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Posts Tagged ‘OPEC’

European Stocks Drop for Sixth Day; BP Falls on OPEC Speculation

June 8th, 2011 Comments off

European stocks dropped for a sixth day, for the longest losing streak since March, after Ben S. Bernanke gave no hint that the central bank will unveil a new round of stimulus. U.S. futures and Asian shares retreated.
BusinessWeek.com — Finance

Dollar Depressed by OPEC Slashing Treasury Holdings by 9%

March 14th, 2011 Comments off

Oil-exporting countries are cutting holdings of U.S. government debt as energy prices rise, helping depress the dollar, the worst-performing major currency of the past six months.
BusinessWeek.com — Finance