Oil Prices Slim Down to USD76

NEW YORK – Oil prices fell back to thin, in Thursday trading (3/12/2009) local time, as fears of traders and investors for the increased reserves in the United States (U.S.).
As quoted by AFP, Friday (4/12/2009), oil prices, light sweet crude for delivery in the main contract in January to weaken the American dollar 14 cents [...]

2010, the Korean Car Manufacturer Will Taking Profit

LOS ANGELES – Korean automakers, Hyundai Motor and Kia Motors predicts will gain more profit from its market share especially in the United States in 2010. This optimism is based on solid profits earned two automotive companies in 2009.
“Sales will go up approximately eight percent to 10 percent next year. The first quarter and the [...]

British Bank Bailout Reaches $ 1,4 T

LONDON – The British Government has issued a bailout fund rescue the banking system for 850 billion pounds (933 billion euro/USD1, 4 trillion). This is the largest rescue ever issued by the British.
“It is difficult to imagine how much economic and social consequences that must be borne by England if the major banks were allowed [...]

Dow Jones Highest Level in 2009 at 10,516.7

NEW YORK – Wall Street stock index closed impressive capable of this weekend. The reason is investors become more confident in conducting transactions, following the improvement of the American labor picture. But the report sparked fears at the same time if the Federal Reserve raised interest rates or delete the ease in the economy.
As quoted [...]

Kuwait Take Profit 1M for Sell Citi Shares

KUWAIT CITY – Kuwait Investment Authority (KIA), investment fund management institutions emirates, to sell stake in U.S. bank giant Citigroup to take advantage abundant.
KIA bought $ 3 billion in Citigroup preferred stock in January last year. Fund management institutions to transfer the preferred stock into common stock and sell it for $ 4 total, 1 [...]