Market tumbles to four year lows amid Cyprus tensions
New York stocks slid on Wednesday with the Dow Jones average dropping about 16 points to 740.54 and the broader NYSE index at its lowest finish since July 1970. Brokers cited renewed Cyprus fighting, inflation fears, and rising commodity prices as downturn drivers.
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Investment trusts post gains in 16 week period
Investment trusts report earnings of 15.3 million dollars or 47 cents per share during the 16 week span, aligning with earlier international performance. The figures reflect significant growth compared with the prior period.
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