NEW YORK - US STOCKS tumbled on Monday in their worst single-day loss in two months amid renewed concerns about the shakeout of the global financial crisis and conflicting signals about economic recovery.
The Dow Jones Industrial Average slumped 200.95 points (2.35 per cent) to 8,338.78 in final trades as the blue-chip index extended losses after a nearly three percent drop last week.
NEW YORK - OIL prices fell nearly 4 per cent to below US$67 (S$99) a barrel on Monday as the dollar firmed and concerns about the possibility of an economic rebound weighed on the market.
The World Bank said prospects for the global economy remained 'unusually uncertain' as it cut 2009 growth forecasts for most economies, adding to concerns of a slower turnaround.
NEW YORK - GOLDMAN Sachs Group is on pace to make record bonus payouts after a robust first half, the Guardian newspaper reported on on Sunday.
Goldman staff in London were briefed on the outlook and told they could look forward to the bonus hikes if the company registers its most profitable year ever, the report said.
