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Gold and Oil News - November 8, 2007 9:00
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…
GM posts record loss after $39 billion charge
DETROIT (Reuters) – General Motors Corp posted its largest quarterly net loss on Wednesday, reflecting a $39-billion charge related to unclaimed tax credits and a loss at its former finance subsidiary GMAC. Read More…
Futures cut losses after productivity data (Reuters)
Reuters – Stock futures trimmed losses on Wednesday following a government report that showed unit labor costs, an inflation measure, fell more than expected in the third quarter, while worker productivity rose at the strongest pace in four years. Read More…
Steel rods missing from luxury high-rise
Steel rods missing from luxury high-rise THE ASAHI SHIMBUN ICHIKAWA, Chiba Prefecture–Construction was suspended on a 45-story luxury condominium building after inspectors found that 128 reinforcing metal rods were missing in columns that help to support the weight of the structure. Without Source: c.moreover.com
Tokyo losing streak stretches to five
Tokyo losing streak stretches to fiveJapan’s Nikkei lost 0.9 per cent to 16,096.68, a fresh seven-week low, as a stronger yen hit exporters and investors worried about the economy and high oil pricesSource: www.ft.com
Toyota up on weak yen
TOKYO (Reuters) – Toyota Motor Corp , the world’s most profitable automaker, posted a 2.7 percent rise in quarterly operating profit thanks to a weaker yen, stronger sales and cost cuts and nudged up its full-year forecasts. Read More…
Booming crude, metal prices lift FTSE 0.5 pct
LONDON, Nov 7 (Reuters) – Britain’s top share index rose early on Wednesday as higher raw material prices lifted commodity shares, offsetting losses in British Energy after it said it had no restart date for its nuclear reactors. At 0843 GMT, the Read More…
Oil and gold reach fresh highs
Oil and gold reach fresh highs Crude oil and gold prices surged to fresh highs amid renewed dollar weakness as investors sought refuge from a second wave of credit turmoilSource: www.ft.com
Microsoft fires CIO for rules violation
Microsoft fires CIO for rules violation SEATTLE (Reuters) – Microsoft Corp. said on Tuesday it dismissed Chief Information Officer Stuart Scott, who ran the company’s own information technology department, for violating unspecified company policies. Source: feeds.reuters.com
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