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Oil prices drop below US$77 on economic doubt

Business | Energy
2009-11-21

OIL prices fell below US$77 a barrel yesterday on a stronger dollar and amid concern about the strength of the global economic recovery. Benchmark crude gave up 74 cents to settle at US$76.72 a barrel on the last...

Stocks fall for 3rd day as dollar strengthens

Business | Securities
2009-11-21

THE stock market ended a down week yesterday with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt. After two strong weeks, investors tried unsuccessfully...

Crude prices follow world markets down

Business | Energy
2009-11-20

A GLOBAL sell-off on equity markets dragged down crude prices by nearly 3 percent yesterday, the first decline this week. The price for a barrel of crude dropped by more than US$1 immediately when U.S. markets...

Eurozone consumer prices fall by 0.1%

Business | Macro-economy and policy
2009-11-17

CONSUMER prices in the 16 countries that use the euro fell by 0.1 percent in the year to October, official figures confirmed yesterday. Eurostat, the Europe Union's statistics office, kept the rate unchanged from...

Oil dips to lowest level since October

Business | Energy
2009-11-14

OIL slid yesterday to its lowest price in a month as investors started to pay more attention to a yearlong slump in American energy demand. For most of the year, oil prices surged as investors pumped money into...

Earnings reports push stocks higher; Dow gains 73

Business | Securities
2009-11-14

ENCOURAGING earnings news from major retailers and The Walt Disney Co. drew investors back into the stock market one day after a big drop. The Dow Jones industrial average gained 73 yesterday after dropping 94...

Cab prices remain stable despite gas rises

Metro | Traffic
2009-11-12

SHANGHAI'S taxi authority said it will not increase cab fares to reflect increasing gas prices after Beijing's cabs announced a price rise today. Several taxi companies said they have not received any notice...

Deflation appears to be making exit

Business | Macro-economy and policy
2009-11-12

CHINA may end its recent spate of deflation within this year because of rising commodity prices, but that doesn't mean the country should change its monetary policy anytime soon, analysts said yesterday. The Consumer...

Shanghai shares drop as loan growth eases in October

Business | Securities
2009-11-11

SHANGHAI'S stock market closed lower in the morning session with weak performance of banks as new loans dropped in October. The benchmark Shanghai Composite Index was down 0.64 percent, or 20.42 points, to close...

Oil settles lower after US unemployment report

Business | Energy
2009-11-7

OIL prices tumbled yesterday after the government said the US unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up US$2.19 to settle at US$77.43 a barrel...