GENEVA, Dec 12- Airlines lobby group IATA has raised its forecast for airline profits this year by 10 percent and predicted passenger numbers topping 3 billion for the first time, reflecting lower jet fuel costs, improved efficiency and global economic growth.» Read More
China's central bank has set a target of capping new domestic-currency lending in 2008 at last year's level of 3.63 trillion yuan, state media reported on Tuesday.
Oil ended above $94 per barrel on Monday, halting a three-day losing streak, amid a wider commodities rally -- and as the dollar's weakness and tensions involving Iran countered worries of a global economic downturn.
After 2 days of watching a slew of new models be introduced at the Detroit Auto Show, some impressions. 1. The Nissan GT-R is even more spectacular in person than I thought it would be. it a Corvette "killer" that will replace the American sports car as the speedster that delivers the best bang for the buck?
U.S. consumers are tightening their purse strings, and the squeeze may be severe enough to topple the U.S. economy into recession.
Corporate general meetings usually have all the excitement of televised curling, but Northern Rock's extraordinary meeting will live up to its name as gun-slinging institutional investors take on the company's board.
The dollar dropped to a record low versus the Swiss franc and seven-week lows against the euro and yen on Monday as concern that weak U.S. corporate earnings will prompt more interest rate cuts weighed on the currency.
Is the U.S. market getting beaten-up enough to get interesting? Strategists at Credit Suisse seems to think so. They are recommending a 5 percent overweight in U.S. stocks because the Fed is likely to cut rates to respond to the slowing economy quicker than their European counterparts.
The Federal Reserve is unlikely to cut interest rates before its next scheduled meeting in late January but may consider doing so if the outlook deteriorates sharply before then, the Wall Street Journal reported on Monday.
Asian markets ended mostly lower Monday, while the price of gold hit a new record high above $900 a troy ounce as investors sought protection against a potential U.S. recession and a weaker dollar. Hong Kong stocks closed 1.5 percent lower and South Korean shares lost almost 1 percent.
A private gauge of Australian inflation rose sharply in December as fuel, borrowing costs and rents all climbed, heightening the risk that official inflation figures could be alarming enough to warrant a rate hike.
Oil closed below $93 per barrel on Friday, extending losses for the third consecutive day, on fears that a possible U.S. recession would weaken fuel demand from the world's largest energy consumer.
The yen strengthened across the board on Friday as global equity markets sagged on renewed fears that the U.S. financial sector may suffer even more losses, diminishing investors' risk appetite.
The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
Talk about a little car making a big impression. Yesterday, when you saw Tata's new microcar, the Nano, and its equally small price of $2,500 you sent me e-mails. You love it! You really, really love
Asian markets closed sharply lower Friday, with the exception of China and India, as investors sold down shares after report in the New York Times that Merrill Lynch could suffer $15 billion in losses from soured mortgage investments, almost twice its orginal estimate. Japan shed almost 2 percent and South Korea finished 2.3 percent lower.
Bank of Japan Governor Toshihiko Fukui said on Friday the pace of growth was slowing, as markets started pondering the risk of a Japanese rate cut.
Oil slipped more than $2 to end below $94 per barrel on Thursday, as concerns about a wider economic slowdown raised the possibility of weakening energy demand.
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.
Traders are looking at the latest retail sales figures and thinking twice about snapping up crude. According to Thompson Financials combined retail index, November and December sales stalled to 2004 level.
Royal Dutch Shell execs have been talking about the impact of high oil prices on future energy projects--but the company continues to press on with plans despite headwinds facing the sector. “Increasing supply is best way to affect the price,” says Shell Oil President John Hofmeister.