Oil touches 3-1/2 year low under $50 as demand weighs
NEW YORK (Reuters) - Oil dropped more than 3 percent on Thursday, touching the lowest level since May 2005 as record U.S. job losses intensified concerns of a long and deep global recession and further crushed demand expectations.
November 20, 2008 No Comments
U.S. forces kill Qaeda leader wanted for attacks
BAGHDAD (Reuters) - U.S. forces killed a senior al Qaeda leader wanted for planning suicide bombings, kidnappings and assassinations, including the abduction and killing of a U.S. army sergeant in 2004, the U.S. military said on Thursday.
November 20, 2008 No Comments
Lending market in slight expansion
A key market for business lending has expanded for the fourth straight week, but the growth was only incremental, according to Federal Reserve data released Thursday
November 20, 2008 No Comments
Russia pushes Ukraine on gas debt
Russia demands Ukraine to repay a $2.4bn gas debt, raising fears of a renewed dispute which could disrupt supplies to Europe.
November 20, 2008 No Comments
Saudi prince’s buy fails to boost Citi stock
Citigroup's largest individual shareholder, Saudi Prince Alwaleed Bin Talal, said Thursday he planned to increase his stake in Citigroup back to 5%, even as shares of the firm have plummeted in recent weeks.
November 20, 2008 No Comments
Medvedev’s Venezuela, Cuba trips set to rile U.S.
MOSCOW (Reuters) - Russian President Dmitry Medvedev's visits to Venezuela and Cuba during a week-long trip to Latin America look set to irk Washington, highlighting a foreign policy challenge facing President-elect Barack Obama.
November 20, 2008 No Comments
No job, bad mortgage - out of luck
All the foreclosure prevention plans announced to date will do little to help the next wave of delinquent homeowners, who can't make their monthly payments because they've lost their jobs.
November 20, 2008 No Comments
Bush, Olmert to meet Monday, review peace efforts
WASHINGTON (Reuters) - President George W. Bush will meet Israeli Prime Minister Ehud Olmert on Monday to review Middle East peace efforts that the U.S. leader had once hoped would produce an agreement before he left office.
November 20, 2008 No Comments
Recession fears hit stock markets
World stockmarkets falter amid growing concerns that the world economy is entering a protracted downturn.
November 20, 2008 No Comments
GMAC wants a bailout too
GMAC Financial Services announced Thursday that it is seeking government assistance, trying to access the $700 billion set aside for banks that its parent General Motors has so far been denied.
November 20, 2008 No Comments