yournews
   
Video Finance Features Weather Travel Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
business news
 
 
top story
Oil prices extend record run, break US$126
Posted : 10 May 2008 0506 hrs
Oil prices briefly surged to a record high above 126 dollars on Friday, driven into uncharted territory by speculators trying to take advantage of global supply concerns, analysts said.

Full Story »


other Business News


Citigroup to slash US$400b in assets 
US banking giant Citigroup said Friday it plans to shed about 400 billion dollars in assets over the next two to three years as it tries to recover from the subprime mortgage crisis.




US stocks slide on spiking oil prices, AIG loss 
US stocks tumbled Friday after oil prices crossed 126 dollars and AIG, the world's largest insurer, reported a deeper than expected quarterly loss, raising alarms about the global credit crisis.




Shell losing 30,000 barrels per day after Nigeria oil attacks
Japan's JVC, Kenwood to merge in October, says report
ArcelorMittal sells off US steel mill
Murdoch withdraws bid for Newsday, says report
Bangladesh govt to reopen talks with Tata on US$3b investment
Italy seeks private Italian hands for Alitalia
Nissan to make lithium-ion batteries with NEC
US stocks slide on spiking oil prices, AIG loss
Oil prices extend record run, break US$126
EDF makes offer for British Energy

 


Advertisements

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions