Oil closed at a record high above $75 a barrel Wednesday on strong U.S. demand but may start falling soon
Media Release
Jul. 5, 2006

U.S. crude closed $1.26 higher at $75.19 a barrel after hitting a record $75.40 a barrel trading high earlier Wednesday. The market was was closed Monday and Tuesday for the Independence Day holiday. London Brent crude was up $1.52 at $74.03.

Oil closed at a record high above $75 a barrel Wednesday on strong U.S. demand but may start falling soon
Media Release
.S. crude closed $1.26 higher at $75.19 a barrel after hitting a record $75.40 a barrel trading high earlier Wednesday. The market was was closed Monday and Tuesday for the Independence Day holiday. London Brent crude was up $1.52 at $74.03.
READ MORE>>

Orders to U.S. factories for manufactured goods rebounded in May following a big decline in the previous month
Media Release
The Commerce Department reported Wednesday that new orders rose by 0.7 percent in May following a 2 percent plunge in April.
READ MORE>>

Economists expect real GDP growth to ease to an annualized 2.9% in the second half as inflation accelerates
Media Release
Economists expect real GDP growth to ease to an annualized 2.9% in the second half as inflation accelerates, a Wall Street Journal survey found. The forecasters' biggest concern was that Fed rate raises may tip the economy into recession.
READ MORE>>

The Dow industrials fell more than 90 points
Media Release
The Dow industrials fell more than 90 points amid new concerns about interest rates and anxiety over North Korea's missile test. Oil prices rose above $74 a barrel.
READ MORE>>

Kenneth lay died
Media Release
Kenneth lay former Enron chairman who was facing a long prison sentence in the wake of the energy giant's collapse, died suddenly this morning of an apparent heart attack.
READ MORE>>

Shares in Japan Airlines fell as much as 7 per cent on possible
Media Release
Shares in Japan Airlines fell as much as 7 per cent on Monday as investors sold the stock on concerns their holdings would be heavily diluted after the carrier announced a share issue equal to nearly 40 per cent of outstanding stock.
READ MORE>>

A $5.3bn bid by China Mobile for Millicom International Cellular fell apart on Monday
Media Release
A $5.3bn bid by China Mobile for Millicom International Cellular, which would have been the largest overseas acquisition by a Chinese company, fell apart on Monday....
READ MORE>>

EU wants hedge funds with little obstacles
Media Release
The European Union’s $325bn hedge fund industry should be free to offer its services across different member states and face fewer obstacles...
READ MORE>>

Nissan Motor said on Monday it was ready to discuss with General Motors
Media Release
Nissan Motor said on Monday it was ready to discuss with General Motors an industry-transforming deal to bring the US carmaker into the Japanese manufacturer’s existing alliance with Renault.
READ MORE>>

MORE ARTICLES >>