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Gold and Oil News - November 14, 2007 15:00
Venezuelan leader proposes OPEC sell oil cheaper to poor countries
Venezuelan leader proposes OPEC sell oil cheaper to poor countries Wed Nov 14 00:10:05 CST 2007 THE ASSOCIATED PRESS CARACAS, Venezuela – Venezuelan President Hugo Chavez proposed OPEC should come up with a plan to sell oil to poor countries at Read More… RIYADH (Reuters) – OPEC sees no need to increase oil production at […]
HSBC helps FTSE recover
HSBC helped calm nerves in the banking sector after it reported a $3.4bn charge related to the US mortgage market, which was higher than expected, but was offset by higher profits from elsewhere in the group Read More…
Fed’s Fisher says U.S. rate decision data dependent
Fed’s Fisher says U.S. rate decision data dependent SYDNEY (Reuters) – Federal Reserve Bank of Dallas President Richard Fisher said on Wednesday a decision on interest rates at the central bank’s December meeting would depend on coming data, but emphasized that the economic risks were not all on the downside. Source: feeds.reuters.com Dutch court dismisses […]
Stock futures point to muted start on Wall St (Reuters)
Reuters – U.S. stock futures edged up on Wednesday suggesting a more muted start on Wall Street after Tuesday’s surge, ahead of inflation and retail sales data and results from Applied Materials and Macy’s . Read More…
RESULTS – NATIONAL ALUMINIUM COMPANY LTD (announces a net profit of Rs2,380.70 crore for the 12 months to Mar 2007)
National Aluminium Company Ltd (Nalco) has announced 55 percent increase in net profit (NP) at Rs2,380.70 crore for the 12 months to Mar 2007. Its sales grew by 22 percent to Rs5,942.46 crore, operating profit (OP), by 37 percent to Rs3,534.18 crore and Read More…
HSBC reports $3.4bn subprime writedown
HSBC reports $3.4bn subprime writedownHSBC helped calm nerves in the banking sector after the UK-based bank reported a $3.4bn charge related to the US mortgage market, which was higher than expected, but was offset by higher profits from elsewhere in the groupSource: www.ft.com
Ford sees tough U.S. market
LOS ANGELES (Reuters) – Ford Motor Co. is preparing for the risk that higher oil prices and a slowing U.S. economy crimp demand and will cut production as needed to avoid building costly inventories, senior executives said on Tuesday. Read More… LONDON (Reuters) – Britain’s Northern Rock Plc said on Wednesday it had won an […]
Commodities: Cut in consumption forecast hits oil
LONDON (ShareCast) – Oil prices fell for a second day in succession following a reduction by the International Energy Agency (IEA) in its consumption forecast. The IEA reduced its forecast, citing changing patterns of energy use in both developed and Read More… CARACAS, Venezuela (AP) – Venezuelan President Hugo Chavez proposed OPEC should come up […]
Wall Street rally cheers up Asia
Asian markets rose as investors, encouraged by a rally on Wall Street, snapped up shares that had been hit hard the past four days while a retreat in the yen helped Japanese exporters Read More…
Fed’s Fisher: energy, food prices risk inflation
WASHINGTON (Reuters) – The U.S. economy remains healthy despite the housing crisis but inflation could be pushed up by food and energy prices, a top Federal Reserve policy-maker said in on Wednesday. Read More… NEW YORK (Reuters) – Roche Holding AG’s $3 billion bid to acquire Ventana Medical Systems Inc seemed to take a friendlier […]
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