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Oil up over $114 as supply woes persist after Libya cuts exports

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Brent crude rose more than $2 a barrel to a high of $114.50 on Monday as concern persisted about security of supply from the Middle East and North Africa even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya.

Oil over $114 as supply woes persist after Libya cuts exports

IBTimes Logo
Brent crude rose more than $2 a barrel on Monday as concern persisted about security of supply from the Middle East and North Africa even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya.
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Foreign media in China face worsening conditions -survey

China protest call smothered in police blanket

An online call for anti-government protests across China on Sunday instead brought an emphatic show of force by police determined to deter any buds of the kind of unrest that has shaken the Middle East.
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China's Wen puts social stability at heart of economy

Fighting inflation is a priority for China and the government must ward off threats to social stability stemming from rapid price increases and pressure to raise the value of the yuan, Premier Wen Jiabao said on Sunday.
Libya evacuations by country

Libya evacuations by country

Following are details of countries evacuating nationals and employees from Libya or closing operations because of the political turmoil.
French Fashion house Givenchy turns gaze to Asia

French Fashion house Givenchy turns gaze to Asia

The French fashion house synonymous with Audrey Hepburn and Breakfast At Tiffany's is eyeing Asia as its next big growth market, spurred by the rapidly rising incomes of the region's nouveau riche.
China's SAIC shares to remain suspended next week

China's SAIC shares to remain suspended next week

Trading in the shares of SAIC Motor Corp, China's top car maker, will remain suspended for another five working days from Monday, the company said in a filing with the Shanghai Stock Exchange on Friday.
Bankers Eye RMB Offshore Market As China Funding Costs Rise

Bankers Eye RMB Offshore Market As China Funding Costs Rise

Bankers are predicting a burgeoning offshore market for renminbi-denominated bonds as corporates increasingly turn to the Chinese currency to issue debt, making it only a matter of time before the renminbi is on a par with dollars, euros and yen.
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Ford says Focus model reshapes supplier relations

Ford Motor Co is reshaping its relationship with suppliers, allowing more coordination from design to production, as it focuses on global platforms and shared parts, a top Ford executive said this week.
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Canada to lead North American Q1 auto gains: report

Canada will outpace the United States and Mexico in first-quarter automobile production growth, which will add roughly 1.5 percentage points to the country's economic growth, according to a report released by Bank of Nova Scotia.
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Gold: The Once and Future Money

For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so,...

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