In the first scene of "The Country Girl" at Broadway's Bernard B. Jacobs Theatre, actor Peter Gallagher stabs a cigarette in the air to make a point or two.
Paulson holding talks with al-Assaf yesterday JEDDAH: US Treasury Secretary Henry Paulson said yesterday the dollar peg for currencies in the Gulf Arab countries had served the region well and any changes to ...
Published: May 30th, 2008 10:35 AM Last Modified: May 30th, 2008 10:35 AM A joint venture between British giant BP PLC and a group of Russian tycoons known as TNK was billed as groundbreaking for Russia's oil ...
NEW YORK : The dollar fell slightly against major currencies Friday following a report showing growth in U.S. personal income slowed sharply, despite the mailing of billions in economic stimulus payments from ...
NEW YORK _ A former Credit Suisse investment banker convicted of insider trading was sentenced to 10 years in prison Friday by a judge who said Wall Street professionals were failing to understand that it was a ...
Wall Street opens the month of June with guarded optimism, as hopes mount that the worst of the economic storm is over and that the peak has passed for surging crude oil prices.
Federal regulators on Friday shut down a small Minnesota bank called First Integrity, saying unsafe practices had weakened its financial condition.
Japanese shares extended gains on Friday as oil prices dropped and a softer yen spurred the buying of export-linked stocks.
The benchmark Nikkei 225 index rose 214.07 points, or 1.5 percent, to 14,338.54. It gained more than three percent Thursday.
'Sentiment was buoyed by falling oil prices and consecutive increases on Wall Street,' said Kazuhiro Takahashi, general manager at Daiwa Securities SMBC Co. Ltd.
Light, sweet crude for July delivery fell below $126 a barrel in electronic trading Friday on the New York Mercantile Exchange. The contract is almost $10 below the all-time high of $135.09 hit last Thursday.
The European Central Bank celebrates its 10th birthday Monday with its reputation burnished by a steadfast stance on interest rates and quick action to supply banks with cash during the credit crisis over mortgage-backed securities.
But the ECB now faces some of its biggest challenges as the euro economy faces an uncertain outlook this year. A recent economic boom appears to be trickling away and inflation _ usually low in euro nations _ has surged to recent record highs.
By refusing to slash interest rates, the bank and its president, Jean-Claude Trichet, have steered a different course from that chosen by the U.S. Federal Reserve and the Bank of England, following its mandate from the Maastricht Treaty, which paved the way for the single euro currency and the bank itself.
Next time you face sticker shock at the gas pump over a $4 gallon of gas, check out your pension fund's investments. They may explain much about the surge in oil prices.
Institutional investors such as pension funds, university endowments and sovereign wealth funds have ramped up investing in commodities as a hedge against inflation and to seek out higher returns versus stocks and bonds.
The strategy has worked _ if you gauge success solely by the rising returns that come from a market where oil prices have doubled in the last year to levels above $130 a barrel and other commodities are also sharply higher.
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