OPEC Taps The Brakes
The Las Vegas odds were 10-to-1 that OPEC would keep production level. A lot of gamblers lost money.The cartel cut daily production by 520,000 barrels a day to 28.8 million.While ...Read Full Story »
Daily Archives: September 10, 2008
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China Gets Normal
China was supposed to be falling apart. Inflation was more than 10%. Labor costs were rising rapidly. The central government jacked up gas and diesel prices. The apocalypse was just ...Read Full Story »
Media Digest 9/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Lehman (LEH) will release earnings a week early after its stock dropped 45%.Reuters reports that OPEC agreed to a surprise production cut.Reuters reports that CFOs are more ...Read Full Story »
Asia Markets 9/11/2008
Markets in Asia were mostly lowerThe Nikkei fell .4% to 12,346. Canon dropped on concerns about the dollar. Mitsubishi UFJ Financial moved up ahead of Lehman's earnings.The Hang Seng fell ...Read Full Story »
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