US Retail Sales Fall 2.8%
US Treasury to Invest in 20 More Banks
The US Treasury announced it will invest in twenty more banks as part of its $700 billion rescue plan. More
Pound Records Record Weekly Loss Against Euro
The pound ended a miserable week which saw British cable losing 5.3 percent against the euro. More
Crude Falls $1 on Waning Demand
Crude fell $1.10 to $57.14 as investors worry that global demand will continue to weaken. More
In response, the Organization of Petroleum Exporting Countries is expected to make further production cuts.
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