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What's in store for markets in 2015?Wall Street was generally calmer in 2014 than in previous years, but that doesn't mean the stock market was devoid of drama. Big selloffs in biotechnology and social media stocks had strategists predicting doom in the spring, More… |
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Saudi opens lower after oil plummetsThe Saudi stock index opened lower on Saturday, mainly weighed by petrochemicals which dropped following record falls in oil prices. Heavyweights Saudi Basic Industries Corporation (Sabic) lost 1.8 per cent, while the petrochemicals index More… |
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Oil falls from eight-week highOil prices slipped back from eight-week highs on Tuesday on expectations of a rise in US crude inventories and a slightly stronger dollar. US crude inventories probably rose for a sixth straight week as imports edged up and refinery utiliz More… |
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Saudi stocks tank on oil fall, recession fearsSaudi Arabian stocks tumbled on Saturday, tracking a drop on world markets, as investors worried that an oil price fall and possible global recession would hit growth of companies in the world's top oil exporter. The benchmark of the l More… |
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Oil falls below $121Oil fell more than $4 a barrel to below $121 on Tuesday, touching the lowest price since May, as signs of weakening demand outweighed a disruption to Nigerian oil output. The drop also coincided with a firmer US dollar, which may have redu More… |
