Hurricane Gustav Pushes Oil Up in Early Trading
Hurricane Gustav could intensify and threaten oil wells in the Gulf of Mexico. While it is still too early to say with certainty which path Gustav will follow, potential supply interruptions are still putting pressure on prices.
Oil rallies to $117 on hurricane fears
The potential threat of Hurricane Gustav to offshore oil platforms near Louisiana and Texas has appreciated the price of oil by $2.
Euro Continues to Lose Ground
The euro fell to a six-month low against the dollar following a report indicating that business confidence in Germany declined further than expected for the month of August.
Thornburg survival in doubt after new margin calls
New Mexico based Thornburg Mortgage Inc specialized in Jumbo mortgages (over 420k) is having trouble with its restructuring to avoid collapse.
Medvedev recognises Georgia rebel regions
Russia has signed a Decree recognizing South Ossetia and Abkhazia which has infurated the West. Mr Medvedev said on Tuesday that “nothing frightens us, including the prospect of a cold war, but we do not want this, and in this situation all depends on the position of our partnersâ€Â.
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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