(Bloomberg) -- U.K. stocks declined for a second straight session as economists raised their forecasts for the country's interest rates. HSBC Holdings Plc, Home Retail Group Plc and Kingfisher Plc led the slide.
Royal Bank of Scotland Group Plc fell after the Dutch central bank said a group bid for ABN Amro Holding NV may increase risk. Scottish & Southern Energy Plc slid after Goldman, Sachs & Co. added the power company to its ``conviction sell'' list.
Read more at Bloomberg Stocks News
Wednesday, April 18, 2007
Persian Gulf Oil-Tanker Rates May Extend Three-Week Decline on Vessel Glut
(Bloomberg) -- The cost of transporting 2-million barrel consignments of crude oil from Middle East ports on supertankers may extend a three-week decline because there are too many ships available for hire.
About 104 tankers can reach Persian Gulf ports by May 18, according to a report today from Paris-based shipbroker Barry Rogliano Salles. That's already enough to cover the entire month's demand, based on April shipments. More vessels will become available later in the month, increasing the glut.
Read more at Bloomberg Energy News
About 104 tankers can reach Persian Gulf ports by May 18, according to a report today from Paris-based shipbroker Barry Rogliano Salles. That's already enough to cover the entire month's demand, based on April shipments. More vessels will become available later in the month, increasing the glut.
Read more at Bloomberg Energy News
Carbon Emission Permits Decline to Record Low as Polluters Sell Surpluses
(Bloomberg) -- Carbon dioxide emission permits for immediate delivery fell to a record as power plants and factories sold surplus allowances.
Emission permits covering the year 2007 lost 15 cents, or 22 percent, to a record 0.52 euros ($0.71) a metric ton, according to prices from the Powernext exchange in Paris. They had declined in each of the previous five sessions.
Read more at Bloomberg Energy News
Emission permits covering the year 2007 lost 15 cents, or 22 percent, to a record 0.52 euros ($0.71) a metric ton, according to prices from the Powernext exchange in Paris. They had declined in each of the previous five sessions.
Read more at Bloomberg Energy News
Gold Climbs to 11-Month High in London on Dollar's Decline; Silver Gains
(Bloomberg) -- Gold climbed to its highest since May in London after investors bought the commodity as a hedge against declines in the U.S. dollar, which slid close to a two- year low against the euro. Silver and platinum also gained.
The dollar fell to $1.36 against the euro for the first time since December 2004 on speculation slower U.S. inflation will spur investors to seek fixed-income assets in nations where interest rates are climbing. Gold generally moves counter to the U.S. currency. Bullion surged 23 percent last year while the dollar slid 11 percent against the euro.
Read more at Bloomberg Commodities News
The dollar fell to $1.36 against the euro for the first time since December 2004 on speculation slower U.S. inflation will spur investors to seek fixed-income assets in nations where interest rates are climbing. Gold generally moves counter to the U.S. currency. Bullion surged 23 percent last year while the dollar slid 11 percent against the euro.
Read more at Bloomberg Commodities News
Mauritius March y/y inflation climbs to 9.7 pct
(Reuters) - Mauritian year-on-year inflation rose to 9.7 percent in March from 8.9 percent in December, the Central Statistics Office (CSO) said on Wednesday.
For the first quarter of this year, the consumer price index rose 1.8 percent following price increases of fresh vegetables, chicken, meat, powdered milk, oil and some other food products as well as higher tuition fees, the report said.
Read more at Reuters Africa
For the first quarter of this year, the consumer price index rose 1.8 percent following price increases of fresh vegetables, chicken, meat, powdered milk, oil and some other food products as well as higher tuition fees, the report said.
Read more at Reuters Africa
KBC, Portugal, Linde, Henderson Plan to Sell Debt: European Bond Alert
(Bloomberg) -- The following is a list of bond sales denominated in euros or pounds and expected in the coming days and weeks.
Investment-Grade Sales
Read more at Bloomberg Bonds News
Investment-Grade Sales
Read more at Bloomberg Bonds News
JGBs retreat on renewed BOJ jitters
(Reuters) - Benchmark 10-year JGB yields jumped to a two-month high of 1.710 percent due to some selling of cash bonds.
Short- and medium-term bond yields -- which are most sensitive to changes in monetary policy -- also rose, with the five-year yield hitting a three-month high of 1.270 percent during the session.
Read more at Reuters.com Bonds News
Short- and medium-term bond yields -- which are most sensitive to changes in monetary policy -- also rose, with the five-year yield hitting a three-month high of 1.270 percent during the session.
Read more at Reuters.com Bonds News
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