Oil prices settle above $145 after hitting new high

Saturday, July 12th, 2008

Crude futures closed above 145 U.S. dollars a barrel after surpassing the 147 dollars level for the first time Friday on supply concerns in Iran, Nigeria and Brazil. Light, sweet crude for August delivery rose 3.43 dollars to settle ...

Dollar falls on credit worries, rising oil prices

Saturday, July 12th, 2008

The dollar fell against major currencies on Friday as credit worries continued and oil prices hit new record. Fears that the U.S. government may be forced to rescue government-sponsored mortgage lenders Fannie Mae and Freddie Mac ap ...

Dow Jones average below 11,000 for 1st time since 2006

Saturday, July 12th, 2008

U.S. stocks recovered from steep losses Friday after the reports that the Federal Reserve may help the two largest mortgage companies. The Dow Jones industrials, which briefly fell below 11,000 for the first time since July 2006, wa ...

Crude prices top $147 for first time

Saturday, July 12th, 2008

Crude prices topped 147 U.S. dollar a barrel Friday on tensions in the Middle East and unrest in Nigeria. Light, sweet crude for August delivery soared 5.6 dollars to 147.25 on the New York Mercantile Exchange. Source:X ...

iPhone 3G makes debut in New York

Saturday, July 12th, 2008

Huge crowds of Apple fans Friday lined outside Apple's flagship Store on 5th Avenue in New York as the company rolled out its revamped iPhone 3G. The sequel to the wildly-popular iPhone went on sale at 8 a.m. "I just love th ...

Two policemen wounded in Jerusalem shooting attack

Saturday, July 12th, 2008

Two policemen were wounded in a shooting attack late Friday night at an entrance to Jerusalem's Old City, local daily Ha'aretz reported Saturday on its website, citing Israeli officials. One of the victims was seriously wounded and ...

Village guard killed in clash with PKK in southeastern Turkey

Saturday, July 12th, 2008

One village guard was killed in a clash with the militants of the outlawed Kurdish Workers' Party (PKK) in southeastern Turkey Friday, the semi-official Anatolia news agency reported on Saturday. During the clash with PKK militants ...

Spanish PM visits Morocco in hope for new era of cooperation

Saturday, July 12th, 2008

Spanish Prime Minister Jose Luis Rodriguez Zapatero arrived in Morocco Friday for a historic visit which both countries hope will propel bilateral ties into a new era of cooperation. The visit, the first to the kingdom by Zapatero s ...