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No sign of OPEC concern with oil heading for $100

Core OPEC ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation.

Oil near 2-year high on cold, risk appetite

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Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally.
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China to gear up fight against inflation

China's central bank kept up its rhetoric against inflation and excess liquidity on Friday, saying it will deploy a range of policy tools to head off inflationary pressure and asset bubbles.
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Oil climbs to 2-year high on frigid weather, rising

Oil rallied to its highest price in more than two years on Friday, supported by unusually frigid weather that has fueled demand, depleted supplies and stoked inflationary worries from South Korea to India.
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Wal-Mart invests in Chinese e-commerce firm

Wal-Mart Stores Inc, the world's largest retailer, has invested in China's top online seller of consumer electronics and communication products, in a push to extend its reach to more Chinese buyers.
A customer looks at laptops at a Dell outlet in Beijing December 13, 2010.

How will China's economy perform in 2011?

As the global economy is entering arguably another tumultuous year, spotlight is sharply on the prospects, policies and risks of China's economy, which has all but sailed past Japan's as the world's second largest after the United States.
South Korea warns North of strong 'counter-attacks'

South Korea's Lee Myung-bak warns North of strong 'counter-attacks'

South Korean President Lee Myung-bak, called on the country's military to strike with strong 'counter-attacks' on the North. Lee visited the front-line army units in Yanggu of Gangwon Province on Thursday. Despite domestic opposition, Seoul's hard-line government is holding the one of its largest-ever military at Pocheon, 20km south of the North Korean border. The country so far conducted 47 drills in the past year.
DOE releases rare earth minerals strategy

DOE releases rare earth minerals strategy

The US Department of Energy has released a critical materials strategy based on extensive research by the Department during the past year examining the role of earth metals and other materials in the clean energy economy.
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World stocks scale two-year highs

World stocks hit their highest level since September 2008 on Thursday while oil held near a two-year peak as favorable U.S. data reinforced expectations economic growth will retain momentum into next year.
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Growth view fuels gains in commodity stocks, oil

Asian shares edged higher on Thursday with gains led by resource-linked stocks, and oil traded just below the two-year high it hit yesterday on cautious but growing optimism of the health of the world economy.
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China says willing to help euro zone return to health

China is willing to help countries in the euro zone return to economic health and will support the International Monetary Fund element of a bailout package for the bloc, a Chinese Foreign Ministry spokeswoman said on Thursday.
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Commodity stocks rise on growth view, oil climbs

Resources-linked stocks rose and oil climbed toward the $91 per dollar mark for the first time in more than two years after latest U.S. data offered yet another sign that the world's biggest economy is on the mend.

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