Business Blog

Crude price plunge sparks warnings of capital spending cutbacks

Black Friday is less intense this year in the US after many stores opened earlier on Thursday.

Police are called to supermarkets across the UK amid crowd surges as people hunt for "Black Friday" offers.

* U.S. crude falls almost 8 percent, Brent also declines* Falling energy shares weigh on global equities; Wall St rises* Dollar mostly strengthens on OPEC decision; bond yields fall(Adds European bond, stock market close)By Herbert LashNEW YORK, Nov 28 (Reuters) - Crude oil tumbled on Friday, knocking down both energy-related shares and currencies after OPEC&aposs decision a day earlier not to cut

Growth of 0.1% illustrates challenge for new economics team

Shares in energy stocks fall further as investors continue to react to the sharp fall in oil prices following Thursday's Opec meeting.