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Gold and Oil News - November 8, 2007 13:00
Crude oil stalls in march toward $100
Crude oil stalls in march toward $100 NEW YORK (AP) – Oil prices stalled in their climb toward $100 a barrel Wednesday after a government report said oil inventories fell less than expected last week while refinery utilization remained flat. Oil investors largely viewed the report as neutral Source: c.moreover.com
FTSE joins global equity market sell off
FTSE joins global equity market sell offThe FTSE 100 fell in opening trade after heavy losses in Asia and on Wall Street overnight. The open in London was unaffected by a technical glitch that hampered Wednesday’s close and banks once again were at the forefront of the sell-offSource: www.ft.com
Wall Street sinks as credit fears rise
Wall Street sinks as credit fears rise NEW YORK (Reuters) – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Source: feeds.reuters.com
Wall Street sinks as credit fears rise (Reuters)
Reuters – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Read More…
Canegrowers see silver lining in low profit figures
Canegrowers see silver lining in low profit figures Mackay Canegrowers says less than ideal profits last financial year may be a blessing in disguise. Figures released at the organisation’s annual general meeting, in the north Queensland city yesterday, showed its profits were up by 1.8 per cent, well Source: c.moreover.com China denies intention to dominate […]
Financials weigh down Asian markets
Financials weigh down Asian marketsAsian stocks fell as investors dumped financial shares after US financial companies admitted to more subprime-related losses, while the weak dollar weighed on exportersSource: www.ft.com
Wall Street sinks as credit fears rise
NEW YORK (Reuters) – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Read More… MUNICH (Reuters) – Industrial group Siemens more than doubled operating […]
Wall Street sinks as credit fears rise (Reuters)
Wall Street sinks as credit fears rise (Reuters) Reuters – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Source: news.yahoo.com
Taiwan Flour Millers buy 81,400 tons of U.S. wheat
HONG KONG — The Taiwan Flour Millers Association, which represents 34 grain users, bought 81,400 tons of U.S. No. 1 wheat from Columbia Grain International Inc. in a tender yesterday. Shipments are split into two with the first from Dec. 26 to Jan. 9, Read More… Prakausli Investment (PI) has acquired a 15 percent stake […]
European exporters hit by record euro
Fears over export costs hit European equities after the euro hit a new record high against the dollar, while oil prices near $100 a barrel raised concerns of higher inflation Read More…
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