LONDON (AFP) - Oil prices rocketed to record highs above 147 dollars on Friday as traders seized on the weak US currency and tensions over Iran and Nigeria at the end of a very volatile trading week.
Read Oil prices top $147 on Iran, dollar concerns (Links)
NEW YORK (AFP) - Shares of US mortgage finance giants Fannie Mae and Freddie Mac were in a freefall Friday on heightened concerns the trillion-dollar firms may face insolvency or a government takeover.
Read Key US mortgage lenders in shares meltdown (Links)
BEIRUT (AFP) - Lebanon on Friday formed a 30-member national unity government, seven weeks after an accord which saved the country from the brink of renewed civil war, cabinet secretary general Suhayl Buji announced.
Read Lebanon announces new government of national unity (Links)
TEHRAN (AFP) - Iran said on Friday that its top nuclear negotiator and EU foreign policy chief Javier Solana will hold their next talks on ending the nuclear standoff on July 19, despite Western concern over the test-firing of several missiles by Tehran.
Read Iran says Solana nuclear talks July 19 in Geneva (Links)
JERUSALEM (AFP) - Israeli police have new suspicions over the finances of Prime Minister Ehud Olmert, they said on Friday after questioning him for a third time over graft allegations that have prompted calls for his resignation.
Read New suspicions arise over Israeli PM: police (Links)
NEW YORK (AFP) - General Electric reported Friday a drop in its second-quarter profit of six percent to 5.1 billion dollars as the massive US conglomerate largely weathered an economic storm.
Read GE profit down 6%, weathers economic storm (Links)
JERUSALEM (AFP) - Israeli police said on Friday that "new suspicions" had arisen over the financial dealings of Prime Minister Ehud Olmert after he was questioned again over graft allegations that have prompted calls for him to resign.
Read New suspicions arise over Israeli PM: police (Links)
JERUSALEM (AFP) - Israeli police said on Friday that "new suspicions" had arisen over the financial dealings of Prime Minister Ehud Olmert after he was questioned again over graft allegations that have prompted calls for him to resign.
Read New suspicions arise over Israeli PM: police (Links)
TEHRAN (AFP) - Iran said on Friday that its top nuclear negotiator and EU foreign policy chief Javier Solana will hold their next talks on ending the nuclear standoff on July 19, despite Western anger over the test-firing of several missiles by Tehran.
Read Iran says Solana nuclear talks July 19 in Geneva (Links)
TOKYO (AFP) - Japan's Shinsei Bank said Friday it had agreed to buy US giant General Electric's Japanese consumer finance arm for 580 billion yen (5.4 billion dollars) in a major push into the troubled sector.
Read Shinsei to buy GE's Japanese finance unit (Links)
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