Italy's borrowing costs fell after six-year bills sale

Source: Markewatch
Italy sold about 8.75 billion Euros of six-month treasury bills with yield 1.202%, reported Italy's Treasury on Monday. The borrowing costs fell by 1.97% since last month. The demand was strong, with bids exceeding supply 1.36 times. Meanwhile, 10-year bond yield added 5 basis points approaching 5.44%, reported FactSet Research.


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Mon, 27 Feb 2012 13:48:26 GMT

Statoil reports oil discovery in offshore Brazil

Statoil confirmed that it in conjunction with Repsol Sinopec and Petrobras made an oil discovery in the offshore Brazil. The initial estimate indicated the potential of 5,000 barrels of light, sweet crude oil per day and 26.5 million cubic feet of natural gas. It is the third oil discovery in the area and confirms high potential of the territory, Statoil

Mon, 27 Feb 2012 15:24:29 GMT

Dow Jones Industrial Average loses ground on Monday

Dow Jones Industrial Average index closed almost unchanged on Friday with sector returns making relatively tiny movements. Blue chip index slipped 0.01% or 1.74 points to 12,982.95. The main gainer was American Express which added 1.3% though the company reported FDIC is going to take measures to fight late fees on some charge cards. Hewlett Packard prolonged its downward momentum

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