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Crude prices rose to nine-month highs in Asia

Crude prices rose to nine-month highs in Asia

Crude prices rose to nine-month highs in Asia SINGAPORE: Crude prices rose to nine-month highs in Asian trade Monday as investors kept a wary eye on the worsening crisis in Iraq, where insurgents were advancing on the capital Baghdad. US benchmark West Texas Intermediate for July delivery jumped 35 cents to $107.26 a barrel in late-morning trade, while Brent crude …

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Asian markets mostly fell, Asian shares down again in Iraq

Asian markets mostly fell, Asian shares down again in Iraq

Asian markets mostly fell, Asian shares down again in Iraq HONG KONG: Asian markets mostly fell Friday, following another Wall Street sell-off as oil prices shot up to a nine-month high on concerns about the growing crisis in Iraq. Assets considered safe options in times of uncertainty also benefited, with gold up and the yen holding on to healthy gains …

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World Bank downgraded forecast for global economy for 2014

World Bank downgraded forecast for global economy for 2014

World Bank downgraded forecast for global economy for 2014 WASHINGTON: The World Bank downgraded its forecast for the global economy this year, citing a bitter American winter and the political crisis in Ukraine. In an outlook released Tuesday, the bank still expects the world economy to grow faster — 2.8 percent this year versus 2.4 percent in 2013. But its …

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Meeting of the OPEC oil cartel, Oil higher prices in Asian

Meeting of the OPEC oil cartel, Oil higher prices in Asian

Meeting of the OPEC oil cartel, Oil higher prices in Asian SINGAPORE: Oil prices rose in Asia Wednesday ahead of the release of a key indicator of US energy demand and a meeting of the OPEC oil cartel. US benchmark West Texas Intermediate for July delivery was up four cents at $104.39 a barrel in mid-morning trade and Brent oil …

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Royal Australian Mint said Australians lose $100 million worth of coins down

Royal Australian Mint said Australians lose $100 million worth of coins down

Royal Australian Mint said Australians lose $100 million worth of coins down SYDNEY: Australians lose more than $100 million worth of coins down the back of sofas and car seats each year, the Royal Australian Mint said. Mint chief executive Ross MacDiarmid told a government hearing that 255 million coins disappear annually and are replaced. “Most of the coins that …

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Euro languished near four-month lows 2014

Euro languished near four-month lows 2014

Euro languished near four-month lows 2014 SYDNEY/SINGAPORE: The euro languished near four-month lows on Thursday with investors firmly sidelined as they waited to see what measures the European Central Bank would implement to tackle the threat of deflation. The ECB is widely expected to cut interest rates, putting the deposit rate into negative territory for the first time. It is …

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Dollar fell further in Asia

Dollar fell further in Asia

Dollar fell further in Asia TOKYO: The dollar fell further in Asia on Friday with investors discouraged by low yields on US bonds and caution ahead of market-moving events set for next week. Dealers were unfazed by Japanese economic data released early Friday, saying drops in spending and industrial output had been well expected. The dollar fetched 101.55 yen in …

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Asia-Pacific shares outside Japan dipped about 0.1 percent

Asia-Pacific shares outside Japan dipped about 0.1 percent

Asia-Pacific shares outside Japan dipped about 0.1 percent TOKYO: Asian stocks erased early modest gains on Tuesday, while the euro steadied but remained vulnerable after overnight comments from the European Central Bank chief heightened expectations of easing steps in the euro zone. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped about 0.1 percent, after opening higher, as investors locked …

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Hong Kong shares rose 0.25 percent exchange

Hong Kong shares rose 0.25 percent exchange

Hong Kong shares rose 0.25 percent exchange HONG KONG: Hong Kong shares rose 0.25 percent in early exchanges on Friday, extending the previous day´s gains and following another pick-up in New York. The benchmark Hang Seng Index added 56.69 points to 23,010.45 in the first few minutes.

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