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Gold and Oil News - November 12, 2007 15:00
Looking for a Buy Point This Week for Gold Stocks
Dear Investor, In last weekend’s members only monthly newsletter I said that I was worried that we would see the broad market follow the weakness we have seen in bank stocks and the advance/decline the past few weeks and break down. We indeed got that Read More… — First Quantum Minerals Ltd. (‘First Quantum’ or […]
Asian stocks sink as exporters suffer
Markets fell 2-4%, many to multi-month lows, hurt by further reports of subprime losses in the US and China’s latest policy tightening, and the yen hit an 18-month high versus the dollar Read More…
Sale of Wendy’s might be delayed: report
NEW YORK (Reuters) – The sale of Wendy’s International Inc may be in jeopardy because of continued turmoil in the credit markets, potentially forcing the restaurant company to delay a deal, the New York Times reported, citing sources close to the situation. Read More…
World stocks hit 8-week low (Reuters)
Reuters – World stocks hit 8-week lows while the yen surged to 18-month peaks versus the dollar on Monday as fears about credit-related losses at financial firms prompted investors to reduce bets on risky trades. Read More…
China exports 4.24 mln tons of steel products in October, down 4.5 pct from September
China exports 4.24 mln tons of steel products in October, down 4.5 pct from September Shanghai. November 12. INTERFAX-CHINA – Growth of China’s steel product exports maintained their downward trend last month, slumping 4.5 percent from September to 4.24 million tons, representing the fourth consecutive monthly fall since July this year, Source: c.moreover.com First Quantum […]
Asian stocks sink 3-4% as exporters suffer
Markets fell 3-4%, many to multi-month lows, hurt by further reports of subprime losses in the US and China’s latest policy tightening, and the yen hit an 18-month high versus the dollar Read More…
Ex-Abbey boss leads swoop on Britain’s Northern Rock
Ex-Abbey boss leads swoop on Britain’s Northern Rock LONDON (Reuters) – An independent investor group led by the former head of British bank Abbey is preparing a proposal for the board of Northern Rock that would avoid a sale or breakup of the battered group, it said on Monday. Source: feeds.reuters.com
Oil below 96 dollars after OPEC comments
Oil below 96 dollars after OPEC comments SINGAPORE (AFP) – Oil prices fell by more than a dollar in Asian trade on Monday after OPEC kingpin Saudi Arabia indicated the oil cartel will discuss raising output if the need arises, dealers said. At 10:35 am (0235 GMT), New York’s main contract, Source: c.moreover.com
Asian stocks sink as exporters suffer
Asian stocks sink as exporters sufferMarkets fell 3-4 per cent with investors unsettled by further reports of subprime losses in the US and China ‘s latest policy tightening, and the yen hit an 18-month high versus the dollarSource: www.ft.com
Adelaide Bank shareholders ok takeover by Bendigo
Adelaide Bank shareholders ok takeover by Bendigo SYDNEY (Reuters) – Adelaide Bank Ltd shareholders approved a A$1.57 billion ($1.43 billion) takeover by regional lender Bendigo Bank Ltd , an Adelaide Bank official told Reuters on Monday. Source: feeds.reuters.com Oil falls below $95 as Saudi considers output rise SYDNEY (Reuters) – Oil fell more than $1 […]
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