Articles Tagged "banks"

Oil Price Peaks And Slides

Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.

KNM’s Lee to consider leading a management buyout

KNM Group Bhd. reported to consider leading a management buyout of the Malaysian oil and gas services provider as long as banks can raise the funds. Managing Director, Lee See Eng expects oil and gas producers to proceed with more exploration projects if oil surges beyond $50 a barrel, or stabilizes at a level between [...]