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Commodities News
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Greece reaches basic accord, but there are worries Barclays says
Monday 07 Nov 2011
Late yesterday evening in Athens, at a meeting chaired by Greek President Karolos Papoulias, the leaders of Greece’s main political parties reached a basic agreement on the creation of a coalition gov... Read More
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Commodities: Modest gain for crude after volatile session
Monday 07 Nov 2011
Crude oil futures settled Friday higher, as buyers moved in during the last hour of trading. Read More
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Greece may be near an agreement on a national unity government
Sunday 06 Nov 2011
The main Greek political parties are now racing to try and rebuild the trust of the international community, by the creation of a unity government, fast enough to obtain the next tranche of aid from t... Read More
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G-20: No specific deal on IMF funding until February
Friday 04 Nov 2011
French President Nicolas Sarkozy concluded the G-20 meeting held in Cannes on Thursday and Friday by saying that there is a consensus on the Greek rescue and that "We will fight to defend Europe and t... Read More
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Euro Zone: PMI services indicate recession
Friday 04 Nov 2011
The Purchase Manager Indices (PMIs) for the service sector, compiled by Markit Economics, reveal that the European economic slowdown continues its course in October. The main sector of economic activ... Read More
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Greek referendum is a dead duck - official!
Friday 04 Nov 2011
Greek Finance Minister Evangelos Venizelos officially confirmed the plan to hold a Greek referendum has been abandoned in calls made to Eurogroup president Jean-Claude Juncker, EU Commissioner for Eco... Read More
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Mixed US employment data
Friday 04 Nov 2011
Non-farm payrolls rose by 80,000 in October, according to the latest data out today from the Bureau of Labour Statistics. Read More
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Merkel says there is no decision on increasing IMF resources
Friday 04 Nov 2011
German Chancellor Angela Merkel acknowledged that the Group of 20 (G20) has not reached an agreement to supply the International Monetary Fund (IMF) with additional resources. She added that a large ... Read More
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US non farm payrolls, Oct..: 80,000, Cns.: 95,000 -ALERT
Friday 04 Nov 2011
US non-farm payrolls, Oct..: 80,000, Cns.: 95,000. Read More
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Spain: Industrial production falls
Friday 04 Nov 2011
The Industrial Production Index (IP) for September came in at -1.7% on year rate, according to the latest data from Spain's National Statistics Institute. Read More
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Eurozone composite PMI points to a large contraction in GDP -UPDATE
Friday 04 Nov 2011
Broker comment added Read More
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Italy accepts IMF and EU monitoring
Friday 04 Nov 2011
Greece has put its proposal for a referendum in 'deep freeze' and Italy may have accepted monitoring from the International Monetary Fund (IMF) and the European Union (EU). It is said that the two int... Read More
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Greek drama: A good performance for now, but not without its defects
Friday 04 Nov 2011
In this day and age of spend-thriftiness and austerity one must welcome and make the most of any opportunity to save money. Thus, the most recent events in Greece have not only afforded us an easy ‘di... Read More
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Prospects for a Greek coalition government diminish? -UPDATE
Friday 04 Nov 2011
According to reports out last night, which cited government sources, Greek Prime Minister George Papandreou had struck a deal with ministers to step down and hand power to a negotiated coalition gover... Read More
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Commodities: Oil and gold rise as European drama unfolds
Friday 04 Nov 2011
On a dramatic day in Europe, the price of oil rose close to a three-month high in New York trading, with West Texas sweet light crude for December delivery rising $1.56 to $94.07 a barrel. Read More
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Discontent in the ranks of the main Italian political party
Friday 04 Nov 2011
A rebellion is emerging within Italian Prime Minister Silvio Berlusconi's conservative party that could have enough force to threaten his governing majority in Parliament, said people familiar with th... Read More
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Straight-talking Draghi takes charge, economists speculate on further cuts
Thursday 03 Nov 2011
Jean-Claude Trichet’s opaque language was his strong point. For Mario Draghi, it could be his conciseness. Read More
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Higher U.S. productivity and lower labor costs
Thursday 03 Nov 2011
U.S. labour productivity rose at a 3.1% rate in the third quarter, according to data just released by the U.S Department of Labor. Read More
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Day of high dra(ch)ma in EU as rates are cut and Greece flounders
Thursday 03 Nov 2011
It was an extraordinary day of to-ings, fro-ings, comings and goings in Europe. Read More
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UPDATE: Greek referendum 'scrapped' say sources
Thursday 03 Nov 2011
Sources close to the Greek government have confirmed that the proposed refendum on the country's bailout package has been scrapped, according to Associated Press. Read More
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