Archive for March 5th, 2008

Crude futures retreat ahead of OPEC meeting

Wednesday, March 5th, 2008

Crude futures fell sharply Tuesday on the possibility that OPEC will boost production and U.S. crude inventories are continuing to rise. The Organization of Petroleum Exporting Countries ministers, who meet Wednesday, are worried th ...

Dollar falls amid fears of U.S. recession

Wednesday, March 5th, 2008

U.S. dollar fell across the board Tuesday as Federal Reserve Chairman Ben Bernanke gave a grim assessment of the U.S. housing sector, adding to mounting fears of economic recession. Battling a dangerous wave of home foreclosures, Be ...

China Minmetals invests in Indian JV

Wednesday, March 5th, 2008

State-owned metals trader China Minmetals Corp yesterday said it has set up an iron and steel joint venture in India, the first major Chinese investment in the country's steel industry. The facility, built by China Minmetals with Xinxing ...

Bernanke: More should be done to prevent home foreclosures

Wednesday, March 5th, 2008

U.S. Federal Reserve Chairman Ben Bernanke Tuesday called for additional actions to reduce preventable mortgage foreclosures, so as to prevent more homeowners from losing their houses. "Efforts by both government and private-sector ...

Crude futures retreat ahead of OPEC meeting

Wednesday, March 5th, 2008

Crude futures fell sharply Tuesday on the possibility that OPEC will boost production and U.S. crude inventories are continuing to rise. The Organization of Petroleum Exporting Countries ministers, who meet Wednesday, are worried th ...

U.S. stocks rebound from sharp plunge

Wednesday, March 5th, 2008

Wall Street rebounded from a sharp plunge Tuesday as Ambac rumors, and comments from Amazon and Cisco, encouraged bargain hunting. Earlier Tuesday, the market plunged after Merrill Lynch cut the Citigroup's earnings estimates, becau ...

Bernanke: More should be done to prevent home foreclosures

Wednesday, March 5th, 2008

U.S. Federal Reserve Chairman Ben Bernanke Tuesday called for additional actions to reduce preventable mortgage foreclosures, so as to prevent more homeowners from losing their houses. "Efforts by both government and private-sector ...

U.S. stocks rebound from sharp plunge

Wednesday, March 5th, 2008

Wall Street rebounded from a sharp plunge Tuesday as Ambac rumors, and comments from Amazon and Cisco, encouraged bargain hunting. Earlier Tuesday, the market plunged after Merrill Lynch cut the Citigroup's earnings estimates, becau ...