US shares drop on European worries amid Wal-Mart scandal

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Source: Marketwatch
US major stock indices dropped sharply on Monday, following their European counterparts as investors digested news about political uncertainties in the Netherlands and France while retail giant Wal-Mart was engaged into bribery scandal in Mexico. S&P 500 fell 0.84% or 11.59 points and closed at 1,366.94, Dow Jones Industrial Average shed 0.78% or 102.09 points to 12,927.17 while Nasdaq Composite slipped 1.00% or 30.00 points to 2,970.45.
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Tue, 24 Apr 2012 06:30:28 GMT

Dutch PM offer to resign after loosing backing from Freedom Party

Dutch Premier Mark Rutte offered his minority coalition's resignation after his cabinet lost backing from Freedom Party caused by disagreements over deficit cut plans. The Freedom Party supported PM Rutte for about 18 months. Political uncertainty in the Netherlands cause boost concerns across whole Europe as the Netherlands was one of the nations than strongly favoured European Union fiscal treaty and

Tue, 24 Apr 2012 05:58:26 GMT

Australian CPI slowed last quarter

Australia's core CPI climbed modestly in the first quarter of 2012, posting the slowest increase since 1998, sending the Aussie and government bills lower on investor speculation RBA will have to lower interest rate. The average measure of core prices or so called trimmed mean added 0.3% compared to previous quarter while quarterly CPI climbed only 0.1% compared to an

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