Oil rises after $7 losses

June 10, 2008 on 11:30 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil rose towards $132 a barrel on Wednesday ahead of weekly U.S. oil inventories data forecast to send mixed signals, erasing some of the two previous sessions’ $7 losses triggered by a …

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Oil rises after $7 losses

HSBC may consider dropping Korea bank takeover deal

June 10, 2008 on 10:31 pm | In Business News | No Comments

TAIPEI/SEOUL (Reuters) - HSBC , Europe’s biggest bank, might consider pulling out of a $6.3 billion (3.2 billion pound) deal to take over South Korea’s No. 6 bank, Korea Exchange Bank , its Asia chief said on Wednesday.

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HSBC may consider dropping Korea bank takeover deal

Pulse of global wealth beats on Bond Street

June 10, 2008 on 8:30 pm | In Business News | No Comments

LONDON (Reuters) - Well before the store opens, a window-cleaning van arrives every morning to ensure gleaming windows set off the sparkle of diamonds. A pair of burly guards, in black suits and earpieces, take their places.

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Pulse of global wealth beats on Bond Street

Oil falls on demand worries

June 10, 2008 on 1:26 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil fell on Tuesday after the U.S. Federal Reserve signalled it was taking aim at inflation, triggering a rebound in the U.S. dollar and a sell-off across the commodities markets.

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Oil falls on demand worries

FTSE 100 falls to 2-1/2-month closing low

June 10, 2008 on 12:28 pm | In Business News | No Comments

LONDON (Reuters) - The FTSE fell for a third day in a row on Tuesday as commodity stocks weighed, though miner Eurasian Natural Resources rose on market talk of a merger with rival Kazakhmys .

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FTSE 100 falls to 2-1/2-month closing low

HSBC plans pension changes for 58,000 staff

June 10, 2008 on 11:21 am | In Business News | No Comments

LONDON (Reuters) - HSBC is proposing changes to the pensions of its 58,000 staff in Britain, which could see the normal retirement …

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HSBC plans pension changes for 58,000 staff

FSA says should oversee incentives for bankers

June 10, 2008 on 10:42 am | In Business News | No Comments

LONDON (Reuters) - The financial regulator waded into the debate over compensation packages for top bankers and traders on Tuesday, telling an industry conference that it would take a tougher look at pay and incentive structures.

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FSA says should oversee incentives for bankers

ENI buys Tullow North Sea gas field

June 10, 2008 on 10:22 am | In Business News | No Comments

LONDON/ROME (Reuters) - Italy’s Eni will invest 1 billion euros (794 million pounds) in the North Sea Hewett Unit gas fields after boosting its stake there to 89 percent by buying Tullow Oil’s 51.69 percent interest for $412 million (211 million pounds).

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ENI buys Tullow North Sea gas field

Gazprom predicts $250 oil in 2009

June 10, 2008 on 10:04 am | In Business News | No Comments

DEAUVILLE, France (Reuters) - Russia’s Gazprom, the supplier of a quarter of Europe’s natural gas, expects the price of crude oil to almost double within 18 months and to take gas prices higher with it.

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Gazprom predicts $250 oil in 2009

Libor 3-month dollar biggest jump since August 9

June 10, 2008 on 9:57 am | In Business News | No Comments

LONDON (Reuters) - The interbank cost of borrowing three month dollar funds posted its biggest rise on Tuesday since August 9 last year, the day the global financial crisis erupted, as banks grappled with the prospect of rising interest rates.

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Libor 3-month dollar biggest jump since August 9

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