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Tuesday, May 21, 2013

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US stocks fall at open
07-22 22:46
US stocks fell at the open, with the Nasdaq declining more than 1 percent, after disappointing outlooks from Apple Inc fanned fears about a weakening economy....

United to cut more staff, flights after losses
07-22 22:28
United Airlines announced plans to curtail more flights and cut staff in response to a hefty second-quarter loss announced of US$2.7 billion (HK$21.06 bill...

Oil falls on storm forecasts
07-22 22:07
Crude oil fell on forecasts that a tropical storm in the Gulf of Mexico will miss oil fields and refineries, easing concern that supplies will be disrupted. ...

BP recalls staff from Russia
07-22 21:58
British energy giant BP has recalled all of its 148 staff sent to Russia to work for its venture TNK-BP, a company spokesman said. The move comes...

Wachovia takes housing slump hit
07-22 21:43
Banking giant Wachovia took a severe hit from the US housing slump with a second-quarter loss of US$8.662 billion (HK$67.56 billion) as it announced plans...

China unsold new car stock hits four-year high
07-22 21:11
China's stock of unsold new vehicles has hit a four-year high, due to increased production at a time of slowing demand, state media reported. The number ...

Vodafone warning deepens telecom clouds
07-22 19:30
British mobile phone giant Vodafone warned that full-year sales would disappoint the market, sending its share price tumbling one week before the exit of chief ...

Shanghai shares down 0.53 percent
07-22 16:53
Mainland share prices closed mixed with Shanghai down 0.53 percent as investors collected profits on oil refiners after crude prices rose overnight in New York...

Hong Kong stocks slide
07-22 16:49
Hong Kong's benchmark stock index fell for the first time in five days. Cathay Pacific Airways (0293) dropped the most in almost three weeks after crude oil pr...

Iran opposes OPEC oil output hike
07-22 16:40
Iran, the number two oil producer in OPEC, reaffirmed that it was against any hike in the cartel's output quota despite continued high crude prices. ...

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