Financial News
Latest Financial News
The case for buying oil stocks
Fri, 21 Nov 2008 10:20:00 GMTNEW YORK (Fortune) -- Last week, the Paris-based International Energy Agency released its World Energy Outlook 2008 - a 578-page book full of future supply, demand, and price estimates which this year also included an eagerly-awaited study of 800 of the (read full story)
Futures rise, with all eyes on Citi
Fri, 21 Nov 2008 09:57:00 GMTWall Street poised to bounce back from deep fall on report that financial giant may sell itself. LONDON (CNNMoney.com) -- U.S. stocks looked set to rebound Friday from their recent fall after a report said financial giant Citigroup is considering selling (read full story)
Asia stocks mixed after Wall Street tumbles
Fri, 21 Nov 2008 06:05:00 GMTAsian and Pacific stocks turned mixed by midday Friday after tumbling in early trading, struggling for direction after Wall Street slumped on fears of a prolonged recession. Hong Kong's Hang Seng index was up 4.5 percent, and Seoul's KOSPI index (read full story)
Oil Closes Below $50, Lowest Price Since May 2005
Thu, 20 Nov 2008 21:12:00 GMTAfter rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight. Oil prices fell to their lowest level in more than three years, falling below $50 a barrel on Thursday, after shedding close to (read full story)
Dow drops 275 points as stock losses accelerate
Thu, 20 Nov 2008 20:52:00 GMTAll three major gauges fall to new 5-1/2 year lows on recession fears. NEW YORK (CNNMoney.com) -- Wall Street slumped Thursday afternoon, as Congress haggled over the fate of the auto industry, Citigroup continued to plummet and stocks flirted with fresh (read full story)
Oil Price Falls Below $50 on Weak Consumption
Thu, 20 Nov 2008 19:59:00 GMTAfter rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight. Oil prices fell to their lowest level in more than three years, falling below $50 a barrel on Thursday, after shedding close to (read full story)
How billions failed to fix UK's car industry
Thu, 20 Nov 2008 19:45:00 GMTThe historic days when Britain was frequently troubled by marauding, ransom-seeking Scandinavian invaders resulted in a rueful proverb 'Once you have paid the Dane-geld you'll never get rid of the Dane.' It is a proverb which should be noted by (read full story)
Pakistan's finances: Not so much a bail-out
Thu, 20 Nov 2008 18:01:00 GMTExtract not available. (read full story)
Oil Price Falls Below $50 as Consumption Remains Weak
Thu, 20 Nov 2008 17:52:00 GMTOil prices dropped below $50 a barrel on Thursday for the first time in 22 months, shedding close to $100 in four months as an ailing global economy pares its consumption. The drop in prices comes as stock and bond markets fell because of fears about the (read full story)
A Day After Sell-Off, Market Seeks a Course
Thu, 20 Nov 2008 16:37:00 GMTA day after Wall Street closed at its worst levels in nearly six years, the major exchanges started the day sharply lower as worried investors pulled more money out of financial markets and took cover in safe havens like Treasury bonds and gold. (read full story)
On Wall Street, the Slide Continues
Thu, 20 Nov 2008 16:13:00 GMTA day after Wall Street closed at its worst levels in nearly six years, the flight from stocks continued on Thursday as worried investors pulled more money out of financial markets and took cover in safe havens like Treasury bonds and gold. Uncertainty (read full story)
Treasury yields fall to multi-year lows
Thu, 20 Nov 2008 15:08:00 GMTWary investors continue to pile into government debt as the economic outlook darkens. NEW YORK (CNNMoney.com) -- Demand for U.S. Treasury bonds remained robust Thursday, with the yield on the benchmark note falling to a 5-year low, as investors continue (read full story)
Stocks open lower after jobless claims jump
Thu, 20 Nov 2008 15:07:00 GMTExtract not available. (read full story)
Oil Falls Below $50, Lowest Price Since January 2007
Thu, 20 Nov 2008 14:33:00 GMTdeepening losses over the previous four sessions as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand. Crude oil in New York trading fell $3.71, to $49.91 a barrel, the weakest (read full story)
Safe-haven Treasurys advance
Thu, 20 Nov 2008 14:10:00 GMTWary investors continue to pile into government debt as the economic outlook darkens. NEW YORK (CNNMoney.com) -- Demand for U.S. Treasury bonds remained robust Thursday as investors continue to flock to the safety of government debt. With the global (read full story)
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