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Analysis: Shipping signal gnaws at market optimism

LONDON (Reuters) - A nightmare on world freight markets, where shipping prices have been decimated over the past four years, is gnawing at New Year optimism about a stabilizing world economy and shows how adept investors can be at tuning out 'inconvenient' information. Global markets have staged an impressive start to 2012 after a dire second half to last year when economists talked openly of ...

First Person: My Multiple Income Streams Answer to the Recession

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As it Happened: Ireland 21-23 Wales

A last-minute penalty from Leigh Halfpenny saw Wales over the line against Ireland at Aviva Stadium. See how the action unfolded here.

02/02/2012 16:34 ASIA Baltic Dry Index falls to record low

» by Maurizio d'Orlando Index hits 662 points. The previous low was in 2008, during the Lehman Brothers crisis. The drop reflects the steep decline in demand for raw materials, consequence of a worldwide economic slowdown. Expert tells AsiaNews that ship overcapacity is the main reason for the fall.

Freezing Siberian Winds Boost European Power Prices, Disrupt Gas Supplies

Freezing weather throughout Europe sent wheat and electricity prices higher and disrupted gas supplies and shipping, with some regions preparing for their lowest temperatures in more than 60 years.