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Dodging the mortgage bullet
The credit crunch has many holders of bank and brokerage stocks quaking in their boots. But Chuck Lahr, manager of Franklin Templeton's Mutual Financial Services fund, isn't one of the worriers. Four years ago Lahr began shifting money out of US financial services and into European financial stocks, which held up better in the recent turmoil.Read more : CNN Money Mutual fund advice and news: 24.09.2007 17:36:00
Iran Adapts to Economic Pressure
Confronted by mounting US and U.N. pressure, Iran has been steadily shifting its trade from West to East and, with the benefit of record high oil prices, is likely to be able to withstand the new US sanctions, according to US, European and Iranian analysts.Read more : Washingtonpost Oil and Gas Prices: 29.10.2007 11:00:00
Opportunities Seen for Rural America
CHARLESTON, S.C. (AP) -- A top US Agriculture Department official predicts a bright future for rural America if it can take advantage of three things: broadband Internet, $100-a-barrel oil and expanding capitalism in Europe and Asia....Read more : Associated Press Business News: 28.11.2007 16:27:00
EU Employers Say Get Used to Strong Euro
BRUSSELS, Belgium (AP) -- Europe must acclimate to a consistently strong euro that could send some production outside the region, employers warned Tuesday as high oil prices and a credit crisis threatened the euro zone's economic growth....Read more : Associated Press Business News: 05.12.2007 00:05:00
The Pour: Drink and Be Merry: Wine Prices to Rise
The price of oil has shot up, and the dollar has plunged to new lows. For lovers of European wines in particular, it's a recipe for skyrocketing prices.Read more : NYT Dining & Wine: 05.12.2007 10:21:00
Kuwait-Dow Chemical Set Plants
Kuwait Petroleum will effectively acquire 50% stakes in some Dow Chemical plants from the US to Europe to South America. The deal gives Kuwait Petroleum a new toehold to compete more directly against publicly traded oil giants in the West.Read more : Wall Street Journal Deals & Deal Makers: 14.12.2007 10:40:00
European Shares Slip
European shares retreated from early gains in afternoon trading, as bank and mining losses outweighed advances by oil firms.Read more : Wall Street Journal Europe Markets News: 15.12.2007 00:43:00
Infrastructure Meets Bumps in Financing
European investors seeking solace -- and safety -- in deals for financing infrastructure such as toll roads and utility companies can take heart: Most scheduled for 2008 will go off as planned despite the debt-market turmoil.Read more : Wall Street Journal Europe Markets News: 17.12.2007 08:54:00
Michael Farber: Simon's latest incident and more notes
Chris Simon's leave of absence after his latest incident is a pre-emptive strike, writes Michael Farber. Meanwhile, the Oilers continue to stir the NHL pot and European leagues get tough.Read more : CNN Sportsillustrated Hockey: 18.12.2007 12:32:00
Fed Unveils Home Mortgage Rules
The Federal Reserve today unveiled home mortgage rules meant to curtail the subprime lending practices that have roiled the global financial system as European banks moved again to smooth credit markets and calm investors.Read more : Washingtonpost Personal Finance: 18.12.2007 23:47:00
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