Crude-oil slight slump below USD 90

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Source: Marketwatch

Investors are switching their confidence to the dollar as price of crude-oil dropped below USD 90 on Tuesday 29 May. The key reason for the decline was the uncertain situation in Spain as its credit rating was downgraded to B. In addition, Greece's current state adds to the pressure and anxiety grows over the potential drop in the demand for oil.

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Wed, 30 May 2012 13:54:05 GMT

Asian shares tumble as Chinese government erases hopes for large stimulus

Asian shares fell on Wednesday as China's policy makers announced the government won't implement a large scale monetary stimulus. Japan's Nikkei Stock Average lost 0.3%, Shanghai Composite index declined 0.2% and South Korea's Kospi gave up 0.3%. Hong Kong's Hang Seng index plunged 1.9% and Australia's S&P/ASX 200 deteriorated 0.5%.  

Wed, 30 May 2012 13:43:04 GMT

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