Obama Expected to Nominate Bernanke for 2nd Term
President Barack Obama will take a break from his summer holiday to confirm that he will nominate Ben Bernanke for a second term as Chairman of the US Federal Reserve. The Chairman’s original four-year tenure is set to expire in January. More
Oil Prices Lower in Asia
Oil prices in Asia fell below $74 a barrel as investors fretted over weaker stock markets and the end of the summer “driving season”. Demand for gasoline typically tails off when September rolls around as classes resume in many parts of the world, marking the end of summer road trips and family vacations. More
Three-Month LIBOR Falls for Sixth Straight Day
The LIBOR rate fell for the sixth straight day according to the British Banker’s Association (BBA). More
Barclays: Gold to Rise to $1000 an Ounce by Next Month
Technical analysis conducted by chart watchers at Barclays Capital suggests that gold will rise to $1000 an ounce by next month. Gold is currently trading in the $946 an ounce range. More
