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| | | ... economy may have some life yet. The number of US jobless claims fell to the lowest level in three years, data released overnight showed, in the latest indication that the world's largest economy is recovering despite the turmoil in Europe. Also helping ... |
| | | | ... losses as a slew of downgrades to European banks and fears that France may soon follow sent offshore bourses tumbling overnight. Ratings agency Fitch has downgraded major banks Credit Agricole and Rabobank on the back of escalating problems in Europe. ... |
| | | | ... The latest one being that Standard & Poor's is about to slash France's AAA credit rating. Although it did not happen overnight, statements by French authorities and the ECB before "the fact" suggests it could (will?) happen. For French President Sarkozy ... |
| | | | ... "higher oil prices lifted energy shares" but it's scratching it's head why the price of a barrel of oil by US$4 per barrel overnight. "...traders struggled to explain, citing renewed jitters over Iran, expectations of further monetary easing and possibly ... |
| | | | Australian shares are lower as warnings from two ratings agencies overnight wiped out optimism that Europe's debt crisis may be nearing a resolution. Monday's gains were wiped out after Moody's Investors Service said it would review the credit ratings ... |
| | | | ... rise. Energy stocks led the market higher, adding 2.3 per cent as oil prices pushed closer to the $100 a barrel market overnight and investors' appetite for riskier bets increased. News that Whitehaven Coal and Billionaire Nathan Tinkler's Aston Resources ... |
| | | | ... their budgets. Nine other EU nations are considering it. Britain is the lone holdout. The agreement came after marathon overnight talks among European leaders at a two-day summit in Brussels. A deal on tighter fiscal control is considered a crucial step ... |
| | | | ... resources stocks, which shed 2.3 per cent in early trade after metal prices tumbled between 0.5 per cent and 2.2 per cent overnight. Shares in Rio Tinto fell $2.08, or 3.2 per cent, to $64.01 and BHP Billiton shed 95 cents, or 2.6 per cent, to $36.03 ... |
| | | | ... Billiton was down 22 cents, or 0.6 per cent, to $37.04. Gold miners also suffered from a drop in the precious metal overnight as investors booked profits after strong gains last week, noted Commsec's Ms Roadley. The spot price of gold in Sydney at 1211 ... |
| | | | ... bailout fund to 1 trillion euros ($A1.33 trillion), while Standard & Poor's cut its ratings on 15 major global banks overnight. HONG KONG - Asian markets mostly slipped on Wednesday following two days of gains as eurozone finance chiefs struggled to ... |
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