Facts - Monday, 13 July 2009
Oil Demand Difficult to Foresee, Crisis in California
Energy Stocks: Gusher or Dry Hole? (Businessweek), Government loses £10.9bn in RBS and Lloyds (The Times), Meltdown on the ocean (Economist), German Economics Ministry Says Recession Is Over (Der Spiegel)
Energy Stocks: Gusher or Dry Hole? (Businessweek - U.S.)
The demand picture for oil and gas remains cloudy as experts debate the speed of economic recovery. Still, pros see some attractive names for the months ahead (...)
Government loses £10.9bn in RBS and Lloyds (The Times - U.K.)
UK Financial Instruments (UKFI), the body that manages the Government's shares in some of Britain's biggest banks, today admitted that it is sitting on paper losses of £10.9 billion.
The body, which is in charge of the Government's 70 per cent stake in Royal Bank of Scotland and its 43 per cent holding in Lloyds Banking Group, also refused to give an indication of when it expected to dispose of the shares in the lenders. (...)
Meltdown on the ocean (Economist - U.K.)
As the state's finances disintegrate, for many so does the California Dream.(...)
German Economics Ministry Says Recession Is Over (Der Spiegel - Germany
Germany has been suffering its worst recession since World War II. But the dark clouds could soon be lifting as the country looks like avoiding another quarter of negative growth.(...)
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