SINGAPORE, Aug. 22, 2008 (Reuters) — Oil prices held near $121 a barrel on Friday, a day after their biggest gain in 3 months, after a renewed slump in the U.S. dollar and mounting tension between the United States and Russia rekindled investor appetite. ... > full story
NEW YORK, Aug. 21, 2008 (Reuters) — The Dow and S&P 500 rose on Thursday as surging oil prices drove up energy shares, though fresh fears of more credit losses on Wall Street kept gains modest and pushed the Nasdaq into negative territory. ... > full story
NEW YORK, Aug. 21, 2008 (Reuters) — Mid-Atlantic factory activity declined less rapidly in August while weekly jobless claims fell, in two reports on Thursday that revealed morsels of good news in an otherwise bleak economic environment. ... > full story
SYDNEY, Aug. 20, 2008 (Reuters) — Australian airline Qantas Airways Ltd reported a 2.5 percent fall in second-half profit on Thursday, below analysts expectations, as fuel prices soared, but predicted it would meet forecasts for the current year. ... > full story
LONDON, Aug. 20, 2008 (Reuters) — World stocks edged higher on Wednesday after the previous day's tumble to their lowest level in almost two years attracted some buyers, while rebounding commodity prices helped resource shares. ... > full story
ASPEN, Colorado, Aug. 18, 2008 (Reuters) — Chinese economic growth can deliver a potentially massive boost to global energy demand with clear implications for long-term oil prices, Dallas Federal Reserve Bank President Richard Fisher said on Monday. ... > full story
DETROIT, Aug. 18, 2008 (Reuters) — General Motors Corp, aiming to boost sagging sales, rolled out a major promotion for U.S. dealers on Monday that includes employee-level discounts on almost all the Chevrolet cars and trucks in its showrooms. ... > full story
SHANGHAI, Aug. 18, 2008 (Reuters) — General Motors Corp has had preliminary talks with Hunan Changfeng Motor Co <600991.SS> on a possible sale of its Hummer brand but the Chinese sport utility vehicle (SUV) maker has backed off, a source with direct knowledge of the matter said. ... > full story
NEW YORK, Aug. 17, 2008 (Reuters) — Bolstered by falling oil prices and a rising dollar, stocks could extend their modest gains this week, even in the face of still troubling consumer- and housing-related data. ... > full story
LONDON, Aug. 15, 2008 (Reuters) — Gold found support below $790 an ounce after falling nearly 5 percent in early European trade on Friday, as the precious metals' downward slide ran out of steam. ... > full story
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NAB warning drags down banks Aug. 20, 2008 (Australian Broadcasting Company) — The banks are lower on the Australian share market after National Australia Bank's (NAB) warning of continuing funding pressures.. . About 12:00pm ...
Morgan Stanley sued over mortgage venture Aug. 19, 2008 (London Times) — Morgan Stanley is facing a €12 million (£9 million) legal action after turmoil in credit markets forced the investment bank to abandon plans to ...
Merrill’s UK Tax Bill? Zero Aug. 15, 2008 (Trader Daily, UK) — Merrill Lynch is unlikely to pay corporation tax in the UK for several decades after $29bn (£16bn) of losses suffered by the US investment bank ...
China's Zhongxing in talks with GM, FAW: sources July 28, 2008 (WallSt.net) — Chinese pickup truck maker Hebei Zhongxing Automobile Co is in talks with General Motors and major Chinese automaker FAW Group to explore ...
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