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Euro interest rate likely to rise
The European Central Bank is expected to raise interest rates to control inflation, which is near a 15-year high.
BBC

Oil climbs to new record above $144
Oil prices rose to a new record Wednesday as traders mostly looked past a mixed inventory report to focus on continued geopolitical instability, currency issues and a looming jobs report.
CNN Money

EUR/USD: How To Trade The ECB Rate Decision On Thursday
On Thursday at 7:45 EDT, the European Central Bank is widely expected to raise interest rates by 25 basis points to a nearly 7-year high of 4.25 percent....
dailyfx.com

Factory orders see 0.6 percent gain in May
Orders to U.S. factories turned in the slowest performance in three months in May as a surge in demand for commercial aircraft was not enough to offset weakness in autos, heavy machinery and steel. Factory orders rose by 0.6 percent in May, less than half the...
San Francisco Chronicle

U.S. jobs picture grim, housing struggles (Reuters)
U.S. private employers slashed 79,000 jobs in June while planned layoffs at U.S. firms rose nearly 50 percent above year-ago levels, according to data that may spell bad news for a government payrolls report this week.
yahoo.com

Wisconsin foreclosures up 36 percent in first half
Home foreclosures in Wisconsin rose 23 percent in June, adding to a 36 percent increase in the number of filings in the state for the first half of 2008.
BizJournals

Macquarie trust out of doldrums
UNITS in shopping centre trust Macquarie CountryWide rose 3.5c yesterday, lifting the stock from its all-time low of 84.6c on Monday, after an agreement with its lenders on debt restructuring.
The Australian

Opec head sees new oil price rise
The president of oil producers' cartel Opec tells the BBC crude oil prices could rise still further this week.
BBC News

Wall Street slides into bear territory
WALL Street has been dragged into a bear market after General Motors tumbled and oil prices rose to new highs.
The Australian

Bye-bye gas subsidies
For months we've been hearing how gasoline subsidies or price controls in places like China and India are artificially fueling demand there. Being that oil is a global market, rising demand overseas is one reason prices have risen here in the U.S.
CNN

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