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Debt Worries Contribute to Gold Price Increase

Posted July 19th, 2011 at 11:40 am (UTC-5)
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Concerns about financial stability in the United States and Europe are helping to push gold prices to new heights. The price of gold rose above $1,600 an ounce for the first time in New York trading on Monday. While the price fluctuated in Tuesday’s trading, some economists say even higher prices are possible. Investors traditionally […]

Tags: , Posted in Americas, Asia, Economy, US

G20 Targets High Food Prices

Posted June 23rd, 2011 at 1:25 pm (UTC-5)
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Twenty of the world’s most important economies have agreed on measures aimed at controlling high and volatile food prices. Meeting together for the first time, agriculture ministers from the G20 group of leading and emerging nations committed thermselves to increasing regulation of commodity markets. They made plans to set up an emergency humanitarian food reserve […]

Tags: , , Posted in Economy

Oil Importers Release Emergency Supplies To Ease Prices

Posted June 23rd, 2011 at 12:55 pm (UTC-5)
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(new info grafs 3 & 5) The 28 member nations of the International Energy Agency say they will release millions of barrels of oil from emergency stocks over the next month to make up for production curtailed by fighting in Libya. IEA officials say disruptions in Libya have kept 132 million barrels of high grade […]

Tags: , , , Posted in Economy

Oil Importers Release Emergency Supplies To Ease Prices

Posted June 23rd, 2011 at 10:00 am (UTC-5)
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The 28 member nations of the International Energy Agency say they will release millions of barrels of oil from emergency stocks over the next month to make up for production curtailed by fighting in Libya. IEA officials say disruptions in Libya have kept 132 million barrels of high grade crude oil off the market, contributing […]

Tags: , Posted in Economy

Higher Food Prices Here to Stay

Posted June 17th, 2011 at 11:20 am (UTC-5)
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People around the world could soon see more dramatic increases in food prices. A report released Friday warns cereal prices could jump as much as 20 percent over the next decade, while prices for meat could increase by almost one-third. The findings are part of the latest outlook from the Organization of Economic Cooperation and […]

Tags: , , Posted in Economy

Oil Prices Fall

Posted June 15th, 2011 at 2:45 pm (UTC-5)
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The price of crude oil dropped sharply Wednesday as traders worried that economic troubles in Europe, and some disappointing economic reports in the United States, might slow demand. In New York, the cost of a barrel of crude oil for future delivery fell more than $4, dropping below $95 a barrel for a while. The […]

Tags: , Posted in Economy

Belarus President Slashes Fuel Prices Following Protests

Posted June 8th, 2011 at 9:00 pm (UTC-5)
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Belarus President Alexander Lukashenko on Wednesday slashed the prices of fuel following protests along the streets of the capital, Minsk. The government had raised the cost of fuel by 30 percent the day before, prompting hundreds of motorists to stage a protest rally along the main avenue in the capital city. Meanwhile, Russia’s state-controlled exporter […]

Tags: , , , Posted in Economy, Europe

Belarus President Slashes Fuel Prices Following Protests

Posted June 8th, 2011 at 3:35 pm (UTC-5)
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Belarus President Alexander Lukashenko on Wednesday slashed the prices of fuel following protests along the streets of the capital, Minsk. The government had raised the cost of fuel by 30 percent the day before, prompting hundreds of motorists to stage a protest rally along the main avenue in the capital city. Belarus is struggling with […]

Tags: , Posted in Europe

Prices Rise After OPEC Says No New Deal On Oil Production

Posted June 8th, 2011 at 10:05 am (UTC-5)
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Members of the Organization of Petroleum Exporting Countries did not reach a new agreement on oil production quotas at Wednesday’s meeting in Vienna. Oil prices rebounded in New York and London after the news. Oil prices had been declining in anticipation that OPEC members might work out a deal to boost production. The OPEC nations […]

Tags: , , Posted in Economy

UN: Food Prices Slightly Lower in May But to Stay High, Volatile

Posted June 7th, 2011 at 11:20 am (UTC-5)
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A United Nations agency says global food prices fell slightly in May but will remain “stubbornly” high for the rest of the year and into 2012. The Food and Agriculture Organization released a price index Tuesday that shows food prices dropped 1 percent in May compared with April — but remain 37 percent above what […]

Tags: , , Posted in Europe

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