Reuters - U.S. Treasury Secretary Henry
Paulson on Monday urged oil-producing nations to boost their
output and warned that soaring energy costs threatened to
prolong a U.S. economic slowdown.
Reuters - The U.S. Securities and Exchange
Commission plans to propose rules that may diminish the
importance of credit ratings across various markets, the Wall
Street Journal reported on Tuesday. -- read full article
Tue, 24 Jun 2008 04:32:53 GMT - Yahoo! News: Business
Reuters - British gas producer BG Group launched a
hostile $13.1 billion bid for Australia's Origin Energy, as it
seeks to boost its position in Asia-Pacific's fast-growing gas
market.
Reuters - The state of Qatar has agreed to
sell 25 percent of the Doha Securities Market to NYSE Euronext
for $250 million in a bid to become the booming
region's financial hub and extend global links. -- read full article
Tue, 24 Jun 2008 08:53:40 GMT - Yahoo! News: Business
Reuters - Miner BHP Billiton may
be forced to scrap its plan to rewrite the way billions of
dollars of iron ore are sold every year after rival Rio Tinto
struck a benchmark deal with China, analysts
said on Tuesday.
Reuters - A South Korean high court on Tuesday
cleared U.S. private equity house Lone Star of
manipulating the stock price of a former credit card unit of
Korea Exchange Bank (004940.KS), rejecting an earlier ruling.
AFP - China's securities regulator has said it will do whatever is necessary to ensure the country's stock market stability and healthy development after recent jitters.
AP - Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards.
Reuters - Citigroup Inc plans to cut
thousands of trading and investment banking jobs this week,
part of previously reported plans to slash about 10 percent of
its investment bank division, a person familiar with the
situation said on Monday.
Reuters - Fertilizer producer and oilseed
processor Bunge Ltd said on Monday that it would buy
Corn Products International Inc for $4.4 billion to
gain a leading position in finished corn products such as
starches and sweeteners.
Reuters - Shares of General Motors Corp
tumbled on Monday to their lowest level in 33 years while rival
Ford Motor Co fell to a three-month low on concerns about
weak U.S. auto demand in June and the rest of the year.
Reuters - The Dow industrials and the S&P 500
edged up on Monday as higher oil prices lifted energy shares,
but financial companies' outlook kept investors cautious and
overshadowed news of a $4.4 billion takeover in the
agricultural sector.
AP - Investors hope to gain some clarity on the future of consumer electronics retailer Circuit City Stores Inc. at its annual shareholder meeting Tuesday.
Reuters - The Toronto Stock Exchange's main index
fell more than 200 points on Friday as financial issues were
hurt by inflation fears and worries over more U.S.
mortgage-related problems, while consumer stocks also fell.
Reuters - U.S. fertilizer producer and oilseed
processor Bunge Ltd has agreed to buy Corn Products
International Inc for $4.4 billion in stock, The Wall
Street Journal reported on Monday, citing people familiar with
the matter.