24 May '11, 9pm

US stocks slip as rising oil prices forecast: NEW YORK: US stocks edged down on Tuesday as two banks predicted o...

US stocks slip as rising oil prices forecast: NEW YORK: US stocks edged down on Tuesday as two banks predicted o...

NEW YORK: US stocks edged down on Tuesday as two banks predicted oil prices will rise to $130 a barrel and data showed the market for new homes remained weak. The Dow Jones Industrial Average lost 25.05 points (0.20 percent) at 12,356.21. The broader S&P 500-stock index gave up 1.09 points (0.08 percent) at 1,316.28 and the tech-heavy Nasdaq Composite fell 12.74 points (0.46 percent) to 2,746.16. While the rest of the market drooped, oil company shares surged after US banks Goldman Sachs and Morgan Stanley forecast the price for Brent crude, London's benchmark, would hit $130 a barrel in 2012, compared to Tuesday's closing price of $112.53. The market brushed off data showing an increase in new home sales in April for the second consecutive month suggesting a 7.3 percent annual growth rate. The data, usually an indicator of trends in both the construction industry and the ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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Oil prices rebound on weaker US dollar

Oil prices rebound on weaker US dollar

channelnewsasia.com 24 May '11, 8pm

NEW YORK: Crude oil prices bounced back on Tuesday from sharp losses the previous day, lifted by a weaker US dollar and a ...

US accuses oil traders of 2008 manipulation: WASHINGTON: US authorities on Tuesday accused three companies linke...

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channelnewsasia.com 25 May '11, 12am

WASHINGTON: US authorities on Tuesday accused three companies linked to Norway-born Cypriot shipping and drilling tycoon J...

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channelnewsasia.com 25 May '11, 12am

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sg.news.yahoo.com 18 May '11, 6pm

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straitstimes.com 24 May '11, 5am

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channelnewsasia.com 20 May '11, 9pm

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channelnewsasia.com 17 May '11, 9pm

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channelnewsasia.com 03 Jun '11, 9pm

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channelnewsasia.com 03 Jun '11, 9pm

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straitstimes.com 27 May '11, 3pm

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sg.finance.yahoo.com 15 May '11, 2pm

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sg.news.yahoo.com 24 May '11, 8pm

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channelnewsasia.com 13 May '11, 9pm

NEW YORK: US stocks ended the week mired in red Friday as investors shrugged off US inflation and consumer confidence repo...

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sg.news.yahoo.com 19 May '11, 7am

LONDON (Reuters) - World stocks ticked higher from this week's 4-week low on Thursday, underpinned by strong appetite for ...