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Business

Oil plunge a panacea for crude-reliant Asia

A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. It is also a panacea as pump prices fall, giving individuals more disposable income and lowering costs for many businesses.

Business

Energy shares slide after OPEC decision

Crude oil and energy shares tumbled Friday as OPEC's decision to keep production steady rippled across the globe. Japanese stocks rose after a slew of uninspiring economic data raised hopes that more stimulus was in the pipeline while other global indexes were mixed.

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