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Post by News Update on May 21, 2009 8:01:29 GMT 3
Oil scales new six-month high at $62 a barrel NEW YORK: The price of oil breached 62 dollars a barrel in New York on Wednesday, scaling a new six-month high, amid a bigger-than-expected drop in US crude reserves and a weakening greenback. New York's main contract, light sweet crude for July delivery, rose 1.94 dollars from Tuesday's close to end at 62.04 dollars per barrel, after hitting a high of 62.26 dollars. timesofindia.indiatimes.com/Oil-hits-six-month-high-at-62/articleshow/4558076.cms |
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Post by News Update on May 21, 2009 8:02:10 GMT 3
Gold hits 8-week high as dollar extends losses 21 May 2009, 0957 hrs IST, REUTERS TOKYO: Gold rose for the third straight day to hit a new eight-week high above $942 per ounce on Thursday, buoyed by firmness in oil prices and the dollar's recent slide to its lowest level in nearly five months. But gains were mainly driven by funds buying US gold futures, resulting in arbitrage cash gold purchases, while a rise in Asian currencies against the dollar capped the price of gold denominated in regional currencies, traders said. timesofindia.indiatimes.com/Gold-hits-8-week-high/articleshow/4558836.cms |
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Post by News Update on May 21, 2009 8:02:42 GMT 3
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Post by News Update on May 21, 2009 13:02:02 GMT 3
Global hunt for accidental millionaires (CNN) -- An international manhunt was under way Thursday for a New Zealand couple who fled after a bank mistakenly paid them NZ$10 million (US$6 million) when they applied for a loan of just NZ$10,000. Westpac bank paid the couple 1,000 times the amount they asked for. New Zealand authorities said they had sought the help of Interpol in locating the couple who disappeared May 7, two days after an employee error at Westpac bank paid them 1,000 times the amount they asked for. edition.cnn.com/2009/WORLD/asiapcf/05/21/new.zealand.millionaires/index.html?eref=edition_business |
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