GLOBAL MARKETS-Stocks skid on record high oil, dollar rises - Guardian Unlimited
Posted by: admin in Latest NewsGLOBAL MARKETS-Stocks skid on record high oil, dollar rises - Guardian Unlimited
SINGAPORE, May 8 (Reuters) - Oil’s relentless push to yet another record high pressured Asian shares across the board on Thursday, raising fears that inflation — and central bank measures to cool it — would hurt consumer spending and profits. The
Stocks dive on oil’s rise, AIG’s cash woes - Chicago Sun-Times
NEW YORK — Wall Street fell sharply early Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. AIG’s loss for the first quarter rekindled investors
UPDATE 1-Toronto stocks slip as resources retreat - Reuters
TORONTO, Might 9 (Reuters) - The Toronto Stock Exchange’s main index fell on Friday, as resource shares were hit by profit-taking after a strong run amid soaring oil prices. The materials group led the way down, giving up 2.3 percent, while its
Banks and insurers lead fall in European stocks - Reuters UK
PARIS (Reuters) - European stocks dropped in early trade on Friday, falling for a second day in a row, led by financials after U.S. insurer AIG (AIG.N: Quote , Profile , Research ) posted a $7.8 billion quarterly loss, hit by bad credit-related
China stocks fall on inflation news - Boston Globe
SHANGHAI, China— Chinese stocks fell Friday as newly released inflation data revived worries of further credit tightening. But late in the day, bargain hunting in pharmaceutical and food shares helped trim losses. The benchmark Shanghai Composite
Stocks dip on AIG and oil - CNN Money
NEW YORK (CNNMoney.com) — Record oil and gas prices and a big quarterly loss for Dow component AIG were among the factors pressuring stocks Friday morning. The Dow Jones industrial average ( INDU ) lost 0.6% over an hour into the session. The
Italian Stocks: Telecom Italia, Saras, UniCredit, UniCredit - Bloomberg
Might 9 (Bloomberg) — Italy’s S&P/MIB Index fell for a second day, declining 511, or 1.5 percent, to 33,571 in Milan. Futures expiring in June fell 481, or 1.5 percent, to 32,715. The following were among the most active stocks in the Italian market
Opening Glance: Most Internet software, services stocks dip - Boston Globe
NEW YORK— Internet software and services stocks mostly declined Friday morning with the overall market after insurer American International Group Inc. reported wider-than-anticipated losses and oil prices continued to rise. How key Internet
Metals - Copper plunges as stocks rise - Forbes
LONDON (Thomson Financial) - Copper fell on rising stocks, falling demand from Asia and as equity market weakness re-ignited fears of lower demand ahead. The London Metal exchange reported, in a daily note, that copper stocks across the world rose
Stocks decline as oil prices creep higher - Forbes
Stocks sank Wednesday as oil breached $123 per barrel for the first time, fanning investors’ concerns about the effects of rising prices on already strapped consumers. Even after the Energy Department stated both crude and gasoline inventories in the
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