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Odessa American in Odessa, Texas

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Mar 31, 2005

Page

5

Oil prices slip as inventories rise and demand eyed

Prices dipped briefly below 53 dollars a barrel after the U S government reported a 5.4 million barrel rise in crude stockpiles to 314.7 million, with gasoline and distillate supplies shifting. Brent and Nymex futures eased while refinery runs hovered around 91 percent and imports averaged 10.2 million barrels daily.

U.S OPEC New York Mercantile Exchange International Petroleum Exchange London U.S. Energy Department Carl Larry Barclays Capital New York Larry

Economy ends 2004 with momentum boosting job outlook

The 2004 GDP grew 3.8 percent in Q4, matching prior estimates and signaling a solid finish to the year. Wall Street rallied as investors welcomed steadier growth, while economists forecast stronger job gains in early 2005. Bush policy aims and Fed rate moves frame inflation risks, with 1.7 percent Q4 inflation.

Washington Wall Street Commerce Department United States Anthony Chan JP Morgan Asset Management Dow Ken Mayland ClearView Economics Bush Federal Reserve Fed

Regulators Seek Guidance Over Money Services Banking Access

Federal regulators voiced concern that check cashers money transmitters and other money services firms are losing banking access due to scrutiny and fear of regulation. A joint statement by Fed FDIC FinCEN OCC OTS and NCUA said guidance will be issued soon to address the issue with a date possibly by late April.

Washington Federal The Federal Reserve Federal Deposit Insurance Corp Financial Crimes Enforcement Network Office of the Comptroller of the Currency Office of Thrift Supervision National Credit Union Administration John Byrne American Bankers Association Center For Regulatory Compliance

Bush seeks two year extension of fast track trade authority

President Bush asks Congress to extend the fast track authority for two more years through July 1 2007 to wrap up several U S trade deals and a 148 nation pact. The extension would auto renew unless Congress rejects it amid debates over deficits and free trade policy.

Bush Congress Washington U.S Capitol Hill House Senate World Trade Organization

U.S. cites nations for unfair trade barriers report

The Bush administration named 61 countries and groups in a 672 page study led by China Japan and the European Union alleging substantial trade barriers harming U.S. manufacturers and farmers. It urges negotiations and possible World Trade Organization action to correct practices including China’s IP theft and currency linkage.

Washington China Japan European Union Bush U.S World Trade Organization United States WTO Peter Allgeier Congress

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