POLITICS

Rate Hike Would Trigger Big Bond Sell-off

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While the prospect is considered all but impossible, a surprise interest rate increase from the Federal Reserve this week would likely trigger a calamitous sell-off in the short end of the Treasury bond market.

Burren Energy Announces Interim Results

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Today Burren Energy the independent oil and gas exploration and production company, announced in a statement its interim results for the six months ended June 2006.
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GSK Submits Tykerb for Market Approval

GlaxoSmithKine plc has announced today the submission of a New Drug Application to the United States Food and Drug Administration (FDA), for approval to market.
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Sudan Set to Agree AU Mandate Extension

Sudan is expected to agree to an extended African Union peacekeeping mandate in Darfur when African foreign ministers meet in New York on Monday, a presidential adviser said.
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Nambia Inflation Up to 5.4 pct in Aug

Namibia's annual inflation rate quickened to 5.4 percent in August from 5.1 percent in July, largely driven by rising food and transport costs, official data showed on Monday.
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Gas prices fall on ample supply

Gas prices fell on Monday ahead of an expected inflow of extra gas from Norway later this week via the new Langeled pipeline.
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International Finance Corporation Refocusing on Africa

The World Bank's private sector arm said on Monday it hiked investments in the Middle East and Africa by 80 percent in the year that ended in June due to higher demand in those regions and it aims to do more in 2007. We are refocusing on these countries, International Finance
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Headset blues to hit CSR profit

Bluetooth specialist CSR's shares dropped 26 percent in early trading on Monday after it reduced profit expectations for the year
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Debenhams says Femme Fatale look reviving trade

The country's No. 2 department store group Debenhams said on Monday it would meet its profit expectations and that a Femme Fatale look in women's fashion was helping to revive trading after a sluggish early summer.
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Finance ministers back World Bank plan

Finance ministers on Monday backed a controversial new World Bank strategy for tackling corruption in developing countries but insisted on overseeing how it is implemented
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YouTube Signs Partnership ith Warner Music

Music videos from artists like Madonna, Red Hot Chili Peppers and Sean Paul will be legally available for the first time on YouTube, a popular online video sharing site, after signing its first commercial partnership with Warner Music Group.
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Brown signals growth above forecast

Chancellor Gordon Brown suggested on Monday economic growth this year would turn out stronger than forecast in his budget a timely boost as he sets out his pitch to succeed Prime Minister Tony Blair.
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Oil Eking Out Small Gains, OPEC Eyes U.S. Growth

Oil prices nudged higher for a second day on Monday, struggling to end their steepest slump in more than a decade amid robust winter fuel stocks and easing geopolitical and weather risks to oil supplies. NYMEX crude for October delivery
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Eurostocks Week Ahead - Fed decision, earnings eyed

European investors will focus on the Federal Reserve's interest rate decision next week and clues about the U.S. economy, while a smattering of company results will also roll on in Europe and the United States.
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G7 sees strong growth

The world's leading industrial countries are enjoying strong growth but face the risk of rising inflationary expectations, tight energy markets and spreading protectionism

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