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Oil falls below $92 as financial turmoil spreads

Oil prices fell below $92 a barrel on Monday in Asia on fears a U.S.-led financial crisis is spreading across the globe, exacerbating an economic slowdown that will cut crude demand. Light, sweet crude for November delivery was...

Stocks in Europe follow Asian plunge; U.S. futures are lower

LONDON — Markets plunged across Europe early Monday, following a sharp drop in Asia, despite the USA's $700 billion rescue package and a rush by European governments to assure savers their deposits are safe. Investors also...

Oil falls over 3 percent to $91, crisis may dampen demand

SINGAPORE (Reuters) - Oil prices tumbled more than 3 percent amid a commodities-wide rout on Monday, falling for a fourth day as traders feared efforts to contain a growing credit crisis would fail to stave off a sharper...

Oil falls below $90 as financial turmoil spreads

SINGAPORE (AP) - Oil prices have fallen below $90 a barrel on worries that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil. Light, sweet crude for November delivery was...

Stocks Tumble As Financial Fears Spread

Asian Markets Fall; Europe Opens Lower POSTED: 3:33 am PDT October 6, 2008 UPDATED: 6:55 am PDT October 6, 2008 Stock prices were sharply down in early trading Monday, following the lead of other markets around the globe....

Money market squeeze eases but fears persist

SINGAPORE (Reuters) - A squeeze on dollar funding has eased in Asia after massive cash injections by central banks, but reluctance to lend to South Korean banks underscored jitters about the global economic outlook despite the...

New York oil price falls below & #36;90

New York oil price falls below $90 SINGAPORE (AFP) - The benchmark New York oil futures contract briefly fell below 90 dollars a barrel on Monday in Asian trade. New York's main contract, light sweet crude for November...

Asian markets fall despite U.S. bailout

Asia-Pacific financial markets lower in Monday trading U.S. president signs $700 billion bank bailout plan last Friday Bailout enables U.S. Treasury to buy up bad debts to ease credit crisis (CNN) -- Asian and Pacific stock...

Oil dives 3.8 percent to 8-month low on demand fears

SINGAPORE (Reuters) - Oil prices tumbled nearly 4 percent amid a commodities-wide rout on Monday, falling to their lowest since February as traders feared efforts to contain a growing credit crisis would fail to stave off a...

Job market will feel impact from global economic crunch

Finance Minister Tharman Shanmugaratnam said on Sunday that the global economic crunch could impact Singapore's job market. The Straits Times reported that Singapore will see an economic slowdown that could last 'several...

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