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19 Dec 2014 05:32

Dow jumps more than 400 points as US stocks surge

Thursday's gains marked the second day in a row the S&P 500 has risen more than two per cent. Such a two-day streak has not happened since 2002.

  • 19 Dec 2014 05:21

    Oil prices tumble in volatile trade

    West Texas Intermediate (WTI) for January delivery tumbled US$2.36 to finish at US$54.11 a barrel on the New York Mercantile Exchange. That was the lowest price since early May 2009.

  • 18 Dec 2014 23:40

    US jobless claims fall for fourth week in row

    US jobless claims, a sign of the pace of layoffs, fell 6,000 from the previous week to 289,000 in the week ending Dec 13, according to government figures released on Thursday (Dec 18).  

  • 19 Dec 2014 07:15

    Dollar rises on euro as Swiss franc drops

    The dollar again forged higher against the euro and the yen following Wednesday's Federal Reserve announcement that kept interest rates low.

  • 19 Dec 2014 02:13

    Juncker dealt setback on EU investment plan

    Leaders of the EU's 28 member states meeting in Brussels were widely expected to greenlight the broad outline of Juncker's €315 billion (US$387 billion) investment plan, intended to kick-start growth in Europe by financing hundreds of projects.

  • 18 Dec 2014 16:28

    Swiss central bank introduces negative interest rate

    The Swiss National Bank is imposing an interest rate of -0.25 percent on bank deposits in a bid to to stop the franc getting any stronger, after the Russian rouble crisis sent investors pouring their investments into the safe haven currency.

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