Asian stocks fall on U.S. cliff concern

Source: Bloomberg
© Scanpix/AP
Most Asian shares fell, with the MSCI Asia Pacific Index dropping from the highest level since August 2011, on concern U.S. lawmakers are deadlocked on a deal to prevent the ‘fiscal cliff' and as the Yen weighed on Japan's stocks. Nikkei 225 Stock Average lost 1.2% and the broader Topix Index declined 0.1%. South Korea's Kospi Index gained 0.3% and Australia's S&P/ASX 200 rose 0.4%. 
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Thu, 20 Dec 2012 12:04:15 GMT

US stocks end Wednesday's session in red; fiscal cliff concerns weight

US stocks finished sharply lower on Wednesday amid mounting uncertainty over the US budget deal. House Speaker John Boehner stated that Republicans will insist on their version of 2013 budget while President Barack Obama said he would not support Republicans' budget proposal. The S&P 500 Index shed 0.76% to close at 1,435.81. All sectors within the index posted losses. The

Thu, 20 Dec 2012 10:48:16 GMT

Corn drops amid falling ethanol production

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