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Gold and Oil News - November 15, 2007 13:00
Kuwait Says OPEC Ready To Increase Oil
Kuwait Says OPEC Ready To Increase Oil RIYADH (Thomson Financial) – Kuwait’s acting oil minister indicated on Thursday that OPEC would be willing to increase output at its next meeting in December if analysis of the market showed a need for extra crude supplies. ‘We will review the (market) Source: c.moreover.com
GE fund investors liquidate holdings
US conglomerate says GEAM Trust, its short-term bond fund, ran into trouble due to losses on asset-backed securities Read More…
Carlyle exec sees lower returns for PE industry
HONG KONG (Reuters) – The private equity industry is likely to see lower returns in coming years as it faces challenges, including more costly debt, Carlyle Group co-founder David Rubenstein said on Thursday. Read More…
Sharp rise forecast in platinum price
Sharp rise forecast in platinum price Extract not available. Source: c.moreover.com Commodities Report GOLD rose 2% yesterday, having briefly tested below $800/oz, as a weakness in the dollar and a rise in oil attracted investors into the market. Analysts said the market would target a recent 28-year high of $845,40/oz in the coming weeks and […]
GE fund investors liquidate holdings
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
Barclays makes subprime writedown
LONDON (Reuters) – Barclays Plc , Britain’s third-biggest bank, said its investment bank unit made a 1.3 billion pound ($2.7 billion) writedown due to its exposure to credit market problems in the four months to the end of October. Read More… SEOUL (Reuters) – Citibank will “aggressively” consider launching a holding company in South Korea, […]
OPEC rules out production increase
OPEC rules out production increase OPEC Secretary General Salim al-Badri made this statement while responding to a call by US Energy Secretary Samuel Bodman, who Tuesday asked OPEC to increase its crude oil output to meet falling stock levels and spiralling prices. Al-Badri said there was Source: c.moreover.com AP: Soybean prices jump as crude oil […]
Is Ben Bernanke Getting Undeserved Criticism?
As the markets rock and roll from one event to another hopefully readers kept a close eye on the $/Yen rate that we discussed in the previous letter. It certainly helped me, there is nothing like a bit of carry trade unwinding to help with market direction.
Financials spur European equity rebound
European equities rose sharply, led higher by banks following reassurances from HSBC and Goldman Sachs over their exposure to credit market losses Read More…
HSBC profit up as U.S. bad debt charge jumps
LONDON (Reuters) – HSBC Holdings Plc , Europe’s biggest bank, said its third-quarter profits were ahead of last year’s and revenue growth across the group offset a jump in its charge for bad debts in the United States. Read More…
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