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Oil sets 2009 high near $55 a barrel

Oil edged up toward $55 a barrel on Tuesday, reaching the highest price of 2009, as rising equities and hopes for an economic recovery countered swelling oil inventories and falling demand.

Optimistic central bank comments boost stocks

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Asian stocks rose to fresh seven-month highs on Tuesday as optimistic comments from central bankers bolstered confidence that the worst of the global economic downturn may have passed, offsetting anxiety about U.S. banks and their capital needs.

Bank caution supports U.S. dollar, tempers stocks

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The U.S. dollar edged up from a six-week low on Tuesday after news the U.S. Treasury will instruct about 10 banks to raise more capital injected caution into markets and capped gains in Asian stocks.
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Mexico breathes easier but flu pandemic likely

Offices and businesses stayed closed in Mexico on Monday to try to prevent the spread of a deadly new strain of flu, and authorities said a sharp drop in new cases showed the battle was being won.
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Oil rises to one-month high near $54

Oil prices rose to more than a one-month high on Monday on optimism the global economic recession was easing, spelling a potential recovery in world energy demand.
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Swine Flu cases nears 1,000

The World Health Organization reported on Monday that 985 cases of influenza A (H1N1) have been reported across twenty countries.
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Asia stocks hit 7-month high on recovery hopes

Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
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ADB meet kicks off as Asia flexes financial muscle

The Asian Development Bank launched its annual meeting with donors on Monday, a day after the region announced its first independent liquidity facility, a $120 billion fund to counter the economic crisis.
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East Asia sets up emergency $120 bln fund for crisis

Thirteen East and Southeast Asian countries agreed on Sunday to set up a $120 billion emergency fund for use in an economic downturn, the first independent move by Asia to shield itself from financial crisis.
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Asian nations set up $120 billion crisis fund

Thirteen East and Southeast Asian countries agreed Sunday to set up an emergency $120 billion fund to provide liquidity to any of them in need of help during the economic downturn.
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China on alert to bring back citizens from Mexico

China is to send a plane to Mexico to bring back some of its stranded tourists, Xinhua news agency reported Saturday, after a man was detected as the first confirmed case known as swine flu in Asia.
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China requests proposal for carbon tax

China's Ministry of Finance and the Ministry of Environmental Protection have requested a study on a carbon tax that may become a method for the nation to slash greenhouse gas emissions into the atmosphere.
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Oil rises above $51 on stock market gains

Oil prices rose on Friday, bouncing from losses earlier in the day, on support from equity markets and as traders sifted through evidence for hints of economic recovery.
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North Korea threatens nuclear tests over U.N. move

North Korea on Wednesday threatened a new nuclear test unless the U.N. Security Council apologized for tightening sanctions, confirming some analysts' fears that Pyongyang is determined to build an atomic arsenal.

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