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Archive for March 13th, 2008Oil hits record 111 dlrs as price rally acceleratesPosted by UK Economy News
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13Mar 08 Oil prices hit a record 111.00 dollars per barrel Thursday amid an accelerating price rally which traders say has been fueled by a sharp fall in the value of the US dollar and supply concerns.
Read full story Gold rallies to record $1,000Posted by UK Economy News
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13Mar 08 Spot gold prices hit an all-time peak in Europe on Thursday as a dollar slump and inflation fears prompted investors to look for safe-haven assets.
Read full story Comments Off NY oil prices close at record high above 110 dlrsPosted by UK Economy News
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13Mar 08 Oil prices quoted in New York closed at a record high above 110 dollars per barrel Thursday amid fevered price speculation on world crude markets.
Read full story Comments Off Crude hits fresh peak of $111 as dollar slidesPosted by UK Economy News
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13Mar 08 Oil prices jumped to a record $111 a barrel Thursday, extending a rally that has added nearly 30 percent to prices in just over a month, amid all-time weakness in the dollar.
Read full story Comments Off Wall Street advances as credit fears recede a bitPosted by UK Economy News
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13Mar 08 U.S. stocks gained on Thursday as financial shares erased earlier steep losses after a major credit rating agency said the end to subprime-related write-downs is in sight.
Read full story Comments Off Xstrata surges on report Vale talks nearing endPosted by UK Economy News
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13Mar 08 Shares in miner Xstrata jumped on Thursday after a newspaper said officials would fly to South America to hammer out a takeover by Brazil's Vale amid talk of a deal with Xstrata's biggest shareholder.
Read full story Comments Off Subprime losses may reach 285 billion dollars: S&PPosted by UK Economy News
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13Mar 08 Losses linked to the meltdown of the subprime real estate market may reach 285 billion dollars globally, according to a new report Thursday that said the worst of the crisis may be over.
Read full story Comments Off US: security features of new five-dollar bill are on the moneyPosted by UK Economy News
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13Mar 08 "The redesigned five-dollar bill's enhanced security features help ensure we stay ahead of counterfeiters and protect your hard-earned money," Federal Reserve Board official Michael Lambert said at a ceremony to launch the new bill.
Read full story Comments Off Bush has not changed dollar policy: White HousePosted by UK Economy News
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13Mar 08 US President George W. Bush has not changed his policy regarding the dollar and remains "focused" on US economic fundamentals, White House spokesman Tony Fratto said Thursday.
Read full story Comments Off Gold reaches record high 1,000 dollarsPosted by UK Economy News
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13Mar 08 Gold prices breached 1,000 dollars for the first time on Thursday as the precious metal benefited from a plunging dollar and its safe-haven status amid fears of rising inflation.
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