Record high oil prices at a barrel deepened worries about inflation on Thursday and weighed on some Asian stocks although Japanese shares ended slightly higher, as dealers trimmed their bets on further weakness. The dollar trudged higher against the euro after earlier hitting a one-month low after the Federal Reserve slashed its United States 2008 growth forecast
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/ 24 January 2008
Global share prices rocketed on Thursday, though fears of an economic slowdown lingered as Société Générale revealed a massive €4,9-billion fraud-related loss it attributed to one of its traders. Europe’s leading share indices surged in morning deals, with gains of between 4% and more than 5% after a recovery on the Japanese market.
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/ 20 November 2007
President Thabo Mbeki’s office said an investigation into the arms deal had already found no wrongdoing on the part of government. This followed a media report based on an addendum to Mbeki’s online letter in his capacity as president of the African National Congress on November 16.