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Shares tumble on oil, interest rate hike.
Mar. 3--Thai shares yesterday tumbled 2.41 percent on investor worries over the country's deteriorating trade account, rising global oil prices and an interest rate hike by the central bank.
The Stock Exchange of Thailand yesterday closed at 720.92 points, down 17.83, on trade worth 29.2 billion baht.
Energy stocks were the big losers, falling 3.88 percent on the day, while banks lost 3.11 percent and communications fell 2.11 percent. Losers outpaced gainers 302 to 56, with 67 stocks closing unchanged.
The SET50 index of large cap stocks fell 2.65 percent yesterday to 50.6 points, while the Market for Alternative Investment index dropped 1.6 ...
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...paper production in North America rose 10% in 2004, the highest in two decades. The dollar's decline and soaring fuel oil prices make importing coated paper unattractive, as European and even some Asian producers increased prices dramatically. As a...
- TA index down 11% on oil prices and early interest rate hikes.(TA30 Telecom...
- Magazine article from: Telecom Asia June 1, 2004 700+ words
...050 points last month. The sell-off continued in Asian stock markets on the back of soaring oil prices, the prospect of early interest rate hikes in the US and fears of a slowdown in China's economy, which have been keeping many investors...
- Consumers' spending spree comes to an end; A volatile rand, high oil prices and...
- Newspaper article from: The Sunday Independent (South Africa) July 9, 2006 700+ words
...unprecedented spending amid the lowest interest rate and inflation rates in 30 years is...food costs, could result in another interest rate hike next month. In the year to date...an economist with Absa, said the interest rate hike last month, the possibility of...
- Mumbai, Sep 27 (PTI) Select government bonds today tumbled on renewed selling...
- News wire article from: PTI - The Press Trust of India Ltd. September 27, 2005 700+ words
...policy, RBI had peggd inflation at 5-5.5 per cent for the fiscal year and has not changed its forecast even though global oil prices have gone up significantly to about 67 dollars a barrel now. Domestic fuel prices have been increased twice since April...
- Big drop in inventories, storm fears keep oil prices on the boil.
- Newspaper article from: The Oil Daily al-Rikabi, Ramsey Sullivan, John September 20, 2007 700+ words
Global oil prices hit fresh highs on Wednesday on hurricane worries and another...Tuesday's decision by the US Federal Reserve to cut its key interest rate supported oil prices by bringing some calm to credit markets and allaying fears of...
- Higher rates? Higher oil prices? Who cares?
- Magazine article from: Investment News Parrish, Michael March 20, 2000 700+ words
Looming interest rate hikes and rising oil prices failed to cast a pall on the...inevitable, and even without interest rate hikes by the Federal Reserve...He said the effects of rising oil prices will be nominal. Mr. Baily...
- BOK Governor Says High Oil Prices Main Economic Concern.
- News wire article from: YON - Yonhap News Agency of Korea May 15, 2004 700+ words
...Seung said Saturday that high oil prices were the main source of economic...figures were inevitable. Global oil prices rose past the US$40 per barrel...then said that compared to oil prices, likelihood of interest rate hikes by the United States...
- BOK GOVERNOR SAYS HIGH OIL PRICES MAIN ECONOMIC CONCERN.
- News wire article from: AsiaPulse News May 17, 2004 700+ words
...Seung said Saturday that high oil prices were the main source of economic...figures were inevitable. Global oil prices rose past the US$40 per barrel...then said that compared to oil prices, likelihood of interest rate hikes by the United States...
Source: HighBeam Research, Shares tumble on oil, interest rate hike.