by | Sep 9, 2010 | Towing
Oil prices advanced to nearly $75 a barrel in Asia after a report showed that U.S. crude oil inventories dropped more than forecast, suggesting improved demand.
Benchmark oil for delivery in October rose 32 cents to $74.99 a barrel late Thursday afternoon Singapore time in electronic trading on the New York Mercantile Exchange, according to The Associated Press.
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U.S. crude oil…
Continue reading Oil Prices Near $75 a Barrel in Asia on U.S. Inventories
Oil Prices Near $75 a Barrel in Asia on U.S. Inventories originally appeared on DailyFinance on Thu, 09 Sep 2010 07:05:00.
Filed Under: Energy, Technology, Economy, Green
by | Sep 9, 2010 | Towing
Treasury Secretary Timothy Geithner said that China should let its yuan currency appreciate faster to demonstrate that the country is willing to follow through on promises.
“Frankly they haven’t let the currency move very much so far,” Geithner told Bloomberg News. “They know they’re just at the beginning of that process and I think we’d like to see them move more quickly.”
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Continue reading Geithner: China Should Let Yuan Appreciate Faster
Geithner: China Should Let Yuan Appreciate Faster originally appeared on DailyFinance on Thu, 09 Sep 2010 06:51:00.
Filed Under: Economy, Currency
by | Sep 8, 2010 | Towing
China’s Sinochem Corp. invited Temasek, Singapore’s sovereign wealth fund, to join a consortium that may bid for Potash Corp. (POT), Reuters reported.
Temasek has not made any decision on whether to join the consortium, Reuters reported without namin…
by | Sep 8, 2010 | Towing
The yen strengthened to a 15-year high against the U.S. dollar as investors bet against the country’s policy to limit the gains in the currency.
The yen strengthened to 83.34 per dollar, compared to 83.80 late Tuesday, The Wall Street Journal reported.
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“This size gain is not enough to trigger unilateral intervention in the market,” Takayuki Asahara, a dealer at Shinkin Central Bank,…
Continue reading Yen Gains to 15-Year High Against U.S. Dollar
Yen Gains to 15-Year High Against U.S. Dollar originally appeared on DailyFinance on Wed, 08 Sep 2010 08:27:00.
Filed Under: Economy, Investing, Credit, Currency
