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US dollar falls against major currencies |
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Commodity Online
WASHINGTON: The US dollar suffered the most against major currencies of the world on Friday, mainly on concerns of slowness in US economic growth. |
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Saudi Arabia confirms output increase |
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Commodity Online
RIYADH: In a significant development, Saudi Arabia on Friday confirmed that it had raised crude oil production by 300,000 barrels per day on May 10 and that increase was sufficient. |
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CBOT rice futures end mixed amid volatility |
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Commodity Online
NEW YORK: CBOT rice futures ended mixed Friday amid continued volatility and commercial buying of September and November rice while soybean futures ended sharply higher. |
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Gold surges near $900 as dollar falls |
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Commodity Online
NEW YORK: Gold rose the most in two and a half months and closed below $900 an ounce Friday mainly on fund buying as crude oil surged to a record and the dollar weakened once again. |
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Oil touches new high above $127 a barrel |
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Commodity Online
NEW YORK: Oil rose above $US127 a barrel for the first time and closed at $126.29 a barrel on Friday mainly on unrelenting upward momentum and strong global demand for distillates. |
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Volcker & Bernanke; Inflation & Stagflation |
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By William Rees-Mogg
Paul Volcker testified to Congress that the Fed ought now to tackle the threat of inflation more forcefully. Stagflation, in which rising prices are accompanied by reduced growth, comes as a second stage. |
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China releases grain, oil from national reserves |
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Commodity Online
BEIJING: China on Friday released grains and vegetable oil from its national reserve to supply earthquake-hit Sichuan province. |
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UN forecasts global growth to fall to 1.8% this year |
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Commodity Online
NEW YORK: The United Nations on Thursday said, global economy is likely to see an even deeper downturn later this year. |
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Rice falls again as wheat extends gain |
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Commodity Online
NEW YORK: CBOT rice futures ended limit-down for the third straight day on Thursday as market participants continued selling July and buying September and November. |
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Gold rises to $ 880 on short covering |
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Commodity Online
NEW YORK: Gold rose $13.50 to settle at $880 a troy ounce on Thursday mainly on short covering and technical strength on the Comex division of the NYMEX. |
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Oil falls again to $122.50 a barrel |
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Commodity Online
NEW YORK: Oil fell again on Thursday after an Energy Department report showed that natural gas supplies rose and the US Congress approved legislation that strengthens oversight of electronic energy trading. |
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'Buy surplus sugar to sell to ethanol producers' |
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Commodity Online
NEW YORK: One of the features of today's U.S. farm bill is that it recommends that the government buy surplus sugar to sell to ethanol producers. |
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'Fed is using its old reliable blunt tool interest rates' |
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By Jon Nadler
Relatively quiet conditions dominated the overnight action in gold as it spent the time within the $860-$870 range following yesterday's dip to one-week lows. |
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Thailand food exports to grow 10% this year |
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Commodity Online
BANGKOK: Thailand's Department of Export Promotion on Thursday said, country’s food exports are likely to grow at least 10 per cent this year due to the increased demand in the world market. |
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French inflation eases to 3 percent in April |
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Commodity Online
PARIS: Inflation rate in France eased to 3 percent against 3.1 percent in March on a year-on-year basis, according to statistics institute INSEE. |
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China says grain reserves safe after quake |
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Commodity Online
BEIJING: China’s Grain Reserves Corporation on Wednesday said, country’s grain reserves in the quake-hit regions remain intact despite some damage to granaries. |
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Gold, silver fall on long liquidation |
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Commodity Online
NEW YORK: Gold followed oil towards a southbound journey Wednesday as it fell $ 3.10 to settle at $ 866.50 a troy ounce on the Comex division of the NYMEX. |
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Oil falls below $125 on US energy report |
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Commodity Online
NEW YORK: Oil fell more than $1 a barrel on Wednesday after an US Energy Department report showed stockpiles of distillate fuels climbed more than expected. |
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Is Chinese economy finally moderating? |
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Commodity Online
NEW YORK: Is China's economy finally moderating? China's Statistics Bureau said that industrial production was up 15.7% in April from a year ago, less than expected. July copper closed down 5.05 cents at $3.6810.
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Mittal replaces Kinsch as ArcelorMittal chairman |
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Commodity Online
LUXEMBOURG: Two years after the take over of Arcelor by Mittal Steel, Lakshmi Mittal on Tuesday replaced Joseph Kinsch as chairman of ArcelorMittal. |
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Gold
