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Commodity Markets

Developing nations face financial crises

Accra, Oct. 10, GNA - Developing nations face a sudden convergence of food, fuel and financial crises as development and finance ministers gather for the World Bank and International Monetary Fund annual meetings on Monday....

News Minute: Wild day caps worst week...Oil prices dip...Obama maintains lead

Associated Press - October 10, 2008 5:53 PM ET NEW YORK (AP) - Stocks have finished the week with a wild day of trading that saw the Dow drop below 8,000 at one point. It finished the day down 128 points to close at 8,451. For...

News Minute: Latest Paulson plan...G7 endorses plan, makes pledge...Oil prices drop even more

Associated Press - October 10, 2008 8:03 PM ET WASHINGTON (AP) - Treasury Secretary Henry Paulson says the administration is moving ahead with a plan to buy stock in financial institutions. Paulson says the program will be open...

Markets Plunge in Latin America

By ANTONIO REGALADO and JOHN LYONS Latin American stock markets declined again Friday in volatile trading, accumulating losses for the year that are the worst in the region's history. For the fourth time in under two weeks,...

Here Comes the Sun

Forbes Magazine dated October 27, 2008 The price of oil has retreated from its dizzying June peak, and energy stocks have taken a pounding. On Sept. 23 Spain's energy secretary, Pedro Marín, proposed raising the cap on how many...

ETFs Continue Their Historic Slide Down (Daily ETF Wrap-Up)

ETFs Continue Their Historic Slide Down By Rob Wherry |Rob Wherry Archive |Published: October 10, 2008 Active Discussions on SmartMoney Market Wrap-Up This week the stock market experienced a historic 1,871-point-plus pullback...

Unravelling the myths of the GCC dollar peg

Despite the global financial chaos, the US dollar has come through the turmoil surprisingly well. A resilient dollar may be what GCC central banks are praying for after being pressured by analysts and market participants for...

Restaurants Face Lean Times in the Economic Downturn (Time.com)

By JEREMY CAPLAN Fri Oct 10, 5:00 PM ET As the credit crisis and the economic downturn begin to bite on Main Street America, restaurant row is in for a shake-up. "The credit crisis is having a devastating effect on nearly every...

Atlas Holdings to buy Trus Joist

Pacific Northwest Weyerhaeuser, North America's largest lumber producer, plans to sell its Trus Joist commercial division to closely held... Atlas Holdings to buy Trus Joist Weyerhaeuser, North America's largest lumber...

World panic on Freefall Friday ends WORST week ever

A catastrophic £250billion has been wiped off the stock market in the worst week ever for the FTSE 100. The carnage meant the bluechip index lost a staggering quarter of a trillion pounds, 21 per cent of its value, in five days.