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Retailers May Cut Petrol Price Next Week

State-run retailers may cut gasoline prices from Nov. 16, an industry source said. It will be the first cut in nearly three years and the first in the 18 months since the government liberalized it.
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Euro stabilizes, world stocks above 3-week low

The euro rose from a one-month low versus the dollar on Thursday and top-rated government debt fell while world stocks held above a three-week trough on hopes that new governments being formed in Italy and Greece could help fend off a euro zone break up.
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Asian Shares Rise on Hopes Greece will Shelve Referendum

Asian shares rose more than 2 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote planned in the Greek Parliament.
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Brent, U.S. Oil up on China PMI Data, EU Optimism

Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested China's economy may not be in as much danger as feared, supporting fuel consumption and outweighing fears over weak European data.
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U.S. Stocks Fall Following Loss of Hope at EU summit

US stocks fell and the euro edged lower on Wednesday as a consequence of fading optimism about European leaders to make considerable advancement to resolve the euro zone debt crisis at their summit meeting this weekend.
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Oil, Equities Soar After Unexpected Drop in Petroleum Reserves

An unexpected drop in U.S. petroleum reserves reported mid-morning Wednesday surprised financial markets, which had been anticipating a moderate drop. U.S. commercial crude oil inventories for the week ending Oct. 14 decreased by 4.7 million barrels, according to weekly U.S. Department of Energy report. Analysts had predicted a rise of 1.75 million barrels.
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U.S. Stocks: 5 Reasons Why the Dow Will Fall to 10,000 by June

You can't blame investors for feeling a bit cautious regarding the Dow Jones Industrial Average's (DJIA) recent push from 10,700 to 11,140 in the past month. The stock market's bears say it's a false rally, and the Dow is likely to fall. Here's why.
Angola's President Jose Eduardo dos Santos talks to journalists after a signature agreement ceremony held at Sao Bento Palace in Lisbon, Portugal

Angola sees 2011 GDP growth lower than expected

President Jose Eduardo Dos Santos cut Angola's growth forecast for 2011 to 3.7 percent on Tuesday due mainly to lower crude production but the economy should bounce back with a 12 percent expansion next year.
Nigeria's President Goodluck Jonathan waves during a military parade marking Nigeria's 50th independence anniversary in Abuja

Nigerian unions warns president over fuel subsidy

Nigeria's trade unions have warned President Goodluck Jonathan there could be civil unrest if the go-ahead is given to remove the fuel subsidy the government says will cost 1.2 trillion naira this year.
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Oil Prices Dip on Lower Chinese Demand

Oil slipped Thursday, with Brent crude snapping a six-day rally, after trade data from China pointed to slower demand in the world's second-largest oil consumer.
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India's September Inflation Seen Easing to 9.7%

India's wholesale price index probably rose 9.70 percent in September from a year earlier, easing slightly from 9.78 percent in August, a Reuters poll showed.Forecasts from 25 economists ranged from 9.2 to 9.9 percent.
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Nigerian naira hits record low, cbank unveils new move

The Nigerian naira struck a new record low of 164.85 to the dollar in the interbank market on Thursday, pressured for a second day by the central bank's comments earlier this week that it would not support the currency at all costs.
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Asian Stocks Rise on Hopes for Europe, U.S.

Asian shares rose Thursday as optimism over Europe's efforts to aid the euro zone's financial sector and U.S. data suggesting the economy could avoid recession spurred short-covering and value-hunting.

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