American banks may show less profit amid declining mortgages

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Source: Bloomberg
American biggest banks, such as JPMorgan Chase and Well Fargo may release smaller profit amounts, as new mortgages fall amid higher market interest rates. Moreover, Bank of America plans to cut more than 2000 jobs, closing 16 branches across the U.S. After Fed's announcement of the possible tapering 30-year home mortgage yields surged to 4.57% from 3.35% in May. 
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Tue, 10 Sep 2013 12:40:04 GMT

Peugeot expects the recovery of car market to begin in 2014

The second largest car maker in Europe, Peugeot-Citroen, is expecting the regional market conditions to improve in the next year. Automakers' officials say that the worst is already behind and it will be only a modest recovery. Paris-based corporation itself is going to cut 11 thousand jobs in France, closing a factory near Paris. Company's shares rose to a 17-month

Tue, 10 Sep 2013 08:33:03 GMT

Crude falls on Russia's bid to urge Syria to surrender chemical weapons

WTI declined for a second straight day as the U.S. claimed that Russia's bid to force Syria to surrender the chemical weapons might averts military actions, alleviating concerns that the conflict will undermine Middle East oil exports. WTI for October settlement fell $1.32 to $108.20 a barrel, while Brent for October delivery dropped 1% to $112.61 a barrel.

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