Wednesday, 14 December 2011 18:45
Posted by Asad Naeem
VIENNA: OPEC agreed on Wednesday to an oil output ceiling of 30 million barrels per day, close to its current level, with members cutting output to allow for higher supplies from Libya, Venezuelan Oil Minister Rafael Ramirez said.
"We are going to reduce the level of production of each country to open a space for Libya production," Ramirez told reporters at the end of OPEC's ministerial meeting, which he described as a "good" gathering.
Copyright APP (Associated Press of Pakistan), 2011 ...
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VIENNA: OPEC agreed on Wednesday to an oil output ceiling of 30 million barrels per day, close to its current level, with members cutting output to allow for higher supplies from Libya, Venezuelan Oil Minister Rafael Ramirez said.
"We are going to reduce the level of production of each country to open a space for Libya production," Ramirez told reporters at the end of OPEC's ministerial meeting, which he described as a "good" gathering.
Copyright APP (Associated Press of Pakistan), 2011 ...
NEW YORK: US stocks fell for a second straight day on Tuesday after the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis.
Though the Fed did leave the door open to further easing next year, as it has done after recent meetings, it gave no indication it was any more inclined to provide new economic stimulus.
The Fed left monetary policy on hold and ...
TORONTO: Canadian stocks fell to their lowest point since the end of November on Monday as mining and energy issues slid along with declining optimism that last week's European Union deal would solve the region's financial crisis.
The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 126.86 points, or 1.1 percent, at 11,907.89, it's lowest close since November 30.
Copyright Reuters, 2011 ...
NEW YORK: US stocks followed their European counterparts lower Monday, dragged down by doubts over the strength of the EU pact aimed at ending the eurozone financial crisis.
The Dow Jones Industrial Average fell 162.87 points (1.34 percent) to finish the session at 12,021.39.
The broader S&P 500 lost 18.72 points (1.49 percent) to 1,236.47, while the tech-rich Nasdaq Composite shed 34.59 (1.31 percent) to 2,612.26.
Wall Street stocks spent the session swimming in red.
The slump came "amid ...
TORONTO: Toronto's main stock index opened sharply lower on Monday as the initial enthusiasm over a European Union deal to tackle its debt crisis faded.
The Toronto Stock Exchange's S&P/TSX composite index was down 126.44 points, or 1.05 percent, at 11,908.31, shortly after the open.
Copyright Reuters, 2011 ...
NEW YORK: US stocks ended another rocky week with solid gains Friday after European Union leaders, except Britain, set a tentative pact on tougher fiscal discipline.
The Dow Jones Industrial Average closed up 186.56 points (1.55 percent) to 12,184.26.
The broader S&P 500 jumped 20.84 (1.69 percent) to 1,255.19, while the tech-rich Nasdaq Composite gained 50.47 (1.94 percent) to 2,646.85.
EU leaders meeting in Brussels on the eurozone crisis gave a boost to markets when they declared their ...
