International 
ECB Worried about Liquidity Crisis(0)
London, UK (FT.com): The European Central Bank on Thursday voiced its “high concern” at growing evidence that banks are exploiting its efforts to unblock the frozen funding markets by using its liquidity scheme to offload more risky assets than it envisaged.
Yves Mersch, a governing council member, said the ECB was now “looking very hard at [...]
Oil Prices Surge as Bush meets with Saudi King
London, UK (FT.com): Crude oil prices on Friday hit a fresh record high of almost $128 a barrel boosted by a bullish forecast from Goldman Sachs and as US President George W. Bush asked Saudi Arabia, the world’s largest oil producer, for help to lower skyrocketing energy prices.
Bush, on his second visit to Saudi Arabia [...]
Saudi Arabia experiences new Golden Era of Wealth with Oil over $100 per barrel
New York, NY (Bloomberg.com): Credit Suisse Group recommended buying shares of Al Rajhi Bank, Saudi Arabia’s biggest bank by market value, as well as Saudi Arabian Fertilizer Co. and said the country is in a “golden era.”
The brokerage also initiated coverage on Riyad Bank and Almarai Co. with “outperform” ratings. Saudi Basic Industries Corp., the [...]
Oil prices slip as Dollar Rises
VIENNA, Austria (AP) — Oil prices slipped Wednesday, adding to their steep slide of more than $3 a barrel in the previous session on a strengthening U.S. dollar and data showing a dramatic drop in American fuel demand.
Easing concerns about supplies also put a lower ceiling on prices.
Trading was cautious in Asia as market participants [...]
