Natural gas declined to three-week low during the last week

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Source: Forexpros

Natural gas futures fell to the lowest level in three weeks on Friday on the mild weather forecasts and high inventory level in the US. The weather group reported the projected temperatures are five degrees higher than normal level in the US. On the New York Mercantile Exchange natural gas futures for January delivery dropped to USD3.337 per million British thermal units on Friday, losing 6.44% during the week.

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Mon, 12 Dec 2011 09:36:48 GMT

ABB takes over Newave Energy

ABB Ltd announced it will take over Newave energy Holding SA for $183 million in cash as a part of its business expansion strategy. ABB Ltd offered 36% premium to the volume-weighted average stock prices for the last 60 trading days. The board of the Newave Energy supported the acquisition. ABB share closed 16.5% lower on Friday.

Mon, 12 Dec 2011 08:45:55 GMT

World-wide debt sales reach 6-year low on debt crisis

The Eurozone's debt turmoil has affected negatively the global financial markets, increasing borrowing costs and pushing down debt issuance. Gross debt release in overseas markets declined to $1.66 trillion during July-September period, the record low since 2005. The drop in debt issuance was mainly caused by buyers' demand for higher compensation for risk. 

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