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Uncategorized - November 14, 2007 9:00
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 […]
Maida declines, other commodities rule steady
Maida declines, other commodities rule steady Chennai (PTI): Maida prices declined, while other commodities ruled steady in the wholesale foodgrain market here on Wednesday. The rates of thoor dal, urad dal, gram dal, moong dal sugar, wheat and sooji remained unchanged. Maida edged down by Rs 20 per Source: c.moreover.com
Oil demand cools after record prices
Crude oil demand will be lower than initially forecast this winter and in 2008 because the double impact of the record high prices and the credit turmoil, warned the International Energy Agency, the western countries’ energy watchdog Read More…
Sun Capital says considering hostile bid for Kellwood
(Reuters) – Sun Capital Securities Group LLC said it was considering making a hostile bid for Kellwood Co at $21.00 per share in cash after the apparel maker’s board rejected its offer. Read More… NEW YORK (Reuters) – Citigroup Inc , the largest U.S. bank, on Tuesday overhauled the structure of its investment bank, combining […]
Futures point higher on profit views (Reuters)
Reuters – Stock futures jumped on Tuesday, pointing to a rebound after four straight sessions of losses, as higher-than-expected profit at Wal-Mart Stores Inc lifted sentiment. Read More…
Oil Prices Drop in Asian Trading
Oil Prices Drop in Asian Trading SINGAPORE — Oil prices dropped Tuesday after a key OPEC member left open the possibility the oil cartel will increase output to curb rising prices, and following the strengthening of the U.S. dollar overnight. Saudi Arabian Oil Minister Ali al-Naimi Source: c.moreover.com
Vodafone helps limit FTSE losses
Vodafone helps limit FTSE losses Vodafone helped limit early overall losses on the London equities market, after the world’s biggest mobile phone operator lifted guidance for its 2008 full year.Source: www.ft.com
Murdoch: News Corp Q2 starts strong
ADELAIDE, Australia (Reuters) – News Corp Chairman Rupert Murdoch said on Tuesday the company had made a strong start to the second quarter with the global credit market squeeze so far not having much affect on forward advertising. Read More…
Oil down on Opec, dollar rebound
Oil down on Opec, dollar rebound SYDNEY – Oil fell for a second day today, as the US dollar held on to its recent rebound and traders weighed up the prospect of another output increase by the Organisation of the Petroleum Exporting Countries (Opec). US light crude for December delivery Source: c.moreover.com
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