Wednesday, March 2, 2011

Philippines Says Oil Narrowing Scope to Hold Rate at Record Low

Philippines Says Oil Narrowing Scope to Hold Rate at Record Low
The Philippines has less scope to keep borrowing costs at a record low after oil and food costs climbed, central bank Governor Amando Tetangco said.
Read more on BusinessWeek

Oil price fuels Wall Street sell-off
NEW YORK, March 2 — Concerns that rising oil prices could hurt economic recovery prompted investors yesterday to sell stocks and hedge against further declines. The CBOE Volatility Index VIX, Wall Street's so-called fear gauge, jumped 14.5 per cent to 21.01 on growing uncertainty about oil. The index measures the cost of using options as insurance …
Read more on The Malaysian Insider

Oil price fuels Wall Street selling
By Angela Moon
Read more on Reuters via Yahoo! Singapore News

US STOCKS-Oil price fuels Wall Street selling
* Brent crude over $ 116/bbl on Libya, Mideast worries * Market’s “fear gauge” jumps 14.5 percent * Bernanke says oil unlikely to derail economy * Indexes down: Dow 1.4 pct, S&P 1.6 pct, Nasdaq 1.6 pct * For up-to-the-minute market news see [STXNEWS/US ] (Updates VIX, oil prices; adds paragraph on crude and stock index futures moves after hours; adds paragraph on advancers and decliners) By …
Read more on Reuters via Yahoo! Singapore News

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