Crude Oil Tumbles as Wall Street Turmoil Adds to Demand Concern
By Mark Shenk
Sept. 16 (Bloomberg) -- Crude oil tumbled, taking its two- day decline to more than $10 a barrel, on concern that turmoil on Wall Street may weaken the global economy and cut fuel demand.
Europe Trade Deficit Widens to Record on Energy Costs (Update1)
By Fergal O'Brien
Sept. 17 (Bloomberg) -- Europe's trade gap widened to a record in July as a cooling global economy damped exports and crude oil's advance to a record boosted the energy deficit.
Lower oil price, weaker euro boost German indicator
16 September 2008, 14:17 CET
(FRANKFURT) - Germany's closely watched ZEW economic indicator strengthened in its latest reading released Tuesday, boosted by lower oil prices and a weaker euro and beating expectations.
Treasury to Sell Bills to Bolster Fed Balance Sheet (Update2)
By Rebecca Christie and John Brinsley
Sept. 17 (Bloomberg) -- The Treasury will sell more debt to enable the Federal Reserve to expand its balance sheet, a sign of the strains created by the biggest extension of central-bank credit to financial companies since the Great Depression.
The program starts today with a $40 billion auction of 35- day bills, a day after the government agreed to take over American International Group Inc., the Treasury said in a statement in Washington
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
( Toyota Unhappy About Proposed $7,500 Tax Credit for Chevy Volt
Brandon Hill (Blog) - September 17, 2008 12:00 AM )
House Adopts Plan to Ease Offshore Drilling Ban
By CARL HULSE
Published: September 16, 2008
WASHINGTON — The House on Tuesday night approved a measure that would ease a longstanding ban on offshore oil drilling and try to spur greater use of alternative fuels as Democrats and Republicans engaged in a bitter pre-election clash over America’s energy future.
TFN NEWS BRIEFING: Oil and utilities highlights to 15:45 BST
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