Euro Gains on Dollar
The euro gained on the dollar in the wake of positive news from the European stock markets. More
Markets in Asia and Europe Lift on US Rally
Markets around the world are higher this morning after Wall Street completes four consecutive days of positive gains. American markets are closed today for the Thanksgiving holiday. More
Attacks Close Indian Markets
India’s financial markets remain closed in the wake of attacks on several hotels and restaurants in Mumbai. More
Cracks Appearing in the OPEC Armour
As demand for oil decreases and the price continues to fall, two camps are forming within Organization of the Petroleum Exporting Countries (OPEC) – countries like Saudi Arabia that can afford a period of lower prices, and countries that rely on high prices to meet their spending needs such as Iran and Venezuela. OPEC meets this weekend and it is expected that production will be reduced in a bid to boost prices. More
France to Offer Credit Guarantees
The French government is working on a plan that would see insurance being offered to companies that provide credit to other businesses. This would effectively insure the loaning company in the event that the firm they are lending to goes out of business and is unable to meet its financial obligations. More
