| XL Capital Reports $1 Billion Fourth-Quarter Loss NEW YORK (Reuters) - XL Capital Ltd , a largeBermuda-based reinsurer, on Tuesday reported a $1.06 billionfourth-quarter loss, largely stemming from write-downs for itsrelationship with bond insurer Security Capital Assurance Ltd. feeds.reuters.com |
WB pledges $1 bln loan for Colombia education The World Bank said on Tuesday it has approved 1 billion U.S. dollars for Colombia's education. Axel van Trontsenburg, the World Bank's director for Colombia and Mexico, said that, from the loan, 300 million dollars will go to Colom ... english.people.com.cn |
Gas, Diesel Rocket to New Records NEW YORK (AP) -- The rally in energy prices gained momentum Friday, with retail gas prices rising further into record territory and diesel and heating oil futures setting records of their own amid concerns about strong global demand and tight supplies.... hosted.ap.org |
Bernanke Warns of Possible Recession WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Wednesday a recession is possible and policymakers are "fighting against the wind" in trying to steady a shaky economy. He would not say if further interest rate cuts are planned.... hosted.ap.org |
Crude touches $117 for first time Crude oil futures rose nearly 2 U.S. dollars a barrel on Friday to close at a new record high of 116.69 dollars a barrel on news about pipeline sabotage in Nigeria. The front-month contract hit 117 dollars a barrel in electronic tra ... english.people.com.cn |