Archive for the 'Middle East' Category
Qatar looks at $15 billion investment in US/UK banks
Qatar has begun to take a stake in Credit Suisse (NYSE: CS) and indicated that it is part of a program to put $15 billion into banks in the US and UK. “We have a relation with Credit Suisse and we bought some of the stock from the market, actually, but I cannot say what percentage considering still …
Oil closes lower for 4th session in 5 on U.S. recession concerns
Oil Friday closed down $1.21 to $92.50 as concern that a U.S. recession would dampen both oil and gasoline demand again weighed on the markets.
The other major energy commodities plus retreated. Heating oil fell about 2 cents to $2.53, unleaded gasoline declined about 4 cents to $2.32, and na…
Oil holds approach $100
Oil has made several runs at $100, but generally it retreats fairly quickly. Not that instance. According to The New York Times,” oil held firm above $96 a barrel on Monday, heading for its biggest annual gain that decade as growing geopolitical concerns and dwindling consumer nation stockpiles …
Credit industry woes: One man’s perspective
You’ve been hearing and reading all the naughty news about the credit industry and all the nasty things that its difficulties might mean to you, but is anyone considering the positive outcome that that major reset of the American economy could mean in the towering run? Being that I’m a cynical o…
2008 outlook: Factoring in the policymakers
What does the coming year hold for the economy? BloggingStocks’ Peter Cohan considers five issues that will factor heavily in 2008.
2008 is an election year in the U.S., which means that nothing meaningful is likely to change in terms of government policy. The one wild card in that assessment…
Market worries push oil prices under $90
Earlier nowadays oil prices had traded higher, as traders were betting that that past weekend’s wintry weather would put a crimp in heating oil supplies. Since soon after, though, oil prices since turned to the downside, dipping under the psychological $90 barrier.
The main reason why oil pri…
