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Downturn Begins To Hit Emerging EconomiesDeveloping countries including China and India, where red-hot growth has lifted hundreds of millions of people out of poverty in recent years, are showing signs of economic cooling as the effects of the downturn that started in the United States continue to spread around the globe. Fears that bo... |
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Metals, Oil Drop, Lifting StocksMetals and oil futures prices tumbled and the dollar continued to gain ground against other currencies, helping to push stocks moderately higher. Gold slid below $800 an ounce. Platinum prices also dropped. ... |
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Stocks Surge Amid Big Oil DropStocks rebounded sharply as a big drop in oil prices trumped an ugly quarterly report from troubled mortgage giant Fannie Mae. Crude futures dropped below $117 a barrel and the dollar bounced across the board. ... |
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Wall Street ends higher on Cisco outlook, oil dropNEW YORK (Reuters) -Stocks ended higher on Wednesday, building on the previous day's big gains, as a further drop in oil prices and a reassuring outlook from Cisco Systems overshadowed persistent credit concerns. ... |
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Oil drop once more below 120 dollarsWorld oil prices fell below 120 dollars a barrel on Tuesday, a day after hitting the trough for the first time for three months, as slowing US demand for energy offsets tensions over crude-rich Iran, traders said. ... |
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Wall Street rises on oil drop, housing plan optimismNEW YORK (Reuters) - Stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell. ... |
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