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Rupee rises as stocks rebound
MUMBAI: Rupee rose on Wednesday, recovering from 15-month lows on the back of a 5.4 per cent surge in the stock market, but high crude prices may continue to exert downward pressure on the local un...
India Gazette

Stocks drop after new record for oil prices
The rising price of oil has sent wall street falling sharply once again. Crude oil reached a new record above $144 a barrel, stirring fresh concerns in the stock market about inflation pressures on the economy. Beyond oil, General Motors Corp. fell after a...
San Francisco Chronicle

Personal Finance Daily: You may want to bail on your adjustable mortgage
The Federal Reserve has sent a pretty clear signal to the markets that it stands ready to push interest rates higher to fight inflation. If you are a homeowner with an adjustable-rate mortgage, you can pretty much interpret that as well as a signal to jump into a fixed-rate loan as quickly as you can.
MarketWatch.com

U.S. Stocks Down Ahead Of Thursday
U.S. stocks on Wednesday shed earlier gains to lapse into negative turf as the price of crude rose and with investors feeling heat ahead of Thursday's jobs report.
bignewsnetwork.com

U.S. Oil Supplies Fall More Than Expected
Energy Information Administration: crude supplies fell by 2 million barrels.
ABC News

Oil backs off after inventory report
Oil prices fluctuated Wednesday after the government reported that the nation's crude supplies fell slightly more than expected last week while stockpiles of gasoline unexpectedly rose.
CNN

Gulf General Investment profit up 94%
UAE-based Gulf General Investment Co said its profit jumped 94% in the first half of this year. Net income for the six-month period ending June 30 advanced to 505 million dirhams ($137.5m), from 260 million dirhams from the year-earlier period, the company said. Revenue for the period rose 54% to 4.3 billion dirhams.
AME Info

European Bank Shares Gain on Subprime Hopes
FRANKFURT (dpa) -- Shares in Deutsche Bank AG and UBS AG jumped Wednesday after the two giant European banks ruled out moves for additional capital injections in the wake of the financial market crisis....
Hispanic Business

U.S. oil stocks drop by 2 million barrels
U.S. crude oil inventories declined by 2 million barrels during the week ending June 27, the U.S. Energy Information Administration said Wednesday.
Political Gateway

Oil prices gain slightly Wednesday morning
Crude oil prices gained slightly to more than $141 a barrel Wednesday in New York after the International Energy Agency said supply capacity was narrowing.
Political Gateway

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