays soon faded. Read More…