Global Stocks Tumble Amid Ukraine Tensions

BEIJING (AP) — Global stocks tumbled Friday after tensions over Ukraine mounted and Standard & Poor's cut Russia's credit rating, warning of capital flight and risks to investment due to the crisis. Oil declined but stayed above $101 per barrel amid worries about the possible impact on Russian supplies. S&P said it took the step because the tense situation "could see additional significant outflows of both domestic and foreign capital from the Russian economy." [...] relief was mixed with concern about higher U.S.

Topics:  beijing ap     global   ukraine   standard    poor   oil   s&p   march   russia   russian   u.s    tensions   global stocks tumble   orders   durable   capital   goods   unemployment   
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