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Oil prices slide on demand worries

Oil prices slide on demand worries

AFP - 4 hours 35 mins ago

LONDON (AFP) - Oil prices fell sharply on Monday, extending heavy losses seen last week caused by poor jobs data in the United States, the world's biggest energy-consuming nation. More »

  • EU commission issues economic stimulus warning

    EU commission issues economic stimulus warning

    AFP - 22 mins ago

    BRUSSELS (AFP) - The European Commission warned EU nations Monday against constantly introducing new measures to try to bolster their economies given the size of their deficits. More »

  • TNK-BP to run roadshow this month 

    Reuters - 35 mins ago

    MOSCOW (Reuters) - Russian energy company TNK-BP , half owned by oil major BP , plans to meet investors later this month to update them on its current position, a banking source told Reuters on Monday. More »

  • GM to get remaining bankruptcy funds this year

    Reuters - 1 hour 12 mins ago

    WASHINGTON (Reuters) - General Motors Corp has been given about a third of the bankruptcy financing promised by the U.S. Treasury and will get the remaining $20 billion (12 billion pounds) over the remainder of the year, a senior U.S. official said on Monday. More »

  • Brown to urge G8 action on economy 

    Brown to urge G8 action on economy 

    Reuters - 1 hour 23 mins ago

    LONDON (Reuters) - Prime Minister Gordon Brown will use next week's G8 meeting to urge continued action to boost the global economy, despite indications that the worst of the financial crisis has passed, government sources said. More »

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