|
| |
Gold drops on weaker US dollar
12/5/2008 5:07:00 AM by adeal
|
Gold recovered lost ground today, helped by the European Central Bank's bigger-than-expected interest rate cut, which pressured the US dollar lower. Spot gold was fetching $US768.30 a ounce versus $US767.70 late on Thursday. Gold found some support via the weaker US currency, which fell against the ....(GetMarketNews)
|
|
 Add Comment (0)
|
Bank of England mulls "nuclear option" of cash injection
12/5/2008 5:01:45 AM by adeal
|
In what would be a major departure for British monetary policy, the Bank is considering pressing the button on printing presses by engaging in a so-called policy of quantitative easing. It emerged after the Monetary Policy Committee cut borrowing costs by 1pc to just 2pc - the lowest level since 195 ....(GetMarketNews)
|
|
Add Comment (0)
|
Can Obama save the auto industry?
12/5/2008 4:57:40 AM by adeal
|
Senate and House hearings that began on Thursday could make or break the American auto industry and pose a major test of whether the White House and the incoming Obama administration can work together to save the companies from collapse. The stakes are extraordinary, with two of Detroit’s Big Three ....(GetMarketNews)
|
|
Add Comment (0)
|
AAA Texas: Gas Prices Continue Steady Decline
12/5/2008 4:56:11 AM by adeal
|
As Texans focus on budgeting for holiday spending they will find gas prices are about $1.20 less than they were this time last year, according to AAA Texas Weekend Gas Watch. The average price of regular unleaded gasoline fell 6 cents statewide compared to last week, from $1.755 to $1.695 a gallon. ....(GetMarketNews)
|
|
Add Comment (0)
|
Oil price sets stage for mergers
12/5/2008 4:53:01 AM by adeal
|
OTTAWA -- It's getting to be cheaper to drill for oil in industry boardrooms than in the world's far-flung oil fields. With crude prices slumping dramatically, oil companies have seen their share prices hit bargain-basement levels, providing a tempting target for cash-rich predators that are eager t ....(GetMarketNews)
|
|
Add Comment (0)
|
PIA sets record despite lowered air traffic
12/5/2008 4:49:36 AM by adeal
|
LAHORE: The Pakistan International Airlines (PIA) has achieved a record seat utilisation of 78.1 percent on its scheduled services (excluding Haj flights), which is the highest the airline has achieved in the past 19 years. According to an official statement, this is comparable to the industry seat ....(GetMarketNews)
|
|
Add Comment (0)
|
Oil's Slide Set to Leave Dark Trail
12/5/2008 4:40:14 AM by adeal
|
Already in free fall, the price of oil could soon push much lower as the effects of a global recession take hold. Crude fell $3.12, or 6.7%, to settle at $43.67 a barrel on the New York Mercantile Exchange on Thursday. Many oil-industry insiders and traders now say prices could slump much lower, int ....(GetMarketNews)
|
|
Add Comment (0)
|
Oil plummets below $44 per barrel on economic news
12/5/2008 4:34:35 AM by adeal
|
Oil prices were steady near four-year lows below $44 a barrel Friday in Asia as more bad U.S. economic news soured the outlook for global growth and demand for crude. Light, sweet crude for January delivery was down 3 cents at $43.64 a barrel in electronic trading on the New York Mercantile Exchange ....(GetMarketNews)
|
|
Add Comment (0)
|
Oil falls below $46 near four year lows
12/4/2008 5:20:29 AM by adeal
|
Oil fell below $46 a barrel to near four-year lows on Thursday, extending four consecutive days of falls as continued demand worries minimised bullish draws in U.S. oil stocks. Oil prices have lost more than $100 a barrel since an all-time high of $147.27 hit in July, and some 16 percent from last w ....(GetMarketNews)
|
|
Add Comment (0)
|
AK Steel to cut salaries by 5 percent next year
12/4/2008 5:09:56 AM by adeal
|
Steel producer AK Steel Holding Corp. said Wednesday it will cut pay for salaried employees by 5 percent starting next year and implement other cost-cutting measures, including offering retirement incentives, to save on costs. The company said the moves, presented to employees in a letter on Monday, ....(GetMarketNews)
|
|
Add Comment (0)
|
|