Posts Tagged ‘budget’

Oil Heads for Annual Loss as U.S. Budget Talks Near Deadline

by Forex Rooton December 31, 2012 6:16 am BST
Oil fluctuated in New York, heading for its first annual loss since 2008, as U.S. lawmakers tried to bridge disagreements over how to avert tax increases and spending cuts that threaten the world’s largest economy. West Texas Intermediate futures were little changed after sliding for two days as U.S. Senate Majority Leader Harry Reid said […]

XAUUSD Drops as Some Investors Sell; U.S. Budget Negotiations

by Forex Rooton December 27, 2012 6:42 am BST
Gold fell for the first time in five days as some investors sold the metal amid negotiations between U.S. lawmakers to strike a budget deal before the end of the year. Silver gained as investors boosted holdings to a record. Spot gold lost as much as 0.4 percent to $1,653.55 an ounce and was at […]

Statoil ‘threatens Norway flag-out’

by on November 19, 2012 9:56 am BST
The company, led by chief executive Helge Lund, stated in its recent third-quarter results report that it could face a one-off deferred tax charge  of Nkr2.3 billion ($398.5 million) as a result of new tax rules for overseas activities being proposed by Norway’s Finance Ministry. Under the existing

GLOBAL ECONOMY-Looking hard for reasons to give thanks

by on November 18, 2012 7:00 pm BST
Sun Nov 18, 2012 2:00pm EST * Euro zone in fresh crisis talks over Greece * Budget wrangling in US, EU could sour sentiment* Euro area set for poor PMIs; China's might pick upBy Alan Wheatley, Global Economics CorrespondentLONDON, Nov 18 (Reuters) - With every year that passes, fewer and fewer people lead a