President Jacob Zuma said Mandela would be buried on December 15 at his ancestral home in the Eastern Cape.» Read More
Oil rose on Wednesday after U.S. government data showed a bigger-than-expected decline in gasoline stocks ahead of the summer driving season, offsetting a build in crude inventories.
Oil surged more than $2 to close at a record settling price near $120 a barrel on Tuesday as supply concerns from Nigeria and the North Sea propelled crude higher.
Crude oil prices hit a record closing high over $117 a barrel on Monday as rebel attacks cut Nigerian supplies and a Scottish refinery strike threatened North Sea crude production.
U.S. light, sweet crude settled up 36 cents, or 0.4 percent, at $101.22 a barrel on the New York Mercantile Exchange Tuesday after a day of choppy trading.
Is Africa worth a look for the American investor? Tim Seymour of Seygem Asset Management and Terrence Gray of DWS Scudder answer emphatically in the affirmative.
Nigeria’s main militant group, the Movement for the Emancipation of the Niger Delta, reportedly fired on six oil industry ships today and threatened an attack that will cause an “economic tsunami” in the world’s oil market.
Since I last blogged, Countrywide shares have fallen to eye-popping lows, Roger Clemens has come out fighting, and I got interested in the Presidential race for about five minutes. Since I last blogged, tragedy has struck Pakistan and Kenya (more on Kenya in a moment).
Oil prices have pulled back from the century mark, but supply worries could help to keep oil prices near these heights. I’m keeping a close eye on the global hot spots that were major factors in crude surging nearly 60 percent last year--because they could be the catalysts for oil prices to pop or drop in 2008.
Oil has everyone ajar on Wall Street, but today Stratfor--a respected global geopolitical consultant--has put out a thought-provoking piece arguing that oil prices are likely to go DOWN, not up, in the coming months. A massive reduction in global demand due to a softer global economy? No, though that is the usual suspect the oil bears argue.
Abandon all hope that the central bank wants to help the market, Cramer says. Also, trading Africa and a trucking company to steer clear from.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.
South Africa is a middle-income emerging market. Natural resources are abundant; the financial, legal, communications, energy and transportation sectors are well developed; and infrastructure is modern and efficient. The stock exchange is among the ten largest in the world.
Kenya is the regional hub for trade and finance in East Africa. Agricultural output was reduced by a severe drought in 1999 and 2000, and recovery has been limited by widespread governmental corruption and by low prices for several primary exports. The International Monetary Fund has repeatedly suspended loans to Kenya (in 1997, 2001, and 2006) because of corruption, but GDP grew more than 5% in 2006.
India-focused miner Vedanta Resources posted record production of most metals during the second quarter as new operations came on stream.
Algerian state-owned oil and gas group Sonatrach declined to comment on a report it has offered Banco Santander 5.7 billion euros ($8 billion) for its 30% stake in Cia Espanola de Petroleos.
Brazil, Russia, India and China offered huge opportunities to investors, but it looks like the new hot spots are in Central and Eastern Europe, the Middle East and Africa.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.
Peter Buffett has a new CD of songs from his heart, a billion-dollar foundation working to avoid what he calls "philanthropic colonialism," and an invaluable life lesson from a very famous father named Warren that's brought wisdom, if not great wealth. PLUS Free MP3 download of the song Reminder from Peter Buffett's Staring at the Sun.
Sure, I'm the Silicon Valley Bureau Chief, but every now and then I get to cover stories from that other newsmaking valley just north of here: Napa Valley. We're working up a story on Fred Franzia and when it comes to the wine business, he's probably not a name you easily recognize. There's Mondavi; the Gallos; and yes, Fred Franzia. He's either revered, or reviled, depending upon whom you talk to in the wine world.
Irish food group Glanbia said on Tuesday it expected full-year results would be towards the upper end of analysts' expectations following a strong first half.
Central African Mining & Exploration Company (CAMEC) said on Monday it planned to make an all-share bid for Canada's Katanga Mining, valuing the target at 773.1 million pounds ($1.56 billion).
U.S. oil prices touched a nine-month high Friday sparked by worries of low U.S. fuel supplies from creaking refineries and an upsurge of violence in the Middle East.