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Oil crash hits share market hard
2014-12-01 06:44:03| Oil & Gas - Topix.net
The dramatic drop in global oil prices is causing havoc in the local energy sector, where falls are leading a more than $50 billion decline in the ASX's value over the past two days. Here are some numbers on the scope of the carnage among oil and gas stocks: Australia's energy sector has suffered its biggest two-day loss since before the global financial crisis, wiping $12.3 billion from the sector's market capitalisation , following OPEC's refusal to cut oil output.
Markets Live: Oil slide hits ASX hard
2014-12-01 05:25:00| Grocery - Topix.net
There's no end to the savage slide in global oil prices, which is taking a huge toll on the local energy sector, while Metcash slumps on a poor earnings and the dollar plumbs new four-year lows. Oil prices are continuing to slide , with US crude falling more than $US2 to a five-year low today, while Brent futures have touched a fresh four-year low, extending a steep sell-off after OPEC decided not to cut production last week , keeping markets well supplied.
Danone hits back at Russian claims of 'deceipt'
2014-12-01 01:23:56| Beverages - Topix.net
Danone hit back at claims by Nikolai Fyodorov, the Russian agriculture minister, that the dairy giant was "deceiving" consumers, demanding a retraction of allegations it termed "deeply" insulting and slanderous. French-based Danone, the water-to-yoghurt giant, said that it was "not only outraged" by Mr Fyodorov accusation "but regard them as defamation, causing damage to our reputation both in Russia and around the world".
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S&P 500 ends lower as oil slump hits market
2014-11-28 20:31:15| Oil & Gas - Topix.net
U.S. stocks indexes were mixed in early trading, as tumbling oil prices weighed on shares of Exxon Mobil, Chev... . Trader Michael Zicchinolfi works on the floor of the New York Stock Exchange, Friday, Nov. 28, 2014.
S&P 500 ends lower as oil slump hits market
2014-11-28 20:31:14| Oil & Gas - Topix.net
Traders Michael Smyth, left, and John Panin work on the floor of the New York Stock Exchange, Friday, Nov. 28, 2014. U.S. stocks indexes were mixed in early trading, as tumbling oil prices weighed on shares of Exxon Mobil, Chevron and other oil and gas giants.
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