CARACAS, March 11- Venezuela on Tuesday published rules for an imminent new foreign exchange platform designed to ease dollar shortages and combat black market trading through a market-based mechanism.» Read More
OPEC and other world oil producers need to boost production to counter sagging inventory levels in the United States and other industrial nations, U.S. Energy Secretary Sam Bodman said Wednesday.
Turkey has a volatile economy whose growth rate has exceeded 6 percent in many years (and reached 9 percent in 2004), but suffered sharp reversals in 1994, 1999, and 2001.
Oil and gas company Occidental Petroleum posted better-than-expectedthird-quarter earnings Wednesday on soaring crude prices.
OPEC Secretary-General Abdullah al-Badri said on Wednesday the group was implementing a decision taken in September to increase production by 500,000 barrels per day (bpd).
Russia and the European Union have agreed to set up an early warning system which will alert them to any disruptions to gas and oil supplies flowing through Russian pipelines, a senior Kremlin official said on Wednesday.
Steven Neimeth, portfolio manager of the SunAmerica Value Fund, sees plenty of positives in this turbulent market. The strategist offered CNBC his view of the economy -- and named the stocks he likes.
It was a busy Tuesday for earnings reports, with several big-name companies issuing latest results. Here's what market analysts and corporate executives appearing on CNBC Europe had to say about the latest numbers.
BP reported a 45 percent fall in third-quarter replacement cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales, which had flattered the year-earlier result.
OPEC is already raising oil supply in response to record prices and in advance of its deal to increase output from November, a consultant who tracks tanker movements said on Tuesday.
As I reported last week, tech was the bright lure in an otherwise fishy market. Well, we saw just how stinky that market could become Friday when not even tech brought buyers in the door. But those buyers were the first ones back in on Monday, and Apple promises to keep the tech fire burning. It reported a 67% jump in fiscal fourth quarter profits earnings to $904 million or $1.01 per share, well above expectations. Apple shares were sharply higher after hours.
Sell the financials and buy the oversold mineral and oil stocks, Cramer said.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
I watched the latest vote results from rank and file United Auto Workers at Chrysler and thought to myself, "what do these people want?" Through the weekend an estimated 11,000 UAW have rejected the tentative contract the union agreed to with Chrysler. Some 6,000 have voted in favor of it.
Kuwait said on Monday it had reached a preliminary deal with Exxon Mobil to produce heavy oil in the north of the Gulf Arab state and aimed to boost production to 900,000 barrels per day by 2020.
Oil prices, trading near a record high of $90 a barrel, could hit $100 because of political tension and speculation, the top oil official of OPEC member Libya said on Monday.
Worry about slowing economic growth and a new bout of credit fears ignited the global sell off in stocks which continues into the U.S. open. Wall Street was the first market to spiral downward in Friday's big sell off amid worries the U.S. sub prime mess will take longer to sweep away than expected and is fanning out into other types of credits.
Turkey's main stock index opened 6 percent down on Monday after a major rebel attack on Turkish soldiers increased pressure on the government to launch a cross-border incursion into northern Iraq.
U.S. average retail gasoline prices rose by nearly 5 cents and are poised to rise further as those who make, distribute and sell gasoline see their profit margins squeezed, according to an industry analyst.
Oil prices are not rising because of a lack of crude in the market and so any increase in OPEC output is unlikely to help bring them down, a senior Iranian oil official was quoted as saying on Sunday.
Fear returned to Wall Street this past week, and the Fed's meeting Oct. 31 is now being looked at as a necessary balm for the markets. Rightly or wrongly, that's how traders are see it, and they now expect the Fed to cut its target Fed funds rate and probably discount rate by a quarter point at that meeting.
Commodities have been one of the hottest areas in the financial markets in recent years, but investors need a cool hand to gauge where and when to enter the game.