Oil prices continued a three-day decline Tuesday on concerns that a slow global economy would lead to weak demand. All together, prices have fallen some 6% since late last week.
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Asian markets lost value Tuesday with the Shanghai Composite Index tumbling 4% as investors worried about possible monetary tightening measures. In Hong Kong the Hang Seng slid 0.4% and Japan’s Nikkei 225 Index edged down 0.3%….
The President’s trip to Asia was supposed to be all about creating jobs back in the U.S. But he failed to create a trade pact with South Korea, get an agreement on limiting surpluses by large trading partners and to get China t…
A Chinese vase that spent years in a suburban London household sold for 43 million pounds ($67.8 million) at auction. Including tax and commission, the final price was 53.1 million pounds ($85.8 million).
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The leaders of the 20 major economies failed to back a U.S. plan intended to push China to let its currency strengthen. The leaders released a statement saying all the countries pledged to avoid “competitive devaluation” of currencies, The Associated P…