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Business Market

Oil rebounds from two-day tumble
OIL prices rebounded modestly overnight after two days of heavy losses as the market weighed the impact of slowing global growth on energy demand.
Source: AFP: 24 July 2008
Eurozone recession fears loom
THE 15-nation eurozone economy is teetering on the brink of recession, economists warned yesterday in the wake of a string of weak data.
Source: AFP: 24 July 2008
Origin steps on the gas
ORIGIN Energy shares enjoyed a sharp rise yesterday on rumours China's Citic would offer as much as $10.4bn for its coal seam gas assets.
Source: The Courier-Mail: 24 July 2008
Oil falls put steel in share traders
FALLING oil prices have bolstered investor confidence that global financial markets may have weathered the worst of the downturn.
Source: Herald Sun: 24 July 2008
European stocks hit by recession fears
EUROPEAN stock markets were hit hard overnight by a spate of negative economic reports that raised the spectre of recession in the 15-nation eurozone.
Source: AFP: 24 July 2008
Wall Street slides on weak housing data
WALL Street went into a nosedive overnight as a weaker-than-expected report on the US housing market raised fresh fears about an economic recovery and ended a rush into banking stocks.
Source: AFP: 24 July 2008
Billionaire proposes iron ore merger
BILLIONAIRE philanthropist Clive Palmer has proposed a $327 million merger between his investment vehicle Resource Development International (RDI) and junior iron ore explorer Australasian Resources.
Source: AAP: 24 July 2008
Santos revenue up despite output fall
OIL and gas producer Santos has reported a lift in revenue despite a drop in half year production due to the suspension of gas processing on Varanus Island since early June, and maintained its full year production guidance.
Source: AAP: 24 July 2008
ABN Amro resolution weeks away - CBA
COMMONWEALTH Bank of Australia (CBA) chief executive Ralph Norris says the group will know whether it will complete a transaction with ABN Amro Holdings within the next three to four weeks.
Source: AAP: 24 July 2008
Woodside warns shareholders over offers
INVESTORS need to be vigilant against a dodgy share purchasers, says Woodside Petroleum.
Source: AAP: 24 July 2008

World Markets

Discovering the beauty of Pinot Noir
PINOT Noir is a lighter red wine perfect for drinking with food. If you haven't tried it yet, it's time to get some Pinot Noir into your mouth and discover this elegant wine.
Source: NEWS.com.au: 16 June 2008

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