Reuters – The global economy can withstand an oil price of $ 100 a barrel, Kuwait’s oil minister said on Saturday, as other exporters indicated OPEC may decide against increasing output through 2011 as the market was well supplied.
“Why do you do it?” I asked. He puffed on a candy cane he had where his pipe used to be. “I guess so every child will know they’re so special and loved that a total stranger knows it,” he said. “They don’t have to pass a test. They don’t have to win a contest. They get a gift just for the way they make us feel when we look down at them when they’re sleeping. Or even squalling.”
Reuters – The Justice Department has opened a criminal investigation into small Swiss regional banks which may have helped Americans evade taxes, the New York Times reported, citing two people briefed on the matter.
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A late festive rally sees the FTSE 100 index close above 6,000 points for the first time since June 2008.
BBC News – Business