Oil prices slip; FOMC, G20 meetings eyed
PERTH, Nov 1 (Reuters) – Oil prices slipped on Tuesday on a
stronger U.S. dollar, continuing uncertainty about the
resolution of the euro zone’s debt crisis and the collapse of MF
Global Holdings.
The U.S.-based futures brokerage MF Global filed for
bankruptcy protection following bad bets on euro zone debt. Its
meltdown in less than a week made it the biggest U.S. casualty
of Europe’s debt crisis and the seventh-largest bankruptcy by
assets in U.S. history.
Oil prices slip; market eyes FOMC, G20 meetings
PERTH, Nov 1 (Reuters) – Oil prices slipped on Tuesday on a
stronger U.S. dollar, continuing uncertainty about the
resolution of the euro zone’s debt crisis and the collapse of MF
Global Holdings.
The U.S.-based futures brokerage MF Global filed for
bankruptcy protection following bad bets on euro zone debt. Its
meltdown in less than a week made it the biggest U.S. casualty
of Europe’s debt crisis and the seventh-largest bankruptcy by
assets in U.S. history.
Oil prices drop on stronger dollar, weaker demand
PERTH, Oct 31 (Reuters) – Oil prices fell on Monday, weighed
down by a stronger dollar and weaker demand, with investors
eyeing a Group of 20 meeting later this week which will focus on
the European debt crisis.
The U.S. dollar climbed to a three-month high against the
yen on Monday after Japan intervened in currency markets to stem
the yen’s rise. The U.S. dollar index also rose around
1.5 percent against a basket of currencies.
Oil prices slip; G20 meeting eyed
PERTH (Reuters) – Oil prices fell on Monday, with traders cautious ahead of the Group of 20 leaders’ meeting later this week that will focus largely on the European debt crisis.
Euro zone leaders reached a deal last week to recapitalize their banks, strengthen the euro zone rescue fund and impose hefty losses on holders of Greek debt, and the market was looking for more positive news out of the euro zone to provide a floor for prices.
Commonwealth defends relevance, faces human rights
PERTH, Australia (Reuters) – Commonwealth leaders on Sunday defended their moves to toughen support for human rights, rejecting criticism the group was becoming irrelevant and had failed at their three-day summit to hold member Sri Lanka accountable for alleged abuses.
But several leaders of the 54 mostly former British colonies, meeting in the remote Australian city of Perth, supported less than half recommended reforms put forward by an eminent persons group.
Commonwealth defends relevance,faces human rights finger-pointing
PERTH, Australia, Oct 30 (Reuters) – Commonwealth leaders on
Sunday defended their moves to toughen support for human rights,
rejecting criticism the group was becoming irrelevant and had
failed at their three-day summit to hold member Sri Lanka
accountable for alleged abuses.
But several leaders of the 54 mostly former British
colonies, meeting in the remote Australian city of Perth,
supported less than half recommended reforms put forward by an
eminent persons group.
Qantas strands passengers, leaders
PERTH, Australia, Oct 29 (Reuters) – Australian airline
Qantas left tens of thousands of passengers and nearly
20 world leaders in a lurch on Saturday after it grounded its
entire fleet due to an bitter dispute with airline unions.
Travellers in Australia and at regional hubs such as
Singapore and Hong Kong were fuming as their travel plans were
derailed and they were left without luggage and scrambling to
book other flights.
Commonwealth summit starts, dogged by questions over its relevance
PERTH, Australia (Reuters) – Leaders of the Commonwealth group of mostly former British colonies met on Friday for a three-day summit under pressure to get tougher on human rights abuses by members or risk losing its purpose as a group.
Britain’s 85-year-old Queen Elizabeth opened the meeting of leaders of the 54 states of the Commonwealth, home to 30 percent of the world’s population and five of the G20 leading economies but struggling to make an impact on global policies.
Commonwealth summit dogged by questions over its relevance
PERTH, Australia (Reuters) – Leaders of the Commonwealth group of mostly former British colonies met on Friday for a three-day summit under pressure to get tougher on human rights abuses by members or risk losing its purpose as a group.
The 85-year-old Queen Elizabeth opened the meeting of leaders of the 54 states of the Commonwealth, home to 30 percent of the world’s population and five of the G20 leading economies but struggling to make an impact on global policies.
Woodside CEO: Shell in no rush to sell its Woodside
PERTH (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research, Stock Buzz), the biggest shareholder in Woodside Energy (WPL.AX: Quote, Profile, Research, Stock Buzz), has given no indication that it is in any hurry to sell its 24 percent stake in Woodside, the Australian company’s chief said on Wednesday.
“They gave us no indication that they were in a hurry to do anything at this point,” Peter Coleman told reporters on the sidelines of the Commonwealth Business Forum.

