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Total company well operated on Nigeria
Oil rose above $65 a barrel on Monday after assailants broke into an oil well in Nigeria, reminding investors of the risk to supply from the world’s eighth largest exporter.
“Nigeria is still very much on top of the list in terms of risk,” said Olivier Jakob, oil analyst at Petromatrix. “The market is going to [...]
U.K. Stocks Gain, Led by Anglo American, BHP Billiton, Barclays
U.K. stocks rose, snapping a three- day slump, paced by Anglo American Plc, Barclays Plc and Royal Bank of Scotland Group Plc.
“We remain positive on the outlook for U.K. equities considering the favorable earnings reports and continued M&A speculation,” said Rupert Cecil, who helps manage $13.4 billion as the head of U.K. equities at [...]
Goldman, Deutsche Bank Say Double Down on Commodities (Update1)
Anyone who followed the advice of Goldman Sachs Group Inc. last year and invested $10 million in the Goldman Sachs Commodity Index would have lost 15 percent, or $1.5 million.
Like so many of Wall Street’s best and brightest, Goldman, the biggest securities firm by market value, says it wasn’t wrong, just early, and to expect [...]
Gold, platinum plummet as inflation fears ease
Gold tumbled to a three-month low and platinum fell to its lowest level in more than five months on Wednesday as fears of rising inflation eased, traders said.
Weaker oil prices and a firmer dollar prompted many investors to abandon trading positions, they added.
Other precious metals also declined, with palladium falling to its lowest level in [...]
Tullow Oil: Record 2006 Interim Results
Tullow Oil plc (”Tullow”) (LSE: TLW), the independent oil and gas, exploration and production Group, announces its interim results for the six months ended June 30, 2006. These results have been prepared in accordance with the Group’s policies under International Financial Reporting Standards (IFRS).
Tullow had a strong first half of 2006. Trading and production reached [...]
Telecoms Weigh on Europe
European markets finished largely in the negative, dragged by U.S. market losses and further weakness in the telecommunications sector. Deutsche Telekom dropped 3%, Vodafone Group lost 1.8% and BT Group lost 0.3%. Companies in France gained on strong second-quarter GDP figures. The German DAX 30 lost 0.1%, London FTSE 100 fell 0.1%, while the French [...]
Techs, Autos Lead Europe Higher
European markets finished steeply higher, boosted by gains on Wall Street, as well as strength in the technology and automotive sectors. French telecom-equipment maker Alcatel rose 2.8%, and automaker Volkswagen gained 3.2% to help market higher. The French CAC 40 led European gainers, climbing 1.2%, followed by the German DAX 30, up 0.9%, and London [...]
