Vince Cable’s “war” on Rupert Murdoch may in fact be good for News Corp’s bid for BSkyB.
The bellicose remarks made by the UK business secretary to undercover reporters are a huge embarrassment given he had, until now, the power to block the takeover and was meant to exercise that power apolitically. But they may also increase the chances of the controversial deal being cleared. And the Daily Telegraph’s apparent self-censorship of Cable’s comments about a rival puts the newspaper, which has opposed the deal, in the same boat as the media mogul it wants to see tamed.
LONDON, Dec 17 (Reuters) – Oil hovered around $88 on Friday,
supported by a weaker dollar and unseasonably cold northern
hemisphere weather as investors shrugged off fresh concerns
about high levels of debt in the eurozone.
Investors held their nerve after Moody’s slashed Ireland’s
debt rating and put the country, along with Greece, on negative
outlook warning that further downgrades could follow.
LONDON, Dec 16 (Reuters) – Oil fell to around $88 a barrel
on Thursday as a slew of positive economic data from the U.S.
was tempered by mounting concerns over the debt-crisis in the
Investors traded cautiously a day after Spain was warned by
Moody’s that it faced a downgrade to its credit rating and as
European leaders were due to begin a two-day meeting in Brussels
to try and agree the next steps in tackling the crisis. [ID:
LONDON (Reuters) – Oil prices rose on Wednesday as investors shrugged off concerns over the health of the global economy following a unexpectedly very large drop in U.S. crude oil inventories.
“The dramatic drawdown in crude oil cannot be dismissed so easily. This could be the fundamental catalyst to decidedly take out the $90 barrel level,” said John Kilduff, a partner at Again Capital LLC in New York.
LONDON (Reuters) – Oil prices fell below $88 on Wednesday after the U.S. Federal Reserve dampened expectations of rapid economic recovery and following inventory data suggesting weak demand in the world’s largest oil consumer.
“The Fed outlook was less optimistic than some might have expected after recent positive economic data and the American Petroleum Institute (API) inventory report was quite bearish for prices,” said Carsten Fritsch, an analyst at Commerzbank.
LONDON, Dec 14 (Reuters) – Oil prices consolidated on
Tuesday ahead of a meeting of the U.S. Federal Reserve as
investors stayed bullish on the outlook for demand but remained
wary over the prospect of a Chinese rate rise.
The Federal Reserve was expected to revise its economic
outlook to reflect stronger growth in the largest oil consuming
nation after recently agreeing to extend tax breaks, effectively
delivering fresh fiscal stimulus. [ID: nN13201941]
LONDON (Reuters) – Oil prices consolidated on Tuesday ahead of U.S. inventory data as investors were bullish on the outlook for demand but wary over the prospect of a Chinese rate rise.
U.S. crude oil stocks were expected to have fallen last week, according to a Reuters survey of analysts. Crude stocks were estimated to be lower by 2.2 million barrels, with distillate stockpiles seen down 500,000 barrels.
LONDON (Reuters) – Oil rose more than a dollar on Monday in line with other commodities on strong economic data out of China and after OPEC agreed to keep its production targets unchanged.
The Organization of the Petroleum Exporting Countries decided on Saturday, as expected, to maintain its production policy and leading member Saudi Arabia said it still favoured oil prices between $70 and $80 per barrel.
LONDON (Reuters) – Oil rose more than a dollar on Monday in line with other commodities after OPEC agreed to keep output targets unchanged despite a surge in heating fuel demand.
The Organization of the Petroleum Exporting Countries decided on Saturday, as expected, to maintain its production policy and leading member Saudi Arabia said it still favored oil prices between $70 and $80 per barrel.
LONDON (Reuters) – Oil rose for a second day on Friday to trade close to $89 as Chinese crude imports rebounded, and the International Energy Agency raised its global oil demand forecast.
China’s central bank on Friday increased the amount of money lenders must keep on reserve for the third time in one month, a move to mop up excess cash in the economy and rein in inflation.