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Oil prices drop at fastest rate in two years amid rapid sell-off
LONDON (AFP) – The plunge in oil prices accelerated on Friday, as dealers became nervous about the release of US jobs data later in the day, analysts said. Both main global contracts had posted gains in the morning as bargain hunters stepped in following Thursday’s sell-off that saw New York…
Britain may sell off forests to raise cash
LONDON — Ministers are planning a massive sell-off of Britain’s state-owned forests as they seek to raise billions of pounds to help cut the deficit, the Sunday Telegraph reported. Caroline Spelman, the Environment Secretary, is expected to announce plans within days to dispose of about half of the 748,000 hectares…
Exchange CEOs clueless about what caused shock Wall Street sell-off; Congress announces probe
WASHINGTON  A key US congressional committee looking into last week’s shock Wall Street sell-off announced Monday it would question US financial regulators and executives from major exchanges about the plunge. US Securities and Exchange Commission (SEC) chair Mary Schapiro and top officials at NASDAQ and the New York Stock…
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