Wednesday, September 17, 2008

Banking woes in USA could trigger a downfall in economy: polymer prices in Asia plunge in anticipation of weak demand for Chinese products

Crude oil prices have plunged below hundred dollars to US$95 per barrel on Monday. Lehman Brothers Holdings filed for Chapter 11 Bankruptcy protection in a
New York federal court early Monday, listinng $613 billion in debt to more than
100,000 creditors and US$639 billion in assets.

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