Thursday, September 20, 2012

Market mood sours after downbeat economic news

Market mood sours after downbeat economic news

Market mood sours after downbeat economic news

Posted: 20 Sep 2012 09:56 AM PDT

FILE - In this Sept. 12, 2012 file photo, Michael O'Connor, right, of Getco Securities and a fellow trader work on the floor of the New York Stock Exchange in New York. Futures are edging higher Wednesday, Sept. 19, ahead of a pair of reports regarding the U.S. housing market that are expected to provide more hope for the beleaguered industry. (AP Photo/Henny Ray Abrams, File)The mood in financial markets turned sour Thursday after a round of disappointing economic news prompted investors to check their recent enthusiasm.

In protests, Mao holds subtle messages for Beijing

Posted: 20 Sep 2012 09:24 AM PDT

FILE - In this Sept. 15, 2012 file photo, a Chinese man holds up a portrait of former Chinese leader Mao Zedong during protests outside the Japanese Embassy in Beijing, China. The face of dissatisfaction with China's Communist Party is the face of the man synonymous with it: Mao Zedong. Portraits of the revolutionary leader, hoisted by people born after his death 36 years ago, often led packs of demonstrators in protests over Japan's effort last week to bolster its hold on islands claimed by China. (AP Photo/Ng Han Guan, File)The face of dissatisfaction with China's Communist Party is the face of the man synonymous with it: Mao Zedong.

AP Exclusive: Unique tombs found in Philippines

Posted: 20 Sep 2012 05:04 AM PDT

In this March 1, 2011 photo released by the Philippine National Museum, Filipino archeologists measure the dimensions of a limestone coffin at Mount Kamhantik, near Mulanay town in Quezon province, eastern Philippines. Archeologists have unearthed remnants of what they believe is a 1,000-year-old village on a jungle-covered mountaintop in the Philippines with limestone coffins of a type never before found in this Southeast Asian nation, officials said, Thursday, Sept. 20, 2012. (AP Photo/Philippine National Museum) EDITORIAL USE ONLY, NO SALESArchaeologists have unearthed remnants of what they believe is a 1,000-year-old village on a jungle-covered mountaintop in the Philippines with limestone coffins of a type never before found in this Southeast Asian nation, officials said Thursday.

China probes protest around US ambassador's car

Posted: 20 Sep 2012 07:14 AM PDT

Chinese paramilitary police march with their shields outside the entrance to the Japanese Embassy in Beijing, China, Wednesday, Sept. 19, 2012. People across China have engaged in days of furious protests over some East China Sea islands, claimed by Beijing and Tokyo, that Japan purchased last week from a private owner. (AP Photo/Ng Han Guan)China is investigating protesters' harassment of the U.S. ambassador as he attempted to enter the American Embassy, and U.S. officials say Beijing has expressed regret for the incident.

Oil's slide continues toward $91 a barrel

Posted: 20 Sep 2012 05:27 AM PDT

Oil prices fell closer to $91 a barrel on Thursday, sagging for a fourth straight day as high U.S. inventories and weak economic data from Europe, China and Japan reinforced fears of a deeper global downturn.

World stocks fall on weak Japan, China indicators

Posted: 20 Sep 2012 02:15 AM PDT

World stock markets turned lower Thursday after weak Japanese trade figures and a contraction in Chinese manufacturing underlined that the global economy continues to struggle.

Oil's slide continues toward $90 a barrel

Posted: 20 Sep 2012 02:14 AM PDT

Oil sagged for a fourth day Thursday as high U.S. inventories and weak economic data from China and Japan reinforced fears of a deeper global downturn.

Japan posts $9.6B August trade gap as exports wilt

Posted: 19 Sep 2012 11:16 PM PDT

FILE - In this Aug. 13, 201 file photo, a container ship, right, arrives at a container terminal in Tokyo. Japan posted a smaller-than-expected trade deficit of $9.6 billion for August, as exports to Europe and other Asian countries plunged, further undermining hopes for an export-driven revival. The 754.1 billion yen ($9.6 billion) deficit in August was smaller than the $9.9 billion deficit reported a year earlier, the Finance Ministry reported Thursday, Sept. 20, 2012. (AP Photo/Koji Sasahara, File)Japan posted a $9.6 billion trade deficit for August as shipments to Europe and Asian countries sank, further undermining hopes for an export-driven revival in the world's third-biggest economy.

Asia stocks fall on weak Japan trade figures

Posted: 19 Sep 2012 10:30 PM PDT

An Indonesian woman walks past an electronic stock board at the Jakarta Stock Exchange in Jakarta, Indonesia, Wednesday, Sept. 19, 2012. Asian stock markets rose Wednesday after the Bank of Japan became the latest major central bank to announce action to shore up fragile economic growth. (AP Photo/Achmad Ibrahim)Asian stock markets turned lower Thursday after weak Japanese trade figures underlined that the global economy continues to struggle.

Oil's slide continues, nears $90 a barrel

Posted: 19 Sep 2012 10:05 PM PDT

Oil sagged for a fourth day Thursday as high inventories and economic data from China and Japan reinforced fears of a global economic slowdown.

Japan posts $9.6B Aug. trade deficit; exports down

Posted: 19 Sep 2012 06:40 PM PDT

Japan posted a smaller-than-expected trade deficit of $9.6 billion for August, as exports to Europe and other Asian countries plunged, further undermining hopes for an export-driven revival.

Oil's slide continues, hits 6-week low below $92

Posted: 19 Sep 2012 01:04 PM PDT

Oil prices fell on Wednesday for the third day in a row as traders realized that a recent run-up to $100 may have been overdone.
Posted by Harshad at 11:03 AM

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