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Business 10 May 2011 | 12:00 AM

Greece hit by new downgrade, EU ponders more help

LONDON: Two major credit agencies have signaled their concern about Greece's massive debt, lending new credence to the view that European authorities must do more to help the country a year after it barely avoided bankruptcy with a bailout.

Business 10 May 2011 | 12:00 AM

US stocks up

NEW YORK: Commodity prices recovered some of last week's losses Monday, helping to lift the stocks of energy and materials companies. The broader market also rose despite new worries about Greece's debt problems.

Business 10 May 2011 | 12:00 AM

S&P slashes Greece rating as EU mulls new help

PARIS: Standard and Poor's (SP) slashed its rating for Greeceyesterday, evoking a rising probability of a debt restructuring, as sources said the European Union (EU) is mulling providing more help to the struggling eurozone member.

Business 09 May 2011 | 12:00 AM

Local bourse closes higher

The local bourse closed higher Monday on selective trading as investors stayed on the sidelines owing to the lack of market-moving news.

Business 09 May 2011 | 12:00 AM

Oil rises to near $99 on weaker US dollar

SINGAPORE (AP) - Oil prices rose to near $99 a barrel Monday in Asia, bouncing back from last week's plunge, as a weaker U.S. dollar made commodities less expensive for investors with other currencies.

Business 09 May 2011 | 12:00 AM

Commodities stock investors this week worry about sustainability of recent rally

NEW YORK: US stock investors head into this week with added worries about the sustainability of the recent rally and a desire to reduce risk, as shown by the stampede out of commodities last Thursday.

Business 07 May 2011 | 12:00 AM

Asian markets fall on faltering US jobs market

BANGKOK: A plunge in commodities and an unexpected rise in US unemployment claims rattled investor sentiment in Asia yesterday ahead of a key jobs report, sending major benchmarks sharply lower.

Business 07 May 2011 | 12:00 AM

What’s wrong with the international monetary system?

Lin See-Yan underlines the basic weaknesses in the international monetary system.

Business 07 May 2011 | 12:00 AM

EconBriefs

Compiled by JAGDEV SINGH SIDHU

Business 07 May 2011 | 12:00 AM

Treasure pulse