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online shopping stores ?Asia stocks jump as US budget deal appears near lawmakers edged toward a deal to stop hundreds of billions of dollars in automatic tax increases and spending cuts from taking effect that could throw the world biggest economy off a socalled fiscal cliff. Senate passed an emergency

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outlet metzingen ?Tanzania building collapse death toll rises to 30 The death toll from the collapse last week of a building in Tanzanias largest city rose to 30 early today, according to a government agency statement. Rescue workers have given up hope of finding more survivors after the 16storey building in

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cheapest online shopping ?Molina Healthcare Selected to Preliminary Russell 3000 Index Molina Healthcare, Inc. NYSE NYSE See: New York Stock Exchange : MOH See modem on hold. announced today that it has been selected to be included in the preliminary list of companies that will join the Russell 3000R Index.

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Published: Wednesday 07 August, 2013

outlet stores outlet stores ?Asia stocks plunge after Europe elections

BANGKOK Asian stock markets were pummeled Monday by weekend election results in Greece and France that heightened uncertainty about Europes ability to solve its debt crisis. compounded the dour mood while oil slid below $97 a barrel. Japans Nikkei 225 index plunged 2.6 per cent to 9,134.26 and Hong Kongs Hang Seng slid 2.4 per cent to 20,582.24.

Election results in Greece sent tremors throughout Europe as voters punished the parties responsible for highly unpopular austerity m outlet stores easures instituted to prevent the country from defaulting on its massive debts.

No political party won enough votes to form a government leaving the political and financial future of the recessionhit country in serious doubt.

Meanwhile, in France, President Nicolas Sarkozy lost to Socialist candidate Francois Hollande, who had criticized the countrys austerity program and wants to boost government spending.

Dariusz Kowalczyk, senior economist at Credit Agricole CIB in Hong Kong, said the election results were likely to heighten political instability and market volatility.

Thus, in the short run, risk aversion is the name of the game, he said in an email.

Elsewhere, Australias S 200 lost 1.8 per cent to 4,316.20 and South outlet stores Koreas Kospi shed 1.7 per cent to 1,955.53. stocks plunged after the government reported that hiring slowed sharply in April.

Energy stocks were among the hardest hit after the price of oil fell below $100 a barrel Friday, the first time since February.

Hong Konglisted China National Offshore Oil Corp., or CNOOC, tumbled 4.5 per cent. Japanese energy explorer Inpex Corp. lost 4.9 per cent. South Koreas SOil Corp. fell 3.7 per cent.

Benchmark oil for June delivery was down $1.87 to $96.62 a barrel in electronic trading on the New Yo outlet stores rk Mercantile Exchange. The contract fell $4.05 to settle at $98.49 in New York on Friday. outlet stores