Daily Archives: June 2, 2012

Oil prices dive on dismal economic data

  NEW YORK,- A dismal US monthly employment report added to poor news on China’s economy and more weak data in Europe to send oil prices sinking Friday. New York’s main contract, West Texas Intermediate crude for July, dived $3.30…

Commodities mostly slump as economic storm clouds gather

  LONDON, – Most global commodity prices tumbled this week amid a bloodbath on markets as traders fled to safety in the face of poor economic data and eurozone debt crisis developments that now threaten Spain. “Rising economic uncertainty in…

2 hurt in Lebanon clashes linked to Syria: security

  BEIRUT,- Overnight clashes between pro- and anti-Syrian regime gunmen left two people wounded in the northern Lebanese city of Tripoli, a security official said on Saturday. Sporadic gun and rocket fire broke out at midnight and continued through the…

Eurozone crisis hits unemployed, sends rate to record 11%

  BRUSSELS,- The eurozone debt crisis has hit workers hard, with grim data showing Friday a manufacturing freefall and unemployment at a record 11 percent, piling pressure on EU leaders to restore growth. The unemployment rate in March and April…