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| | | ... amid worldwide recession fears. The bourse was being dragged down by financial stocks and hampered by weaker crude oil prices and generally lower base metal prices. The Australian dollar - which was close to parity with the US dollar about three months ... |
| | | | ... cent, at $66.55. In the US overnight, stocks dived on growing global recession fears, grim company outlooks and falling oil prices. The Dow Jones Industrial Average fell 514.45 points, or 5.69, to 8,519.21. The broad Standard & Poor's 500 index hit a ... |
| | | | ... rising price of commodities - which helped underpin growth over the past few years - has reversed. Similarly, crude oil prices are currently trading in the mid US$60 per barrel mark, down from a high of more than US$145 a barrel only three months ago ... |
| | | | ... The Australian share market was nearly three per cent higher at noon, led by the resources sector, after copper and oil prices held firm late on Friday. Stocks may react to a report due from China today which will show how fast that economy grew in the ... |
| | | | Australian stocks were marginally higher at noon after falling oil prices and easing credit markets helped soothe investor jitters on Wall Street overnight. At 1200 AEDT, the benchmark S&P/ASX200 was up 19.2 points, or 0.48 per cent, at 4,032.6, after ... |
| | | | ... the price of oil soaring. This time prices declined even as these two factors came together at the same time. Crude oil prices fell to US$102.78 a barrel - the lowest level in five months - in overnight trade. The price of crude has steadily fallen since ... |
| | | | ... Lehman Brothers Holdings Inc touched off renewed jitters about the overall financial sector, while another drop in oil prices weighed on the energy sector. The latest unease punctured a sense of optimism about the financial sector which followed the ... |
| | | | ... Japanese share prices closed up 0.64 per cent on Wednesday, bouncing off a five-month low as investors cheered a drop in oil prices and a weaker yen, which is good for exporters. The market made up some lost ground after a fall the previous day triggered ... |
| | | | ... anyway. These arguments also highlight why Regardless of which way the government turns, "there is too much focus on oil prices. The real problem is we need more and more energy for the way we live and we have to invest in projects to enable this energy ... |
| | | | ... Street succumbed to its ongoing angst Tuesday, giving up a sharp advance and turning moderately lower after falling oil prices failed to calm nervousness about the economy and the financial sector. The Dow Jones industrial average initially surged by ... |
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