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News in english language
Fri, 09 May 2008 21:52:05 GMT
1. Hints of a rift at OPEC about production
An oil official signaled for the first time in months that the oil cartel might increase its output if prices keep rising.
Fri, 09 May 2008 21:22:02 GMT
2. Oil rises above $126 a barrel
Investors questioned whether a possible confrontation between the United States and Venezuela could cause a reduction in exports from the OPEC member.
Fri, 09 May 2008 16:45:25 GMT
3. Higher fuel costs are pushing up airfares
U.S. airlines are passing their financial pain to their passengers in the form of sharply higher airfares and new fees.
Fri, 09 May 2008 21:52:05 GMT
4. Citigroup announces plans to sell $400 billion in assets
The ailing bank plans to shed assets including real estate, leveraged loans, complex debt tied to subprime mortgages, and structured investment vehicles.
Fri, 09 May 2008 21:52:05 GMT
5. High prices for staple foods dip, but volatile markets persist
The prices of rice, wheat, soybeans and several other foods have come down recently, a development that could ease some of the panic in global food markets.
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