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Oil jumps to $68 on equities rally

Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.

China's economy stabilizing; export orders tick up

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China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed on Monday, adding to tentative signs that the world's third-largest economy is stabilizing.

Oil basks in equities' glow

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Oil rose 1 percent to hit a fresh seven-month high on Monday as stock market optimism and sustained hope for a global economic recovery supported the market's best monthly gains in a decade.
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Economy, environment muddle oil outlook

A global economic downturn, lower but lately rising oil prices and an aggressive U.S. environmental agenda have made for one of the most bewildering energy investment landscapes in decades.
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Susan Boyle to sing in Britain's Got Talent final

Global Internet sensation Susan Boyle competes in the final of Britain's Got Talent on Saturday amid signs she is struggling to cope with her sudden rise to stardom and constant media intrusion.
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In northern Thailand, food gives a history lesson

If Thais are chili aficionados in the south, gourmands in the center, and food daredevils in the northeast, then those in the north, an area ruled for centuries by warring empires, are culinary mixologists.
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China milestones since 1989

China has undergone dramatic changes since the army crushed student-led pro-democracy protests centered on Beijing's Tiananmen Square on June 4, 1989.
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Gamesa sees difficult 2009; recovery in 2011

Spanish wind turbine maker Gamesa sees a sector recovery in 2011, but net profit will decline in 2009 on weaker-than-expected sales, according to embargoed comments from Chairman Guillermo Ulacia to reporters on Thursday.
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Australian dollar up, commodity bulls are loose

The Australian dollar surged to a eight-month high on Friday on the back of rising raw material prices, while crude oil matched a six-month high above $65, up some $4 this week on hopes that a global economic recovery will spur energy demand.
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Yen rises on Japanese output jump

The yen rose on Friday, helped by the biggest monthly spike in Japanese industrial output since 1953, while crude prices eased from a six-month high but were still up around $3 this week on expectations of increased demand.
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Geithner to urge forex flexibility in China

U.S. Treasury Secretary Timothy Geithner will discuss with top Chinese officials how to boost global economic growth as well as the importance of flexible exchange rates for smoothing imbalances, a senior U.S. Treasury Department official said on Thursday.
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U.S., South Korea raise military alert on North

South Korea and the United States raised the military alert level for the peninsula on Thursday after the communist North warned the truce ending the Korean War was dead and it was ready to attack.
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Q-Cells plans no further refinancing

Q-Cells has no plans to further beef up its balance sheet at the moment, as recent steps have secured its mid-term financing position, the company's chief executive has told Reuters.
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GM bankruptcy near as bond swap fails, no Opel deal

General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed, while the fate of GM's European brand Opel remained uncertain after marathon talks with German officials ended without a deal.
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GM bankruptcy near as bond swap fails, Opel talks drag

General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed and as German officials held marathon talks to decide the fate of GM's European brand Opel.
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GM bankruptcy, Opel decision seen near

General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.
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GM bankruptcy seen near

General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.
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GM bankruptcy decision seen near

General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand, Opel.
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Germany aims to narrow Opel bidder field

Germany aims to narrow the field of bidders for General Motors unit Opel on Wednesday and reach a deal to provide the carmaker with temporary financing should its U.S. parent file for bankruptcy.
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Geithner to meet Chinese leaders next week

U.S. Treasury Secretary Timothy Geithner will meet top Chinese government officials including President Hu Jintao and Premier Wen Jiabao in Beijing early next week, the Treasury Department said on Wednesday.

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