Banking, Business, Insurance.

Wall Street fell sharply, with the Nasdaq end in negative territory for the year and the Dow industrials closed below 12,000 for the first time since mid-March. The Dow and S & P 500 also closed its sixth week of losses.

Top oil exporter Saudi Arabia has more oil to Asian refiners in July, said industry sources with direct knowledge of of the negotiations. It was the first proof, the kingdom is taking steps to increase supplies unilaterally after OPEC failed earlier this week on increase production of the cartel agreed objectives.

Fears that the global economic recovery is stumble grew after data showed China’s export growth slowed in May. That was followed by a flurry of reports in the last few weeks shows the U.S.Output in his Christina Lake oil sands operations in Alberta is expected to to almost double this year a GB phase of the project will begin to the production the company has. Cenovus said in April has continued looking for a partner to develop that Appearance of their Tel the lake oil sands venture.

The Independent Commission on Banking by the interim the April 11th has release, Commission’s interim impose an embargo copy said Friday Friday, said sources close to of committing Reuters.[ID: nLDE7371ZY].

The ICB statements might also effects on the Bank of Spain Santander and Standard Chartered (STAN. In London spite making most of their money overseas is domiciled.