22 August 2008 06:00 [Source: ICIS news]
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Investors pulled their money out of
Oil up as financials fall
Crude oil prices soared while financial stocks fell in volatile trading on Thursday as investors tried to profit from the contrasting fortunes of the energy and banking sectors.
Companies and markets
Bank trio in auction rate deals
Merrill Lynch, Goldman Sachs and Deutsche Bank on Thursday agreed to buy back up to $14.5bn of auction-rate securities and pay $162m in fines to resolve investigations into whether they misled people who bought the debt instruments.
Overview: Equities retreat as risk aversion rises
Persistent concerns about the outlook for the global financial sector and a sharp rally for oil prices unsettled equity investors on Thursday and weakened the dollar.
INTERNATIONAL HERALD TRIBUNEFront page
The Shiite-dominated government in
Suicide attack at
More than 60 people were killed Thursday when two suicide bombers attacked
Three of Wall Street's top investment banks agreed to pay millions of dollars in fines and buy back billions of dollars in frozen, illiquid securities after US regulators reached settlements over the way the firms sold auction-rate securities.
British regulator chief warns of recession similar to 1990s
British banks should be prepared to cope with an economic downturn and a housing market slump that could mirror the recession in the early 1990s, said Hector Sants, the chief executive of the regulator known as the Financial Services Authority.
Finding a remedy for health care
When anesthesiologist Dmitry Sedykh was called to treat an 8-month-old suffering from heart failure this May, he found no equipment to resuscitate the baby boy.
Russian soldiers were at work digging positions outside
Khodorkovsky offers to stay out of business
Jailed tycoon Mikhail Khodorkovsky told his parole hearing Thursday that if freed he would quit the oil business for good, and devote his life instead to humanitarian work and his family.
Kudrin uneasy over oil price downturn
Falling oil prices might mean that
The return of
With the rise of Barack Obama the influence of the Kennedys is growing. Edward Kennedy, the family's gravely ill patriarch, has had a huge impact on the nation, and JFK's daughter Caroline is helping Obama decide on a vice-presidential candidate. Could a Kennedy be slated for a role in an Obama administration?
Western spies were out in the cold
Forty years ago this Thursday, the
TURKISH DAILYFront page
A tragic end of endangered chickens of Sinop
Hacıkadın chickens in northern
Freestyle wrestler Ramazan Şahin wins a gold medal to end
Business and finance
Loans surpass deposits in the first half
As estimated losses of the world's financial sector giants surpassed $500bn in the first six months of the year, Turkish companies have kept growing and increasing their profit rates.
Oil prices keep rising
Oil rose for a third day to more than $120/bbl as a result of Russian-US tensions.
Three Polish soldiers killed in Afghanistan
Three Polish soldiers were killed and one injured in what has been called as the bloodiest day for the Polish military
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