Oil down a dollar as crisis crimps growthBy Chris Baldwin LONDON (Reuters) - Oil fell for a fifth straight session to approach $50 a barrel on Thursday as the fallout from the credit crisis hits the global economy, hitting demand for fuel. Japan's exports to Asia fell in October for the first
FOREX-Euro hits 1-week low vs yen, dlr, stocks struggleLONDON, Nov 20 (Reuters) - The euro hit a one-week low against the yen and the dollar on Thursday after a dim economic outlook from the Federal Reserve underlined dire global conditions, sparking fresh demand for lower-yielding currencies. The yen
RBA spends $3b to prop up Aussie dollarThe Reserve Bank spent a whopping $3.15 billion propping up the Australian dollar when it plunged towards 60 US cents in another sign of its concern about the state of the economy. Data released on Thursday shows the action taken in October was the
Rupee at a record low, down 38 paise dollarEven selling of dollars by banks also failed to check weakness in the rupee?s value PTI Email Print font size Mumbai: The rupee on Thursday depreciated by another 38 paise against US dollar in early trade on increased capital outflows and strong demand
