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FTSE slumps 8.9 pct
October 10, 2008 on 6:40 pm | In Business News | No CommentsLONDON (Reuters) - The top share index ended 8.9 percent lower Friday contributing to a 24 percent slump for the week, the second biggest weekly fall ever, as investors ran scared from the spectre of a full global recession.
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FTSE slumps 8.9 pct
Oil drops 10 percent on demand concerns
October 10, 2008 on 4:36 pm | In Business News | No CommentsNEW YORK (Reuters) - Oil prices dropped more than 10 percent on Friday and touched 13-month lows in a global flight from risk amid concerns of a worldwide recession and further signs of slumping energy demand.
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Oil drops 10 percent on demand concerns
FTSE seen opening more than 6 percent lower
October 10, 2008 on 2:11 am | In Business News | No CommentsLONDON (Reuters) - The FTSE 100 index is seen opening down as much as 6.7 percent on Friday, according to financial bookmakers, as investors continue to fret about the parlous state of the global banking system.
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FTSE seen opening more than 6 percent lower
Panic strangles Asia stocks but yen firm
October 10, 2008 on 1:55 am | In Business News | No CommentsHONG KONG (Reuters) - Asian stocks plunged on Friday, with Japan’s Nikkei down more than 10 percent, while the yen and U.S. Treasury debt prices rose, as panic set in after global efforts so far failed to unlock credit markets.
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Panic strangles Asia stocks but yen firm
Oil hits one-year low on demand fears
October 10, 2008 on 1:19 am | In Business News | No CommentsSINGAPORE (Reuters) - Oil prices fell five percent to $82 a barrel, a one-year low, as fears that market turmoil will send demand for fuel slumping outweighed news that OPEC will hold an emergency meeting in November.
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Oil hits one-year low on demand fears
Pressure on G7 to act on crisis as stocks plunge
October 10, 2008 on 12:13 am | In Business News | No CommentsHONG KONG/NEW YORK (Reuters) - Fearful selling clenched Asian markets on Friday after U.S. stocks plunged, heaping pressure on economic powers to halt a global spiral of financial distress and slowing growth.
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