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Economic numbers point to darker outlook

The frail U.S. economy was dealt fresh setbacks as new U.S. jobless claims scaled a nine-month high last week and Mid-Atlantic factory activity contracted in August for the first time in more than a year.

Mortgage rates hit record lows: Freddie Mac

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U.S. mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the U.S. economy, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
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Oil rises towards $76 on firmer equities

Oil rose toward $76 on Thursday, boosted by a rally in equity markets in Asia and Europe on expectations of strong economic growth in China and Germany. Shares in Hong Kong and Shanghai climbed, with resources companies outperforming the broader market as news of mega-mergers also whetted risk appetite in the sector.
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Investors rush for gold shares

ETF Securities said ETFS Physical Swiss Gold Shares had a record day's trading volume on August 11 of 1.74 million shares, or $208 million. This represents the greatest one-day volume since its first US trading day on September 9, 2009.
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Oil inches up in volatile Asian trade

Oil prices remained highly volatile in Asian trade Thursday as strong dollar and US crude inventories offset equity gains in the region. Light sweet crude for September delivery was seen trading at $75.54 a barrel at 12.00 noon Singapore while Brent crude was at $76.31 a barrel in London.
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Gold climbs towards $1,230 on growth concerns

Gold prices rose toward $1,230 an ounce in Europe on Thursday, close to the previous session's near seven-week high, as concerns over the outlook for economic growth supported investment demand for the precious metal.
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Oil tracks Asian equities higher on demand optimism

Oil rose to over $76 on Thursday, boosted by a rally in Asian equities as investors focused on the prospects for accelerating Chinese demand for natural resources. U.S. September crude climbed 19 cents to $75.61 a barrel at 0822 GMT (4:22 a.m. EDT), having earlier risen as high as $76.08. ICE Brent rose 35 cents to $76.82.
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Yen dips versus dollar

The yen dipped against the dollar on Thursday as jitters about whether Japanese authorities would take new steps to rein in the yen's rise left investors reluctant to chase it higher. Investors are watching to see if the central bank will take more monetary easing steps -- such as expanding liquidity -- ahead of a meeting between Prime Minister Naoto Kan and Bank of Japan Governor Masaaki Shirakawa expected on Monday.
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Gold toils to stay high, remains vulnerable

Gold prices remained vulnerable in Asian trade Thursday despite advanced marginally in early trade. Gold for immediate delivery was seen trading at $1229.02 an ounce at 12.00 noon Singapore time while US gold futures for December delivery was at $ 1231.45 an ounce on the comex division of Nymex.
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Gold edges up, near 1-1/2-month high

Gold edged up on Thursday, to just short of its highest since the start of July, as volatile equities and concerns about the global economy spurred buying from investors, but selling from jewelers capped gains.
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Oil steady above $75, strong dollar pressures

Oil was under pressure on Thursday from a stronger dollar and brimming U.S. petroleum inventories, while modest gains in Asian equities provided support to a market focused on the prospects for economic growth.
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Dollar edges up vs yen, eyes on possible BOJ steps

The dollar edged up against the yen on Thursday with investors reluctant to chase the yen higher as they waited to see if the Bank of Japan or the government will take new steps to rein in the yen's rise. Earlier, rumours had circulated in the market that the BOJ would hold an emergency policy meeting at 2 p.m. (0500 GMT). That followed a media report that the central bank had started considering additional monetary easing steps.
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This Week In Petroleum - Northeast States move to reduce sulfur content in heating oil

The Northeast region of the U.S., represented by the New England and Central Atlantic regions shown in Figure 1, typically account for over 80 percent of U.S. heating oil sales. As shown in Figure 2, the top 5 consuming States, in rank order, are New York, Massachusetts, Pennsylvania, Connecticut, and New Jersey. Heating oil is a distillate fuel, coming from the same boiling-range portion of crude oil as diesel fuel. However, unlike diesel fuel used in transportation, heating oil has no Federal...
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Australian Dollar Outlook 19/8/2010

The Australian Dollar is steady after a relatively quiet night on the economic data front gave the markets little to draw on as far as the state of the economic recovery in the US and Europe is concerned.
A French High Speed Train (TGV) arrives at Marseille's railway station during a national strike.

U.S. high-speed railway: a matter of cost and demand

The federal government has committed at least $8-billion (and counting) for the development of a nationwide high-speed intercity passenger railway system in almost three-dozen states. Rail advocates have long dreamed of an extensive railway grid that will provide clean, speedy, energy-efficient travel.
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Smoking not tied to risk of early breast tumor

Cigarette smoking has been clearly linked to increased risks of a number of cancers, including cancers of the lungs, colon, pancreas and bladder. But studies have yielded conflicting results as to whether smoking may boost a woman's odds of developing breast cancer.
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GM and and China's SAIC deepen ties

General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the fast-growing China market ahead of a highly anticipated IPO.
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U.S. regulators investigate Kia Soul steering loss

U.S. safety regulators have opened a preliminary investigation into a potential problem with the Kia Soul after a driver reported a complete loss of steering and limited braking in a two-month-old car.
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GM to recall more than 243,000 vehicles

General Motors Co will recall more than 243,000 model year 2009/2010 crossover sport utilities, mainly in the United States, to inspect safety belts for possible damage.
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GM to be dual-listed: source

General Motors Co will list its shares on the New York Stock Exchange and Toronto Stock Exchange after its initial public offering, a source familiar with the matter said on Wednesday.

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