Headlines 

Oil plunges to lowest level for five months amid global growth fears

Crude hit by booming US output and Opecs unwillingness to cut, while metals were under pressure from slowing Chinese demand Oil prices have fallen sharply along with other commodities as the prospect of slowing growth in the US and China blunts optimism about the global economy. Asian stocks fell for the third day running thanks to the oil price, which fell by 5% on concerns of a supply glut. Analysts have forecast further losses amid signs that demand will not be strong enough to soak up the excess production. The…

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Headlines 

Soaring tech stocks send Nasdaq to record high

Bumper profits from Google parent Alphabet and Amazon boost tech-heavy index as Jeff Bezos closes in on title of worlds richest person A slew of large tech companies including Google parent Alphabet and Amazon have reported better than expected bumper profits, promising to boost the Nasdaq index to fresh highs. The tech-heavy index already pushed to a new record on Thursday of 6,048.94, a rise of 0.39%, thanks to strong results from PayPal and Comcast. But after-the-bell figures from the industrys giants looked set to take it even higher when…

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