Archive for November 3rd, 2008

Brent oil falls below 60 dollars in Asian trade (AFP)

Oil rigs extract petroleum in Culver City, Los Angeles. Brent crude oil dropped below 60 dollars a barrel Tuesday amid concerns over weakening energy demand after data showed US and European economies facing a worsening economic outlook, dealers said.(AFP/Getty Images/File/David McNew)AFP - Brent crude oil dropped below 60 dollars a barrel Tuesday amid concerns over weakening energy demand after data showed US and European economies facing a worsening economic outlook, dealers said.

AFP

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Oil prices skid on dire outlook for energy demand (AFP)

Oil rigs extract petroleum in Culver City, Los Angeles, April 2008. Oil prices nose-dived Monday as traders digested fresh signs of slowing economies in the European Union and the United States that bode ill for energy demand.(AFP/Getty Images/File/David McNew)AFP - Oil prices nose-dived Monday as traders digested fresh signs of slowing economies in the European Union and the United States that bode ill for energy demand.

AFP

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Global financial crisis drives EU toward recession (AFP)

A businessman runs in the financial district in New York City in October 2008. The global financial crisis is pushing the whole European Union into recession, official forecasts showed Monday, as South Korea unveiled its own 8.5 billion dollar stimulus package against the turmoil.(AFP/Getty Images/File/Spencer Platt)AFP - New data Monday showed the global financial crisis is pushing the whole European Union into recession, as South Korea unveiled a stimulus package and automakers reported a terrifying plunge in US vehicle sales.

AFP

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FTSE 100 up 65.94 points at 4,443.28 (AP)

AP - Share prices on the London Stock Exchange closed up Monday.

AP

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FTSE up 1.5 percent (AFP)

US dollar and pound notes are pictured in London on October 24, 2008. The pound slipped significantly against the dollar and the euro in Monday's trade.(AFP/File/Shaun Curry)AFP - The FTSE 100 Index gained 1.5 percent to 4443.28 on Monday while Lloyds TSB and HBOS both reported write-downs related to the market turmoil and the demise of US and Icelandic banks.

AFP

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  • FTSE falls 0.98% when market opens (AFP)