LONDON  - Crude prices fell on Tuesday after the International Energy Agency declared that booming oil output in North America, driven by the shale energy revolution, has created a global "supply shock" that is reshaping the industry. In London early afternoon deals, Brent North Sea crude for ...

ZURICH - The Swiss franc, long a refuge for crisis-wary investors, has now fallen to its lowest level against the euro in 20 months amid a rosier outlook for the European common currency. Early on Friday, more than 1.25 Swiss francs were needed to buy one euro, placing the Swiss currency at its ...

Global financial services major Merrill Lynch has cautioned that oil prices may decline to a low of USD 25 a barrel next year if the slowdown that has already hit the developed nations extends to China. Merrill Lynch in its global outlook for 2009 warned that oil prices could fall as low as USD 25 ...