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Latest news for Energy and Utilities

Big Australia rate cut spurs Asia stocks rebound (Reuters)

07-10-2008 00:51

A man passes an electronic board displaying financial data outside a brokerage in Tokyo, October 7, 2008. (Yuriko Nakao/Reuters)Reuters - Asian stocks outside Japan rose for the first time in four days on Tuesday and the yen fell after a surprisingly large interest rate cut by Australia's central bank raised hopes that other policymakers would follow suit.

Nervous markets take heart from big Australia rate cut (Reuters)

07-10-2008 00:28

A woman watches the Shanghai Composite Index on a computer screen at a brokerage house in Shanghai October 6, 2008. (Aly Song/Reuters)Reuters - Guarded optimism mounted on Tuesday for a unified international response to the credit crisis ricocheting around the world after Australia cut interest rates far more steeply than expected.

September consumer sales drop sharply: MasterCard (Reuters)

07-10-2008 00:23

Reuters - U.S. shoppers worried by shrinking bank and retirement accounts tamped down spending across the board in September as the country's financial crisis worsened, MasterCard Advisors said in a report on Tuesday.

Panic over financial system knocks Asia stocks (Reuters)

06-10-2008 22:02

A man passes an electronic board displaying financial data outside a brokerage in Tokyo, October 7, 2008. (Yuriko Nakao/Reuters)Reuters - Panic about how the U.S. and European governments have not yet found a solution to the plague sweeping through the global financial system hit Asian stocks again on Tuesday and lifted gold prices.

Oil rebounds above $88 after 8-month low (Reuters)

06-10-2008 21:42

General view of the Tema oil refinery near Ghana's capital Accra in this file photo from March 28, 2005. (Yaw Bibini/Reuters)Reuters - Oil rebounded above $88 a barrel on Tuesday, recouping some of the $6 losses that sent it to an eight-month low the previous day when investors bet the global economy would slip into recession and demand for fuels would sink.

Japanese shares plummet, extend losses (AFP)

06-10-2008 20:58

A businessman walks past a share prices board in Tokyo. Japanese stocks plunged more than five percent within the first 30 minutes of the Tuesday session amid the global financial crisis that has sent major markets plummeting(AFP/File/Yoshikazu Tsuno)AFP - Japanese stocks plunged more than five percent within the first 30 minutes of the Tuesday session amid the global financial crisis that has sent major markets plummeting.

Insurance chief says AIG bailout was unavoidable (Reuters)

06-10-2008 19:54

The logo of American International Group (AIG) is seen at their offices in New York, September 18, 2008. (Eric Thayer/Reuters)Reuters - Washington policy-makers had no choice but to rescue American International Group Inc after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers on Tuesday.

Crisis hammers stocks, U.S. urges unified response (Reuters)

06-10-2008 19:35

A man smokes in front of an electronic stock information board at a brokerage house in Shanghai October 6, 2008. (Aly Song/Reuters)Reuters - Governments around the world scrambled for new measures to contain the fast-spreading credit crisis as stock, bond and commodity markets bet on deepening uncertainty and a sharp downturn.

Government says economy can avoid recession (Reuters)

06-10-2008 18:38

Reuters - Canada's government said on Monday the economy can still avoid a recession even as the global financial crisis battered the Toronto stock market and economists warned of little growth until late next year.

BofA earnings tumble, cuts dividend (Reuters)

06-10-2008 18:28

A man walks past a Bank Of America branch in New York, October 6, 2008. Bank of America Corp, the largest U.S. bank, on Monday reported a 68 percent drop in quarterly earnings, halved its dividend and said it would seek to raise $10 billion in additional capital. (Lucas Jackson/Reuters)Reuters - Bank of America Corp, the largest U.S. bank, reported a 68 percent drop in quarterly earnings on Monday, cut its dividend in half and said it would seek to raise $10 billion in additional capital.

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