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Miesiąc: sierpień 2009

Oil slides below $70

Oil slides below $70

Fears over the strength of China’s markets dealt a blow to oil prices Monday, bruising optimism about economic recovery and sending crude almost 4% lower to below $70 a barrel.

Nortel hit with $3 billion tax bill

Nortel hit with $3 billion tax bill

Bankrupt Canadian telecom equipment maker Nortel Networks Corp. owes the United States Internal Revenue Service a staggering $3 billion in taxes and interest, according to a claim filed in the company’s bankruptcy case.

Dollar knocked down … for now

Dollar knocked down … for now

The dollar continued to lose ground Friday at the end of a week in which it became cheaper for banks to borrow in yen than dollars for the first time in 16 years.