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US stocks falter on housing data (The Malaysian Insider)

May 20th, 2009

More info…
NEW YORK, May 20 Investors tried to brush aside news of record-low US housing data yesterday and anticipate a recovery in global economies but US stocks faltered on concerns about the American consumer while oil rebounded on supply fears. Oil prices rose to touch a six-month high over US$60 (RM211) a barrel as a flurry of US refinery problems stoked fears of gasoline supplies leading into the …

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This entry was posted on Wednesday, May 20th, 2009 at 12:55 am and is filed under Disaster Recovery. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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