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Wednesday, July 9, 2008
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Business


Oil Prices Drop Below $140 With Eased Middle East Tensions
Monday, 07 July 2008
07/07/08 The price of light-sweet crude during NYMEX floor trading hours dipped below $140 per barrel as the US dollar continued to strengthen in trading against other currencies and Middle East tension seemed to ease.
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Downturn hitting luxury goods
Monday, 07 July 2008
High-end stereo and TV maker, Bang & Olufsen, cuts its profit estimate for the third time this year. * Germany and Italy hit by travel strikes * InBev steps up Anheuser take-over bid
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Asian Market Summary
Monday, 07 July 2008
07/07/08 A daily review of the movements within the major Asian/Pacific markets.
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Microsft continues to Court Yahoo, GM Considers Cuts
Monday, 07 July 2008
07/07/08 Oil has fallen over $5 today while Microsoft says it would negotiate a deal with Yahoo if it elects a new board and General Motors considers slashing thousands of jobs.
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India hit by oil price rises
Monday, 07 July 2008
The soaring oil prices has left major importer India looking for alternative energy supply solutions.
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