Wall St dives on record oil over $123
By Ellis MnyanduReuters Wednesday, May 7, 2008; 5:35 PM
NEW YORK (Reuters) - Stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel.
Investors sold off shares of banks, home builders and companies dependent on consumer spending amid fears that rising prices will crimp demand and exacerbate fallout from the housing slump.
British plans for Chagos Islands brings concerns over China threat
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Chagos Islands (Wikipedia) COGwriter Last year, the UK announced it would
give the sovereignty of the Chagos Islands to Mauritius. And while that was
not...
4 hours ago
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