81. Australian stocks plunged for a second day after world equity markets tumbled on concern that currency and market turmoil in Asia may slow economic growth and company earnings. 82. Because Asian currencies have been devalued so sharply, products from countries like South Korea are far more competitive in world markets. 83. Because the Caspian region is landlocked, however, pipelines must be built to carry its oil to world markets. 84. Because many Asian currencies are plunging in value, Asian products are getting cheaper on world markets. 85. Bayer AG, the German pharmaceutical and chemical conglomerate, voluntarily withdrew Baycol, its highly profitable cholesterol-lowering drug, from the world market Wednesday. 86. Behind the concern regarding a slug of Iraqi crude reaching the world market are doubts surrounding the Organization of Petroleum Exporting Countries, to which Iraq belongs. 87. Behind much of the turmoil is uncertainty over the short-term effect that unstable world markets will have on domestic companies. 88. Bellwether issues tumbled as overall share prices weakened on the world equities markets. 89. Bill Wicker, a spokesman for the Department of Energy, concurred that that gasoline prices reflected the world markets. 90. Big-selling international releases, together with successful local artists, are helping PolyGram to bear up in a sluggish world music market, analysts said. |