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By Richard Valdmanis 34 minutes ago NEW YORK (Reuters) - Oil prices rose 5 percent on Thursday, the biggest gain in more than two months, amid rising global tensions and a weak U.S. dollar.
U.S. crude gained $6.00, or 5.19 percent, to $121.56 a barrel..
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By Glenn Somerville and Lisa Lambert 2 hours, 28 minutes ago WASHINGTON (Reuters) - Wholesale prices shot up in July at the fastest year-on-year rate since 1981, while home builders cut back on construction as they worked through a glut of unsold homes,..
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By Ellis Mnyandu 1 hour, 14 minutes ago NEW YORK (Reuters) - Stock index futures rose on Monday as oil prices cut earlier gains and an easing of geopolitical concerns surrounding Pakistan's leadership underpinned sentiment.
U.S. front-month crude backe..
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Fri Aug 15, 6:56 AM ET LONDON (AFP) - Europe's main stock markets extended gains on Friday after an overnight rally on Wall Street which also helped to lift Japanese share prices, dealers said.
In late morning European trading, the FTSE 100 index of to..
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By Deepa Seetharaman 2 hours, 40 minutes ago NEW YORK (Reuters) - Bolstered by falling oil prices and a rising dollar, stocks could extend their modest gains this week, even in the face of still troubling consumer- and housing-related data.
Oil's downw..
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By Deepa Seetharaman Fri Aug 15, 7:22 PM ET NEW YORK (Reuters) - Bolstered by falling oil prices and a rising dollar, U.S. stocks could extend their modest gains next week, even in the face of still troubling consumer- and housing-related data.
Oil's d..
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2 hours, 43 minutes ago NEW YORK (Reuters) - Texas oil billionaire T. Boone Pickens said on Thursday crude prices may soon fall as low as $110 a barrel amid falling gasoline demand, but should not sink below $100 because the United States depends heavil..
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By Nicole Maestri 4 minutes ago NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT.N) reported a 17 percent rise in profit and raised its full-year forecast as shoppers seek low prices, but cautioned that a difficult global economy was heaping pressure on co..
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27 minutes ago WASHINGTON (Reuters) - Consumer prices rose at twice the rate expected in July to post the fastest rate of year-over-year growth in 17-1/2 years, pushed up by costlier energy and food, a government report on Thursday showed.
The Labor De..
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Tue Aug 12, 7:37 AM ET LONDON (AFP) - Europe's major stock markets fell on Tuesday as the European single currency slid to a near six-month low point against the dollar and oil prices extended their losses.
In late morning trading, the FTSE 100 index o..
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7 minutes ago NEW YORK (Reuters) - Stock index futures fell on Wednesday as an unexpectedly strong reading of July import prices rekindled concern about price pressures in the economy.
A separate government report showed that sales at U.S. retailers ed..
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By Kristina Cooke Mon Aug 11, 8:12 PM ET NEW YORK (Reuters) - Stocks rose on Monday as oil prices closed lower for a sixth day, improving prospects for consumer and business spending.
The gains built on the market's best week since April. The fall in t..
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By Ellis Mnyandu 43 minutes ago NEW YORK (Reuters) - Stock index futures were little changed on Tuesday as worries about the impact of the credit crisis on the financial sector tempered optimism sparked by a further drop in oil prices.
News that JPMorg..
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Mon Aug 11, 4:00 AM ET SHANGHAI (AFP) - Chinese share prices closed down 5.21 percent Monday, extending Friday's steep decline as investors rushed to dump stocks after losing hope that government support was imminent, dealers said.
The benchmark Shangh..
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By Ellis Mnyandu 1 hour, 1 minute ago NEW YORK (Reuters) - Stock index futures were little changed on Monday as geopolitical concerns fueled caution and oil prices edged higher.
And with Wall Street coming off its best week in more than three months, t..
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By Ellis Mnyandu Sun Aug 10, 11:45 AM ET NEW YORK (Reuters) - Wall Street may extend its push for recovery this week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth.
The precipitous slide..
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By Ellis Mnyandu 1 hour, 6 minutes ago NEW YORK (Reuters) - Stock index futures rose on Tuesday as a sharp slide in oil prices calmed inflation concerns and buoyed optimism about spending by consumers and businesses, key contributors to profit growth...
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By MARTIN CRUTSINGER, AP Economics Writer 15 minutes ago WASHINGTON - Consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the biggest increase in prices in nearly three decades.
The Commerce Department reported Mond..
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Sun Aug 3, 3:50 AM ET KUWAIT (Reuters) - Oil was unlikely to fall below $100 per barrel as strong demand from emerging economies such as China and India put a floor under prices, a member of Kuwait's top oil council said in remarks published on Sunday...
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By ELLEN SIMON, AP Business Writer 11 minutes ago NEW YORK - Higher prices, tight credit and a gloomy economy kept U.S. manufacturers from growing in July, but exports helped prop them up.
The Institute for Supply Management said its reading of activit..
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