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Sharp fall in hybrid vehicles sales as US tightens belt
Americans' appetite for hybrid cars is evaporating as tumbling fuel prices and tighter household budgets trump environmental concerns
FT.com

Austrian and Slovak Border Towns Booming
Towns that are located on the border between Austria and Slovakia are experiencing their own little boom in property sales and growth. The EU recently expanded the Schenegen Zone, which allows passport free travel across the border and has helped to grow this region. Additionally, reasonably priced property in the region makes it an attractive area for those who want their own property within these countries.
homesgofast.com

Oil retreats to start the new year
SINGAPORE (Reuters) -- Oil prices fell more than 4% Friday, kicking off 2009 on a weak note as traders bet a late-day rally that drove up prices 14% before on New Year's Eve was overdone.U.S. light, s...
bignewsnetwork.com

Oil falls to below $43 a barrel in Asia
Oil prices fell below $43 a barrel Friday in Asia after Russia and Ukraine said a dispute over natural gas payments wouldn't affect shipments to Western Europe. Light, sweet crude for February delivery fell $1.73 to $42.84 a barrel in electronic trading on...
San Francisco Chronicle

Oil tumbles 4 percent after late surge capped dismal 2008
SINGAPORE (Reuters) - Oil prices fell more than 4 percent on Friday, kicking off 2009 on a weak note as traders bet a late-day rally that drove up prices 14 percent on Wednesday was overdone.
Reuters

Investors Bet Against PCCW Offer
PCCW's share price remained far below Richard Li's latest buyout offer, reflecting investor concerns that minority shareholders will reject the bid.
Wall Street Journal

Affordability ratios soften for first-time buyers
Potential first-time buyers are in a stronger position to purchase a home than at any time in the past five years.According to Halifax, the first-time buyer affordability ratio has steadily improved during 2008 and the trend should continue in 2009.Research from the lender indicates that the average house price to earnings ratio has fallen from [...]
Finance Markets

Cost-cutters move into mainstream
Some of Britain's leading consumer businesses have announced the start of 2009 with more price cuts
FT.com

Venezuela`s oil income soars in early 2008
CARACAS, Venezuela (AP) - Record prices boosted Venezuela's oil income by 225 percent in the first nine months of 2008, allowing the state-run oil company to stash $10.8 billion in government reserves now that oil prices have dropped dramatically.
AOL

Jet Airways slashes international fares by 25%
Jet Airways after cutting domestic fares by 40% has cut international fares due to reduced aviation fuel prices.
The Times Of India

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