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February 22, 2012 -- Updated April 29, 2011 13:59 HKT

World Markets Snap Shot

World Markets Snap Shot

The World Markets Snap Shot US stocks got a boost Friday from Caterpillar and other US industrials’ shares, putting the DJIA up for its best monthly performance since December. The NAS was also up for its best month of the year, while the S&P 500 was aiming for its best month since February. On the [...]

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Commodities News

Commodities News

On the Commodities Front Crude Oil prices pushed to a new multi-year high above 114 bbl before finishing at 113.84 with a $0.93 gainer. Nat Gas as rose 0.13 to 4.76 per MMBtu. The precious metals: Gold advanced 25.10 to 1556.30 oz, and extended its move into electronic trade so that it registered a new [...]

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St. Louis Mo Jury finds Tobacco companies not responsible for Smokers’ health costs

St. Louis Mo Jury finds Tobacco companies not responsible for Smokers’ health costs

St. Louis Mo Jury finds Tobacco companies not responsible for Smokers’ health costs MO, RAI, LO Altria Group Inc.’s (NYSE:MO) Philip Morris USA said Friday a St. Louis State court jury has returned a verdict for a number of tobacco companies, agreeing that 37 Missouri hospitals could not recover costs for treating sick smokers. Lorillard [...]

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Oil Higher on Lower USD

Oil Higher on Lower USD

Crude Oil running on weak “Greenback” set to mark 8th monthly gainer. Crude Oil prices pushed North Friday, on track to post its 8 consecutive monthly rise, as the weaker USD, and chaos in the MENA region offset concerns about fuel demand and slowing US economic growth. Both Brent and WTI crude were poised for [...]

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Gold at $1565

Gold at $1565

Gold in line to mark its best monthly gainer since November Gold rose to a third consecutive record high on Friday, closing in on 1,565 oz as the USD fell to a 3 yr low on expectations the US Federal Reserve will maintain easy money policy. Silver rose toward the previous session’s record high near [...]

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DJIA Posts Strong April

DJIA Posts Strong April

DJIA set to mark best month in Y 2011 US stocks got a lift Friday from Caterpillar and + US industrials’ shares, putting the DJIAin line for its best monthly mark since December. Heavy machinery manufacturer Caterpillar Inc (NYSE:CAT) rose after reporting a 5-fold increase in Quarterly profit and raising its full-year forecast. This whole [...]

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Bernanke Says Economy is not Fully Recovered

Bernanke Says Economy is not Fully Recovered

US Fed Chairman Bernanke says US economy needs nurturing The US economy is not fully recovered from its recession, and housing is weighing on growth, Federal Reserve Chairman Ben Bernanke said Friday in a speech spelling out ways the US central bank has studied lower income communities. “Our economy is far from where we would [...]

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Caterpillar (NYSE:CAT) Earnings Data

Caterpillar (NYSE:CAT) Earnings Data

Caterpillar (NYSE:CAT) raises profit outlook on Strong demand Caterpillar (NYSE:CAT), the World’s Largest maker of earth-moving equipment by revenue, raised its outlook for the year, as it reported profits in Q-1 that far exceeded Wall Street’s expectations, reflecting rising demand for construction machinery in emerging markets. The manufacturer made a net profit of US$1.23B or [...]

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China’s Marine Industry Grew 12.8%

China’s Marine Industry Grew 12.8%

China’s gross Marine product value approaches 4T Yuan in Y 2010 The gross product value generated by China’s Marine industry exceeded 3.84T Yuan (US$590B) last year, up by 12.8% from Y 2009, according to an annual report released Friday. In the next 5 yrs, the annual growth rate of China’s emerging Marine industry is expected [...]

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US consumer spending and personal income up in March

US consumer spending and personal income up in March

US consumer spending and personal income up in March US consumer spending and personal income both increased in March, a sign of continuing economic recovery, reported the Commerce Department Friday. Personal consumption expenditures gained US$60.7B, or 0.6% in March, lower than the 0.9% increase in February. Disposable personal income increased US$67.0B, or 0.5B in March, [...]

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