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US stocks mark time amid easing oil, firming dollar
Posted: 31 May 2008 0544 hrs
NEW YORK - US stocks marked time Friday after three days of gains amid easing oil prices, a firming dollar and consumer spending and income figures in line with expectations.
The Dow Jones Industrial Average fell 7.90 points (0.06 percent) to close [...]

Posted on May 31st, 2008 under World News | . Tags: inflation, oil crisis, world economy, world news. Comments: None

Oil prices slide after US energy report
Posted: 30 May 2008 0414 hrs
NEW YORK: Oil prices fell sharply in volatile trade on Thursday as traders reacted to a weekly US energy report that revealed a slump in crude oil inventories.
Prices had initially jumped higher in the wake of the report’s release, but values subsequently tumbled [...]

Posted on May 30th, 2008 under World News | . Tags: oil crisis, world news. Comments: None

US dollar gains on US growth data, easing oil prices
Posted: 30 May 2008 0612 hrs

NEW YORK: The US dollar strengthened on Thursday after US growth figures were revised higher, suggesting underlying strength in the economy despite the ravages of the sub-prime mortgage crisis.
Dealers said the dollar got a boost after first-quarter US growth was [...]

Posted on May 30th, 2008 under World News | . Tags: world economy, world news. Comments: None

US consumer confidence falls to 28-year low in May
Posted: 30 May 2008 2237 hrs
NEW YORK : A survey on Friday showed that US consumer confidence fell for the fourth straight month to a 28-year low in May, amid expectations of surging inflation.
The Reuters/University of Michigan Surveys of Consumers said the index of confidence fell [...]

Posted on May 30th, 2008 under World News | . Tags: world news. Comments: None

US income, spending up 0.2% in April
Posted: 30 May 2008 2239 hrs
WASHINGTON : US consumer spending and incomes both rose 0.2 percent in April, data showed Friday, suggesting sluggish growth in the world’s biggest economy is continuing.
The report, in line with analyst forecasts, indicated a slowdown from March when spending rose 0.4 percent and [...]

Posted on May 30th, 2008 under World Business News, World News | . Tags: world economy, world news. Comments: None

Indian economy surprises with 9.0% growth but slowdown looms
Posted: 30 May 2008 2252 hrs
NEW DELHI : India’s economy grew nine percent in the last fiscal year, second only to China among big economies, but the better than expected figure was overshadowed by a surge in inflation, data showed Friday.
Growth to March 2008 was down [...]

Posted on May 30th, 2008 under World News | . Tags: world economy, world news. Comments: None

Industry watchers say tech sector to face grim third quarter
By Rachel Kelly, Channel NewsAsia | Posted: 30 May 2008 2247 hrs

SINGAPORE: Exports to the US have taken a hit amid the ongoing sub-prime mortgage crisis in the US. And the tech sector, in particular, has been seeing sluggish sales.
But analysts said that the good [...]

Posted on May 30th, 2008 under World Business News, World News | . Tags: world economy, world news. Comments: None

World oil prices rebound
Posted: 29 May 2008 0440 hrs
NEW YORK: World oil prices rebounded to around 131 dollars per barrel on Wednesday, reversing earlier losses in volatile trade amid lingering worries about stretched energy supplies, analysts said.
Prices gained as British Prime Minister Gordon Brown warned the world was facing a “great oil shock” that [...]

Posted on May 29th, 2008 under World News | . Tags: oil crisis, world news. Comments: None

US economic growth revised higher to 0.9% pace
Posted: 29 May 2008 2258 hrs
WASHINGTON: US economic momentum posted a 0.9 percent annual growth pace in the first quarter of the year, the government said on Thursday in a report which calmed the nerves of some economists.
In its initial revision of first quarter gross domestic product [...]

Posted on May 29th, 2008 under World News | . Tags: world economy, world news. Comments: None