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International Trade News by Armand Rousso R&D Labs
World business news - CNNMoney.com
World business news - CNNMoney.com
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
Not every player in banking is getting clobbered these days. BNP Paribas, which sparked part of the very first global credit-crunch panic when it froze three funds on Aug. 9, 2007, may emerge as the bank least affected by the industry's carnage.
The dollar traded mixed against foreign currencies Wednesday as investors weighed rising oil prices with the possibility that inflation is coming under control.
Oil prices pushed higher Tuesday as Hurricane Gustav threatened the oil infrastructure in the Gulf of Mexico, but gains were tempered by a stronger U.S. dollar.
Last week falling oil prices looked unstoppable. The last few days have seen a halt in that slide. Still with prices well below the record set in July and a shaky world economy threatening demand, the question remains: How low can oil prices go?
