US Retail Sales Fall 2.8%
US Retail Sales fell by a record 2.8 percent for the month of October beating the previous record of 2.65 percent set in November, 2001. More
US Treasury to Invest in 20 More Banks
The US Treasury announced it will invest in twenty more banks as part of its $700 billion rescue plan. More
Pound Records Record Weekly Loss Against Euro
The pound ended a miserable week which saw British cable losing 5.3 percent against the euro. More
Crude Falls $1 on Waning Demand
Crude fell $1.10 to $57.14 as investors worry that global demand will continue to weaken. More
In response, the Organization of Petroleum Exporting Countries is expected to make further production cuts.
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