Denbury Replaces 2 1/2 Times '07 Output Independent oil and natural gas producer Denbury Resources Inc. said Monday it added enough proved reserves last year to replace two-and-a-half times its 2007 production. 04 Feb 2008
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China Bank Sets Aside Subprime Reserves China's biggest bank, Industrial & Commercial Bank of China Ltd., has set aside reserves equal to 30 percent of its $1.2 billion in subprime holdings to cover possible losses, a state news agency reported Monday. 04 Feb 2008
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The Federal Reserve cuts rates by 0.50% to 3% The Federal Reserve's Monetary Policy Committee has decided to cut interest rates by 50 basis points to 3% after their monetary policy meeting.
For more information, read our latest forex news. 30 Jan 2008
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Alliance Data Sues to Preserve Deal Alliance Data Systems Corp. has filed suit to force private equity group Blackstone Group LP to continue to work toward completing its planned takeover, the credit card services provider said Wednesday. 30 Jan 2008
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Federal Reserve Expected to Cut Rate The Federal Reserve is likely to follow its bold action last week to battle an economic downturn with further interest rate reductions, although analysts are split on just what size the future cuts will be. 30 Jan 2008
Chavez: Pull Reserves From US Venezuelan President Hugo Chavez urged his Latin American allies on Saturday to begin withdrawing billions of dollars in international reserves from U.S. banks, warning of a looming U.S. economic crisis. 26 Jan 2008
0.31%QQQQ 43.45 
0.48%XLF 21.74 
