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Posted by admin on August 19, 2008 under News | 
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Tropical Storm Fay makes trading volatile
Earlier, the benchmark index had fallen nearly 3% as oil prices in electronic trading jumped $1 a barrel. More recently, the price of crude was down more than a dollar to $112.62 on the New York Merca…
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Storms, stock markets lash ING Canada profit (Reuters)
Reuters – Home and auto insurer ING Canada Inc said profit fell 42 percent in the second quarter as weak equity markets hurt investment gains and severe weather knocked underwriting income.
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Wall Street traders in heavy stocks sell-off
U.S. stocks were under heavy pressure Monday, as all major indices moved decidedly into negative territory.
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Asia stocks at 2-year low as credit fears bite (Reuters)
Reuters – Asian stocks fell to a two-year low on Tuesday, led by exporter shares, on fears the U.S. government will have to bail out the top mortgage finance companies, further destabilizing the financial sector.
Posted by admin on August 18, 2008 under News | Be the First to Comment
Tokyo stocks close 1% higher
Tokyo stocks closed higher Monday. The 225-issue Nikkei Stock Average gained 146.04 points, or 1.12 percent, to 13,165.45 from Friday. The broader Topix index of all First Section issues on the Tokyo …
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SEC, states close to auction-rate pacts: sources (Reuters)
Reuters – U.S. and state regulators are close to reaching a settlement with multiple banks accused of selling auction-rate securities under false pretenses that would force them to repurchase billions of dollars of the now-illiquid securities at face value, people familiar with the matter said on Wednesday.
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Stock futures edge up as energy stocks gain
LONDON (MarketWatch) — U.S. stock market futures turned modestly higher Monday as rising commodity prices sparked gains for global energy and mining stocks and Lowe's beat earnings expectations.
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FTSE shares weaken, banks under pressure (AFP)
AFP – London shares dipped on Wednesday, amid renewed jitters about the health of the world’s top banks and slowing economic growth.
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Tokyo stocks open lower on worries about Japan
TOKYO, Aug. 18 (AP) – (Kyodo)—Tokyo stocks opened lower Monday on worries about the economic outlook in Japan. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average lost 69.70 po…
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China shares end down 5.34 pct (AFP)
AFP – Chinese share prices closed down 5.34 percent Monday amid renewed worries about an economic slowdown and a share supply glut as selling restrictions were due to be lifted on billions of shares, dealers said.
