*China data may reinforce signs of stabilising growth. SINGAPORE, Dec 10- Brent crude hovered above $109 a barrel on Tuesday ahead of data from China that may reaffirm signs of stabilising growth and fuel demand in the world's second largest oil consumer. Brent crude for January edged up 14 cents to $109.53 a barrel by 0315 GMT.» Read More
Ted from Connecticut asked: “With the China markets and other emerging markets cooling off, both PetroChina and Petroleo Brasiliero - China and Brazil's largest oil companies are off their 52 week highs. Do they look like a good buy or will they go even lower?”
Upside in investments is important. But if today’s rally doesn’t hold and last week’s sell-off returns in full force, you’ll want stocks that minimize the downside. The solution: Look for good yields.
Stocks snapped back from a week-long selloff and posted the biggest one-day gains in several months."The market is feeling a lot better," said Stuart George, head of equity trading at Delaware Investments, in an interview with CNBC.com.
Oil prices climbed toward $61 a barrel, drawing strength from a rebound in global equities and on forecasts for a drop in gasoline inventories in the United States, the top consumer.
Investment in alternative energy is surging and it’s not simply the result of the politically correct investing crowd. As energy industry executives meet in Houston at the CERA conference, venture capitalists are taking an active interest in the sector.
Ted Turner calls solar energy the "biggest business opportunity the world has ever seen." And for once, he may be understating it. CNBC's Jane Wells reported on the maverick mogul's plans, on "Morning Call."
BP Chief Executive John Browne saw his pay fall in 2006, despite a 15% rise in the oil giant's profits, as BP suffered oil spills, accusations that cost cutting had hit safety and allegations of market manipulation.
Stocks were hit by another late-session selloff as investors remained jittery after the market's worst week in four years. "I think it's just indicative of what the market is going to look like for the next couple of weeks, it's going to be very choppy," said Dan McMahon, head of listed trading at CIBC World Markets.
Crude oil futures fell below $60 a barrel, pressured by weak stock markets in Asia and Europe that fueled economic growth concerns, though bargain hunting lifted stocks in the United States and helped support crude futures.
China's legislature is expected to end special tax breaks for foreign companies in its annual session Monday. A law that state media say is expected to be enacted would equalize tax rates, raising foreign companies' tax bills and cutting those for many Chinese entities.
Stocks closed sharply lower on Friday, sparked by a wave of last-minute selling by investors reluctant to be in the market over the weekend.."There was just no good news that came out today to convince people to buy stocks," said Charles Rotblut, senior market analyst at Zacks.com. "There are a lot of people happy with taking money off the table and waiting until Monday to see how it unfolds."
Oil prices fell Friday as traders watched the stock market decline even further, renewing concerns that economic growth may stall.
This week's turmoil in the global markets has put the spotlight on arcane investment practice known as carry trade.Though a buzz word in investment circles, carry trades actually play an important role in global financing and markets.
Equity investors may look for bargains as trading begins next week following the worst five-day stretch for U.S. stocks since August 2004 and the poorest in four years in Europe, according to Mike Lenhoff, Chief Strategist and Head of Research at Brewin Dolphin Securities.
Linde, the world's largest maker of industrial gases, said Friday that 2006 net income more than tripled after restructuring the business.
Stocks closed moderately lower, but well off session lows as investors went bargain hunting. "The market is trying to settle in at some level," says Barry Hyman, Equity Market Strategist at EKN Financial Services. "There is a perception of change and there's a lot of nervous money still out here. "
U.S. crude oil futures ended higher for the seventh session in a row on Thursday as gasoline futures rallied amid refinery snags and shrinking supplies.
CNBC's Stock Editor Joe Kernen thinks this week's Dow plunge and the fears it generated are bullish for the stock market.
Russia's Gazprom has discussed forming a joint venture with BP that could work with liquefied natural gas, the state gas monopoly said in a statement Thursday.
As the dust settles from Tuesday's market selloff, one investment guru thinks investors should be assured that the fundamental outlook and valuations of U.S. companies are in good shape.