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Fri, 3 Jul 2009 03:32:00 GMT
Unauthorized Trades Cost London Oil Broker Millions
LONDON Unauthorized trades cost a London oil broker, PVM Oil Futures, almost $10 million and are being blamed for a spike in oil prices on Tuesday. PVM, a unit of the worlds largest independent broker of oil derivatives, said on Thursday it was
| Fri, 3 Jul 2009 02:29:00 GMT
Japan official: U.S. economy has yet to hit bottom
Newly appointed Japanese Economy Minister Yoshimasa Hayashi said the U.S. economy is still worsening, according to reports Friday. 'The overnight result from the U.S. jobs data suggest the U.S. economy hasn't hit bottom yet,' Hayashi was quoted as saying
| Fri, 3 Jul 2009 02:04:00 GMT
OPEC and IEA agree not to disagree -- a good omen for the industry [Arab News, Jeddah, Saudi Arabia]
PM ET 07/02/2009 3:02 PM ET Jul. 3--The IEA and OPEC are different organizations. Their briefs are different. They represent two worlds, two distinct interest groups and two schools of thought. They diverge rather than concur on major issues, but
| Fri, 3 Jul 2009 01:51:00 GMT
S.E.C. May Reinstate Rules for Short-Selling Stocks
They have been reviled as the bad hats of Wall Street, nefarious traders who cashed in on the market collapse and, some insist, helped precipitate it.
| Fri, 3 Jul 2009 01:51:00 GMT
Markets in China Fly High Once More
In a rise reminiscent of an earlier expansion, before the bubble burst in 2008, the Shanghai composite index is up 68 percent so far this year. Member ID orE-Mail Address: Password: Remember me on this computer.
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Fri, 3 Jul 2009 02:33:00 GMT
Australia June vehicle sales surge, 3rd highest ever
SYDNEY, July 3 (Reuters) - New vehicle sales in Australia surged to their third highest ever in June, an industry report showed on Friday, likely boosted by financial year-end sales and government tax breaks on new cars for small business. The Australian
| Fri, 3 Jul 2009 02:26:00 GMT
Nikkei falls 1 percent after bleak U.S. jobs data
TOKYO (Reuters) - Japan's Nikkei stock average fell 1.3 percent on Friday after data showed U.S. employers cut far more jobs than expected in June, and revived caution about the outlook for the global economy. The Nikkei .N225 fell 124.46 points to
| Fri, 3 Jul 2009 02:13:00 GMT
Nikkei falls 1 pct after bleak U.S. jobs data
TOKYO, July 3 (Reuters) - Japan's Nikkei stock average fell 1 percent on Friday after bleak U.S. jobs data revived caution about the outlook for the global economy, while retail stocks tumbled after Seven & I Holdings (3382. T) reported a drop in
| Fri, 3 Jul 2009 01:41:00 GMT
Will Tax Breaks Boost Jobs?
With the economy slumping and unemployment approaching 10%, states are kicking corporate tax incentives into overdrive. In the past year they've doled out a record $50 billion to spur job growth. Cash-strapped locales are depending indirectly on federal
| Fri, 3 Jul 2009 01:11:00 GMT
The Bleak U.S. Jobs Picture
U.S. job losses in June rose to 467,000 as the national unemployment rate rose to 9.5%. This follows a decade where job creation in the private sector hovered in the 1% range. In our feature segment, Chief Economist Michael Mandel explains why job growth
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Fri, 3 Jul 2009 04:49:10 GMT
Tributes paid to dead cyclist
Staff at PR firm Citigate Dewe Rogerson paid tribute to their former colleague Catriona Cockburn yesterday, who died in a cycling accident on Monday.
| Fri, 3 Jul 2009 04:49:10 GMT
Rite Aid June Comps Drop 0.6% - Update
(RTTNews) - Retail drugstores operator Rite Aid Corp. (RAD) Thursday reported a 0.6% decline in same-store sales and a 2.5% fall in total drugstore sales for the four weeks ended June 27.
| Fri, 3 Jul 2009 04:49:05 GMT
Credit availability to increase
Lenders are expecting to increase the availability of credit to both households and businesses over the next three months, the Bank of England?s credit conditions survey showed yesterday.
| Fri, 3 Jul 2009 04:49:04 GMT
Australia shares fall 1.5 pct; resources drop
Losses were led by the resources sector after copper, oil and gold prices all slid, but few sectors escaped Friday's downturn. 'Areas of weakness are not limited to any one particular area.
| Fri, 3 Jul 2009 04:49:03 GMT
Exelon Sweetens Hostile Offer To Acquire NRG Energy By 12.5% - Update
(RTTNews) - Energy utility Exelon Corp. (EXC), Thursday announced that it sweetened its initial hostile bid to acquire all of the outstanding common stock of rival NRG Energy, Inc. (NRG) by 12.
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