23 Feb '11, 1am

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SINGAPORE shares opened lower on Wednesday, with the benchmark Straits Times Index at 3,004.87 in early trade, down 0.47 per cent, or 14.63 points. Around 164.1 million shares exchanged hands. HP profit rises on business computer buys 7:39 AM SAN FRANCISCO - US COMPUTER colossus Hewlett-Packard reported on Tuesday that its net profit climbed to US$2.6 billion (S$3.3 billion) in the first three months of the year as businesses upgraded systems. HP's net revenue climbed to US$32.3 billion in the first quarter, compared to US$31.2 billion in the same period a year earlier. Libya unrest rattles markets; oil prices jump 6:27 AM NEW YORK - STOCKS fell sharply and oil prices spiked to their highest level in two years on Tuesday as unrest in Libya worsened. Oil prices jumped 6.4 per cent to US$95.42 (S$122.34) a barrel. The fight between protesters and forces loyal to the Libyan l...

Full article: http://www.straitstimes.com/Breaking+News/Money/Money_201...

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