OIL FUTURES: Crude Hits 6-Mo High On Econ Optimism, Dollar
By Lananh Nguyen LONDON (Dow Jones)–Crude oil futures rose to fresh six-month highs Wednesday in London as economic optimism and a lower dollar encouraged buyers.
Archive for the 'Economy / Market' Category
Economists: Recession to end in 2009
A recovery in the second half of this year will be ‘moderate,’ according to a report from the National Association for Business Economics.
Saudi Arabia Says ‘No Need’ for OPEC Production Cut
By Ayesha Daya and Fred Pals May 27 (Bloomberg) — OPEC has “no need” to cut oil production because there are signs of a recovery in demand, meaning inventories will eventually decline, Saudi Arabian Oil Minister Ali al-Naimi said.
Oil retreats from 6-month high
Crude futures hang around $60 a barrel, pulled lower by a triple-digit sell off in the Dow and a stronger greenback. By Catherine Clifford, cnnmoney.
FTSE slips 2.8 pct as S&P move deepens gloom
By Simon Falush LONDON, May 21 (Reuters) – A cut in the UK’s ratings outlook from agency Standard & Poor’s weighed on Britain’s top share index, with weakness in heavyweight oils, miners and banks contributing to a 2.8 percent slide by close on …
US April Leading Economic Indicators Index Surge 1%
By Shobhana Chandra May 21 (Bloomberg) — The index of US leading economic indicators rose more than forecast in April, a sign the deepest slump in at least half a century is easing.
MOL Buys 10% Stake In Pearl Petroleum With Tsy Shrs
BUDAPEST (Dow Jones)–Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Sunday that it acquired a 10% stake in Pearl Petroleum Co.
COMPLIANCE WATCH: Industry Frets Over SEC Custody Proposal
NEW YORK (Dow Jones)–A new Securities and Exchange Commission proposal may not necessarily strengthen protections for assets overseen by investment advisers, according to securities lawyers and financial adviser groups.
FTC builds case on telemarketers
By Jeff Gelles When the Federal Trade Commission moved last week to shut down three companies that it says are behind a flood of illegal telemarketing calls pitching extended auto warranties, Philadelphia-area consumers were clearly among those ..
FED FOCUS-Fed view that deflation risk easing helped by CPI data
By Alister Bull WASHINGTON, May 15 (Reuters) – US consumer prices are falling at the fastest pace in over 50 years but “core” prices appear to have stabilized, backing the Federal Reserve’s view that the risk of deflation is easing.