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Business


Asian Market Summary
Wednesday, 14 May 2008
05/14/08 Hong Kong's Hang Seng index was the only major Asian/Pacific market to post a loss at the end of trading, on this, the third day of the trading week.
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Oil hits record over $80 (Reuters)
Thursday, 13 September 2007

An oil rig in China's Bohai Sea in a file photo. Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in top consumer the United States ahead of peak winter demand. (China Newsphoto/Files/Reuters)Reuters - Oil hit an all-time high over $80 a barrel on Thursday after Hurricane Humberto forced the closure of some U.S. Gulf refiners, stoking supply concerns amid falling inventories in the world's top consumer.


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Oil closes above $80 for first time (AP)
Thursday, 13 September 2007

OPEC Secretary-General Abdullah El-Badri listens to questions during a news conference after a meeting of OPEC oil ministers in Vienna, September 11, 2007. (Heinz-Peter Bader/Reuters)AP - Oil prices finished above $80 a barrel for the first time Thursday and gasoline prices rose as refiners reported production problems after Hurricane Humberto hit Texas.


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Wall Street jumps with McDonald's (Reuters)
Thursday, 13 September 2007

Traders work on the floor of the New York Stock Exchange, August 9, 2007. Stock futures pointed to a lower market open on Thursday as the technology sector remains under pressure after Alcatel-Lucent slashed its revenue outlook. (Lucas Jackson/Reuters)Reuters - Stocks rose on Thursday as positive analyst comments helped the financial sector and McDonald's Corp. raised its annual dividend by 50 percent.


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Tentative signs of life in bank lending (Reuters)
Thursday, 13 September 2007

European Central Bank (ECB) President Jean-Claude Trichet speaks to the European Parliament's monetary affairs committee in Brussels, September 11, 2007. Risks to global expansion have recently increased due to tensions in the U.S. subprime mortgage market and there are fears of growing spillovers to other segments, the European Central Bank said on Thursday. (Francois Lenoir/Reuters)Reuters - Crippled credit markets earned some reprieve on Thursday as a key bank borrowing rate receded and the pace of deterioration in commercial paper issuance showed signs of abating.


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