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Oct. 14 (Bloomberg) -- Iceland's benchmark stock index plunged 77 percent, the biggest decline on record, as trading resumed after a three-day suspension and the nationalization of the country's largest banks.
Oct. 14 (Bloomberg) -- Canadian stocks surged, sending the main index to the biggest gain in 33 years, on speculation that U.S. plans to invest $250 billion in banks may help avert a global recession.
Oct. 14 (Bloomberg) -- European notes fell for a second day as stocks surged after governments prepared to back major banks to calm credit markets, sapping demand for the safest assets.
Oct. 14 (Bloomberg) -- Natural gas in New York advanced for a second day as the U.S. government injected $250 billion into financial institutions in a bid to thaw frozen credit markets.
Prices at the pump continue to fall. The average price of a gallon of regular unleaded in the Knoxville area dropped 3.4 cents on Tuesday to $3.271 and diesel dropped 3.7 cents to $3.75, according to the AAA Daily Fuel Gauge Report.
Oct. 14 (Bloomberg) -- Money-market rates in London fell after the U.S. joined the U.K., Germany and France in offering to buy stakes in banks to restore confidence in the global financial system.
Oct. 14 (Bloomberg) -- Cattle futures rose for a second day as global equities and commodities rallied, easing concerns that the slumping economy is curbing meat demand. Hogs were little changed.
World stock markets rose with a record day in Japan leading to stronger European shares.
(RTTNews) - Oil prices turned lower after traders learned details of the government's latest rescue plan to help struggling lenders on Tuesday. Light sweet crude for December delivery moved to $81.06, down 62 cents on the session.
(AP:LONDON) World stock markets rose Tuesday with a record day in Japan leading to stronger European shares and a solid open on Wall Street, as markets welcomed the U.S. government's plan to pump $250 billion into banks and shore up the country's financial system.
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